The cryptocurrency market has been experiencing increased price volatility recently, with the Artificial Intelligence (AI) category gaining momentum. Major tokens within this category have seen a significant price surge in a short period, sparking interest among investors. Many are now wondering whether it is the right time to invest in crypto and whether AI tokens will continue to perform well. In this article, we will highlight the top 3 AI tokens that have the potential to outperform other top tokens this year.
Bittensor (TAO) has seen a price surge of 14.76% in the past day, with a trading volume of $209.82 million. Over the past month, it has surged by 129.15% and by approximately 116% this year. With a market cap of $4.27 billion, it currently ranks 23rd in the global crypto list. The Moving Average Convergence Divergence (MACD) indicator suggests a bullish trend for the TAO coin price in the coming week. If this sentiment continues, the TAO price could test its resistance level of $671 this month.
Render (RENDER) has experienced a 6.38% surge in the past day, despite a 15.64% drop over the past week. With a trading volume of $315.27 million, RENDER has added 15.76% to its valuation in the past month and has a year-to-date return of 19.35%. The Relative Strength Index (RSI) indicates that the Render price may continue to increase in value. If the market gains momentum, RENDER could retest its resistance level of $7.18. However, if the bulls lose steam, the token could fall towards its support level of $3.65.
Phoenix (PHB) has seen a 10% increase in its price over the past day, with a trading volume of $15.33 million. It has surged by 57.86% in the past month and by 68.81% this year, with a market cap of $95.53 million, placing it at the 369th position. The EMA 50/200-day indicators suggest increased bullishness and the possibility of a Golden Cross in the Phoenix price chart. Keeping the price above its support level of $1.67 could see PHB heading towards its resistance level of $2.18. Conversely, a bearish scenario could lead to a retest of the token’s low at $1.140.
Overall, these top 3 AI tokens have shown promising potential for outperforming other tokens in the market. Investors should closely monitor the market trends and indicators to make informed decisions on investing in these AI tokens.