- This week has been a significant one for AI and big data-focused crypto projects and tokens.
- Amidst this excitement, Nvidia’s surge past Microsoft to become the world’s most valuable company hasn’t gone unnoticed.
- Crypto analyst Abiodun Oladokun zeroes in on three AI-based tokens that have shown remarkable growth over the past week, forecasting further upward trends for these digital assets.
Discover the promising rise of AI-driven crypto tokens in a week where Nvidia’s ascent reshaped market dynamics.
HASHAI Price Analysis: Formation of an Ascending Channel
HashAI (HASHAI) leverages artificial intelligence to optimize crypto mining. Priced at $0.0010 at the time of writing, HASHAI saw an 18% increase in the past week. This rise followed its all-time low of $0.00075 on June 14. The noticeable demand surge led to a cumulative 36% price escalation. A look at the daily chart reveals an ascending channel, typically a bullish signal formed by a series of higher highs and higher lows. HASHAI’s price is also nearing the 20-day Exponential Moving Average (EMA), signaling that buying momentum is overpowering selling craze. Continued demand could push the token towards $0.0064, nearing the upper boundary of the current channel.
TURBO On Track: Aiming for New Highs
Turbo (TURBO), esteemed as the first memecoin generated by artificial intelligence, experienced a 15% price bump over the past week. This growth is a continuation of a prior month-long rally during which TURBO’s price surged by 317%, trading now at $0.0054. Confirming the bullish trend, the Directional Movement Index (DMI) reveals a positive index reading of 30.21 over the negative index of 19.35. This indicates robust price momentum, often prompting investors to consider or maintain long positions. Should the demand persist, TURBO could climb to $0.0060.
0x0 Price Projection: Eyeing $0.26
On the Ethereum network, 0x0.ai harnesses AI to offer heightened privacy in transactions. The local token has gained 11% over the last week, reversing a prolonged bearish trend that saw it drop to a four-month low of $0.19 on June 18. As sentiment shifted to bullish, 0x0 commenced a new upward trend, trading at $0.24 at present. The Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, with the MACD line surpassing the signal line and approaching the zero line. This pattern suggests accelerated momentum and indicates a potential for 0x0 to reach $0.26 if the bull trend continues.
Conclusion
In summary, AI-driven crypto tokens like HASHAI, TURBO, and 0x0 have shown robust performances amid a broader market rally. Analysts forecast further gains, highlighting the significant role of AI in catalyzing crypto market dynamics. Investors should stay informed about these trends and consider the potential for sustained growth in this innovative sector.
