Token

Cryptocurrency

Artificial Intelligence

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/recent-surge-in-cryptocurrency-market-and-ai-token-performance/" data-wpel-link="internal">Recent Surge in Cryptocurrency Market and AI Token Performance</a><br></p>
<p style="text-align: justify">The first week of May witnessed a significant rise in the <a href="https://en.coin-turk.com/cryptocurrency-market-outlook-a-week-of-potential-volatility-ahead/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a>, with Bitcoin’s price jumping from $56,500 to $65,223. The recent surge in interest in Bitcoin ETFs listed in the USA played a crucial role in this rise and also supported the altcoin market in recovering from previous losses.</p> 
<h2 id="current-status-in-artificial-intelligence-tokens">Current Status in Artificial Intelligence Tokens</h2> 
<p style="text-align: justify">According to the data obtained, the biggest tokens in this sector reached $37.9 billion, with an expected intraday gain of 7.3%. In the last 24 hours, top AI tokens like Graph (GRT), Fetch.AI (FET), and SingularityNet (AGIX) have shown gains, offering new long opportunities to momentum <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>. GRT, the native cryptocurrency of the Graph network, has been on an upward trend for the last six days, with its price increasing from $0.22 to $0.3, marking a record 36% increase. This recovery raised Graph’s market value to $2.83 billion, while the 24-hour trading volume was recorded at $152.8 million.</p> 
<p style="text-align: justify">The rising GRT price recently broke the downward trend line that had been active since the beginning of March. If the breakout continues, buyers could rally towards potential targets of $0.35, then $0.428, and $0.49. Fetch.ai is a blockchain-based platform aimed at transforming the operation of digital economies and data-driven <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">markets</a> through the use of artificial intelligence (AI) and machine learning (ML).</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-348270 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/grt.jpg" alt="" width="1552" height="582"></p> 
<h2 id="critical-formation-in-fet">Critical Formation in FET</h2> 
<p style="text-align: justify">Following recent market consolidation, the FET price managed to stay above the $1.85 support, creating a local bottom on the daily chart. This rebound from the base indicated a 30% increase in the value of the cryptocurrency and revealed the formation of a double bottom reversal pattern, signaling higher upward potential.</p> 
<p style="text-align: justify">At the time of writing, the Fetch.ai token is trading at $2.4 with a market value of $2.03 billion. Continuous buying is expected to increase the FET price by another 10% and break the neckline resistance of the formation at $2.64. The indicated breakout could accelerate the buying momentum and push the FET price to $2.85, then to $3.48.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/recent-surge-in-cryptocurrency-market-and-ai-token-performance/" data-wpel-link="internal">Recent Surge in Cryptocurrency Market and AI Token Performance</a></h5>

Recent Surge in Cryptocurrency Market and AI Token Performance

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