Crypto AI Boom: FET Price Loses Momentum as TAO Rises and RCOF Presale Hits $2 Million
With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.
The recent surge in crypto AI and blockchain systems has captivated crypto traders. However, Artificial Superintelligence Alliance (FET), once a standout performer, shows signs of losing steam while TAO rises almost 30% in a week.
Meanwhile, the RCO Finance (RCOF) presale continues to show strong performance having just passed the $2 million mark.
As the AI crypto boom matures, the question is: Can FET regain its pace, or will TAO and RCOF lead the next wave of AI-driven assets?
In the few weeks after the merger between Fetch.ai, Ocean Protocol, and SingularityNET, the Artificial Superintelligence Alliance attracted considerable interest.
However, the FET token has recently experienced a remarkable slowdown in trading volume and overall investor interest.
Technicals showed bearishness as FET failed to pierce key resistance levels, while the token held close around its 50-day moving average. Most traders have remained skeptical of the project’s long-term scalability and real-world use cases.
Bittensor (TAO) is gaining momentum in the crypto market with a solid performance backed by impressive stats. Over the past week, TAO has seen a 29% rise in value and an 86.7% increase in 24-hour trading volume, indicating heightened investor interest.
TAO looks to be approaching a crucial resistance level of $400 and analysis by @Roman_Trading on X (Twitter) suggests that if it can break this level, we could see Bittensor going as high as $3,000.
While TAO broke through this resistance level during the bullish first quarter of 2024, it’s struggled to
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