Synthetic Intelligence (AI) and the Massive Knowledge business have turn into family narratives within the crypto market, and in 2024, it doesn’t appear to be that can cease. Resulting from this, market individuals have been eyeing AI-based tokens.
Many of those tokens exploded in 2023, when the AI narrative was in full power. In 2024, there’s a excessive likelihood that these cryptocurrencies will proceed to carry out nicely. In consequence, Coin Version brings you the highest 10 AI and Massive Knowledge tokens valued below $1 and with immense potential.
The Graph (GRT)
The basics of The Graph lie in its skill to assist with indexing and querying on Ethereum (ETH). Due to this functionality, demand for its native token, GRT, rose in 2023. Within the final 12 months, GRT’s value has elevated by 166.67%, CoinMarketCap confirmed. Nevertheless, the token may nonetheless be thought of undervalued, particularly as its value modified fingers at $0.186.
Nevertheless, GRT has slowed to 2024, shedding 12.39% of its worth. However from a technical perspective, the token nonetheless has the potential to repeat the same feat this 12 months, as proven by the EMA.
From the day by day chart, the 50 EMA (blue) was positioned at $0.168, indicating a attainable help zone for the token. However, the 200 EMA (yellow) was at $0.133. Additionally, a crossover had occurred since November 11, 2023, indicating that the long-term development for GRT was bullish.
SingularityNET (AGIX)
AGIX is the native token of SingularityNET, a platform that permits customers to create and monetize AI providers on completely different AI marketplaces. At press time, AGIX’s value was $0.30. This worth represents a 254.73% enhance within the final one year. Nevertheless, the token was nonetheless 44% down from its All-Time Excessive (ATH).
The day by day AGIX/USD chart confirmed that the token had not skilled the sort of promoting strain it did between Could and October 2022. Throughout this era, bulls capitalized on the decline to $0.17 and used it as help.
Moreover, the Accumulation/Distribution (A/D) indicator confirmed that extra individuals have been shopping for AGIX. If the A/D continues to development upward, then AGIX may hit a brand new ATH in 2024.
Theta Gas (TFUEL)
TFUEL’s value at press time was $0.048. Nevertheless, its efficiency final 12 months was not as spectacular as that of AGIX or GRT. However within the final 90 days, the value has elevated by 51.36%. Additionally, the truth that its market cap is a bit of over $300 million implies that it may very well be undervalued.
Coin Version appeared on the TFUEL/USD day by day chart, and the 20 EMA (blue) had flipped the 50 EMA (yellow). On this occasion, the development is bullish. So, TFUEL’s value has the potential to achieve $0.06 within the first quarter of 2024.
Ocean Protocol (OCEAN)
Ocean Protocol’s involvement within the intersection of Massive Knowledge and AI has made it related within the crypto market. That is additionally one of many causes OCEAN’s all-time efficiency elevated by 1.468%.
At press time, the cryptocurrency’s value was $0.475. These days, OCEAN confronted resistance at $0.56, which was why the value decreased. Nevertheless, the RSI studying confirmed that consumers have been attempting to regain the bullish momentum. Ought to the RSI studying cross the 50.00 midpoint, then OCEAN would possibly flip $0.5. This is also the purpose that triggers one other rally for the token.
Golem Community (GLM)
GLM’s all-time efficiency was just like OCEAN. As of this writing, the GLM value was $0.22. Moreover, the MACD on the day by day chart had dropped to the unfavourable zone. This means bearish momentum for the quick time period.
A take a look at the Fibonacci Retracement confirmed that the 0.618 degree was at $0.25. Because of this the GLM toke has good long-term potential, and $0.25 may very well be its help going ahead. In the long run, GLM may hit $0.40, contemplating the 4.236 Fib degree positioned at that value.
Flux (FLUX)
FLUX’s value at press time was $0.57. From the day by day chart, the token has been consolidating between $0.50 and $0.67 since December.
Nevertheless, the RSI confirmed that FLUX had exited its unfavourable divergence. So, the value has the potential to retest $0.60. Volatility, as proven by the Bollinger Bands (BB), had additionally elevated, indicating important value fluctuation. Going ahead, FLUX’s value may go increased contemplating that it additionally has a small market cap.
Arkham (ARKM)
ARKM’s value was $0.60 on the time of writing—19.99% down from its ATH. Nevertheless, within the final 24 hours, ARKM has elevated by greater than 5%.
As well as, the Chaikin Cash Stream (CMF) had risen to 0.29. This means that there was good shopping for strain for the token. If this continues to be the case, ARKM would possibly rise to the $0.80 area.
This notion was additionally backed by the Cash Stream Index (MFI). Nevertheless, the MFI crossed 80.00, which means that it was overbought. So, ARKM would possibly erase a few of its latest positive factors. Ought to that occur, a brand new shopping for alternative would possibly current itself earlier than a long-haul rally.
IQ (IQ)
At press time, IQ modified fingers at $0.005. Additionally, the 4-hour chart confirmed that there was a surge within the accumulation of the cryptocurrency. Whereas there has additionally been some distribution, accumulation was increased.
So long as this place stays the identical, IQ’s value can enhance. For the long-term targets, the value would possibly strategy $0.007 for a begin.
In conclusion, a few of these tokens would possibly expertise notable pullbacks. Nevertheless, the long-term potential appears to be like shiny for many. On the similar time, it might be higher to contemplate doing additional analysis on their fundamentals and tokenomics.
Disclaimer: The knowledge offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any form. Coin Version just isn’t accountable for any losses incurred on account of the utilization of content material, merchandise, or providers talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.
