AI Tokens Unveiled: Exploring the Top 10 Cryptocurrencies Powering Artificial Intelligence

AI tokens function as the backbone for supporting AI-based projects, applications, and services within the blockchain ecosystem. Playing three pivotal roles, the first involves facilitating transactions as they serve as the medium of exchange within AI-powered platforms. Moreover, AI tokens are crucial in enabling protocol governance. Ultimately, they incentivize users to contribute towards the growth of the AI protocol or project.

Here is a list of the top 10 AI tokens, according to CoinmarketCap.com.

Internet Computer (ICP)

ICP is currently bullish on the daily time frame. The price is currently trading right above the support zone of $10.490. The Stochastic reveals the market is well oversold; hence, an ascent from the zone is expected to attack the previous high of $16.000.

ICP Metrics
Price: $11.320
24 hours gain or loss: – 0.3%
Market Cap: $5.1B
Volume (24H): $103M
Circulating Supply: 456312432 ICP

Injective (INJ)

INJ has just switched bearish on the daily time frame. This is seen with the current dive of the price below the Moving Average Cross (Periods 30 and 50). A break below the support level of $23.330 is expected to foster a plummet towards the lower support level of $19.160.

INJ Metrics
Current Price: $32.130
24h gain or loss: 0.76%
Market Cap: $2.8B
Volume (24h): $88.6M
Circulating Supply: $88.4M INJ

Render (RNDR)

RNDR is currently in consolidation. A range has formed in 2024 below the price of $4.370 and above $3.380. A breakout above or below these prices is essentially to give a clearer market direction.

RNDR Metrics
Current Price: $3.820
24h gain or loss: – 1.48%
Volume (24h): $52.30M
Market Cap: $1.4B
Circulating Supply: 376M RNDR

The Graph (GRT)

GRTUSD’s bullish trend line failed to support the price in January. This led to a bearish reversal. A retest of the trendline has aided the sellers to short towards $0.1250. On the descending trend, the price has pulled back into a fair value gap below the previous high to continue the downward motion.

GRT Metrics
Current Price: $0.150
24h gain or loss: 3.27%
Volume (24h): $39M
Market Cap: $1.4B
Circulating Supply: 9.3B GRT

Theta Network (THETA)

THETA is currently on a strong downward trend. The bullish trend line which aided the ascent of the price was invalidated by three black crows in January. The Moving Average Cross (Periods 30 and 50) is now dominating the daily candles. The swing low of $0.860 is currently threatened by the consistent formation of lower highs and lows.

Theta NETWORK Metrics
Current Price: $0. 960
24h gain or loss: – 0.71%
Volume (24h): $12.4M
Market Cap: $956.6M
Circulating Supply: $12.3M THETA

Oasis Network (ROSE)

Rose is currently experiencing a pullback on a bearish trend. The Fair Value Gap (FVG) below $0.120 functions as a draw on the price. This correlates with the oversold signal on the Stochastic. The Moving Average Cross (Periods 30 and 50) signifies a prevailing downtrend. The bearish trendline is still valid to further confirm the bearish trend.

ROSE Metrics
Current Price: $0.10
24h gain or loss: 0.61%
Volume (24h): $24.50M
Market Cap: $671M
Circulating Supply: 24.5M ROSE

Akash Network (AKT)

AKTUSD price currently fluctuates in the range of the last bullish order block on the daily chart. The Stochastic is well oversold hence a pump is expected due to the possibility of increased buying pressure in the oversold zone. The intermediate high of $2.600 appears to be the closest target for the buyers before the ultimate high of $3.350. The swing low of $0.860 on THETA and the intermediate high of $2.600 are very good crypto signals.

AKT Metrics
Current Price: $2.860
24h gain or loss: $10.07
Volume (24h): $4.6M
Market Cap: $648M
Circulating Supply: 226M

Fetch.ai (FET)

Fetch has sunk into a deep discount on the last bulish swing. The market has presented the opportunity for an optimal trade entry for longs. The Williams Percent Range signals a readiness for a price ascent. The long-term stiffness in the price of Fetch before mid-October last year still fuels the market trend.

FET Metrics
Current Price: $0.60
24h gain or loss: 2.190%
Volume (24h): $42.50M
Market Cap: $501.60
Circulating Supply: 831.6M FETAKT

SingularityNet (AGIX)

SingularityNet price continues to crash after an SMS (Shift in Market Structure) was established in the first week of 2024. The aggressive dive in the price revealed the intention of the whales. A pullback followed to retest the Moving Average Cross (Periods 30 and 50) which aligned perfectly with the bearish order block of $0.310. The price is currently driving towards $0.230.

SingularityNet Metrics
Current Price: $0.2652
24h gain or loss: 4.81%
Volume (24h): $23M
Market Cap: $332.5M
Circulating Supply: 1.2B AGIX

Theta Fuel (TFUEL)

Theta Fuel is currently experiencing a challenge in breaking free from a very stiff consolidation. The price fluctuates below $0.050 and above $0.040. Multiple false breakouts are visible on the daily chart in the form of spikes above and below the range. The Moving Averages (Periods 30 and 50) rest within the range, revealing a mathematical indecision of the indicator. A consistent bullish or bearish market structure is important to discern the market’s direction.

TFEUL Metrics
Current Price: $0.04
24h gain or loss: 2.390%
Volume (24h): $3.2M
Market Cap: $272.8M
Circulating Supply: 6.4B TFEUL

Do you want to take your trading to the next level? Join the best platform for that here