Token

Stronger

Narrative

The post <a href="https://coinpedia.org/price-analysis/ai-narrative-may-become-stronger-in-the-coming-days-here-is-the-popular-ai-token-on-the-foothill-of-major-explosion/" rel="noopener noreferrer nofollow">AI Narrative May Become Stronger in the Coming Days: Here is the Popular AI Token on the Foothill of Major Explosion</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
After marking new highs for the year, the Bitcoin price faces a minor pullback and remains stuck within the regions. In the meantime, the AI-based tokens appear to have set up a strong base, with most of the tokens recording double-digit gains. Tokens like Singularity and Worldcoin have surged above 100%, while The Graph and Render have accumulated gains of over 50% in the past week.&nbsp;
This trade setup suggests that AI-based tokens are establishing a strong bullish narrative, and the following are the reasons why they could last for a long time:
<ul>
 <li>Potential AI integration on Ethereum through the implementation of Verkle trees, which focus on data storage and node size,</li>
</ul>
<ul>
 <li>With every upgrade released by ChatGPT’s Open AI, the AI-based tokens have experienced a huge impact&nbsp;</li>
</ul>
<ul>
 <li>NVIDIA has released its revenue report, which has initiated a fresh bullishness within the AI-tokens and also soared their company shares</li>
</ul>
<ul>
 <li>DePin or decentralised physical networks and AI integration may also have a larger influence over the AI-token rally.</li>
</ul>
Now that the tokens have already recorded huge gains, is it too late for the party?&nbsp;
The AI tokens like Render (RNDR) have surged by over 18%, Fetch.ai (FET) by 13% and Singularity (AGIX) by over 30% after the NVIDIA earnings. Before, the tokens had a decent ride after Open AI launched Sora. However, some tokens, like The Graph, are at the foothills of massive explosions.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/yxR83gkeTgUOqQ9qThjvr4cvnotDYVbK0WAAT8pn8-2F1wTRbfJ00Y7t8_xnesLIhOwZeeGatOV9BeF9BU6hlMctJuQp2qNvraAqdwteSDuGV2oVm9H3zgqTnHipX5wppVtqHnNcL0kySwdyVo1JUsw" alt="">
</figure>
The recent upswing has caused the price to soar beyond the crucial descending trend line after hovering around the level of $0.17 for a while. The price is an inch away from rising above the interim highs beyond $0.31. Once these levels are surpassed and sustained, the GRT price may trigger a fresh bullish trend towards higher targets, probably above $1.&nbsp;

AI Narrative May Become Stronger in the Coming Days: Here is the Popular AI Token on the Foothill of Major Explosion

CoinPedia News

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