The artificial intelligence (AI) narrative is roaring through almost all sectors of the global economy. Big Tech has been spearheading many profound developments in the sector with companies like OpenAI, Microsoft, Google, and Meta going head to head to release the best AI tools. Investors in the crypto industry have not been left behind either,
The post Doubtful Of Artificial Intelligence (AI) Altcoins, Here’re 3 Crypto To Buy For 100X Potential appeared first on CoinGape.
The artificial intelligence (AI) narrative is roaring through almost all sectors of the global economy. Big Tech has been spearheading many profound developments in the sector with companies like OpenAI, Microsoft, Google, and Meta going head to head to release the best AI tools.
Investors in the crypto industry have not been left behind either, especially with projects blending artificial intelligence and decentralized blockchain protocols gaining popularity.
However, not all AI-based crypto projects will stand the test of time. For this reason, it might be prudent for investors to consider other solid crypto projects ahead of the expected bull run in 2024.
1. Notcoin (NOT) Rallies Thwart Artificial Intelligence Crypto Projects
Notcoin price has seen a strong rally from $0.005 to above $0.026, indicating significant bullish momentum. This upward trend suggests increasing investor confidence and potential further gains in the near term.
Notcoin surged over 190% in the past week, reaching an all-time high of $0.02644 on June 2. Integrated as a Telegram Mini App, Notcoin has rapidly gained popularity, amassing over 30 million users on Telegram within two months. Since its launch, Notcoin has experienced a price increase of over 144%, making it the most trending altcoin.
The current bullish trend, NOT show strong upward momentum, indicating a potential entry into a bullish phase. The cryptocurrency is poised to challenge the $0.03 resistance level soon. If this momentum continues, NOT price could rise toward $0.05, possibly reaching $0.1 in the next bullish run.
2. Terra Classic (LUNC)
Based on data from CoinMarketCap, a 1.55% correction in the last 24 hours gestures increasing influence from the sellers. However, with the trading volume rising by 8% to $27 million, interest in the token is growing.
Terra Classic boasts a market cap worth $676 million to rank #118 among other cryptocurrencies. The token has a circulating supply of 5.79 trillion and a total supply of 6.79 trillion.
Consistent network development backed by initiatives to achieve efficiency for LUNC and USTC (the ecosystem’s main tokens), is another force that may propel the next move north.
For instance, developers released a new upgrade for the network dubbed v3.0.1 on June 2. According to the announcement published on X, it was “time to upgrade the Terra Luna Classic blockchain and continue the recovery effort.”
The Moving Average Convergence Divergence (MACD) reinforces the bullish thesis. However, the MACD line must hold above the signal line to validate the same bullish outlook. In the end, this will encourage more traders to gain confidence in LUNC and push for a 65% breakout to $0.0002.
3. GameStop (GME)
GameStop is a meme coin that was recently incepted to pay homage to the GameStop Corp (GME) stock. Considered a meme stock, GME attracts immense interest from investors who target drastic price increases. The meme coin now exchanges at $0.012 after another attempt to mirror the gains on Monday suddenly stopped at $0.014.
The Moving Average Convergence Divergence (MACD) indicator is in the process of validating a short-term bearish outlook. Traders would be watching out for the blue MACD line to cross below the orange signal line, validating the downturn. Reducing histograms to the neutral line further tightens the bearish grip on GME.
Trading below the daily open of $0.014 is another bearish signal to consider when trading GameStop crypto. Should support at $0.01 hold, a recovery may ensue, thus igniting another rally to $0.0185.
Bottom Line
Artificial intelligence is one of the trending narratives in the crypto market. It is bound to attract immense attention but with this comes heightened volatility. Therefore, it might be wise to diversify reducing reliance on artificial intelligence projects in favor of established crypto to buy like LUNC.
The post Doubtful Of Artificial Intelligence (AI) Altcoins, Here’re 3 Crypto To Buy For 100X Potential appeared first on CoinGape.
