Donald Trump AI Investment Drives Bullish Sentiment in Crypto: Best AI Tokens to Buy Now
The post Donald Trump AI Investment Drives Bullish Sentiment in Crypto: Best AI Tokens to Buy Now appeared first on Coinpedia Fintech News
The cryptocurrency market has displayed a strong bullish recovery after experiencing a short pullback yesterday. However, with Donald Trump’s unveiling of a $500 billion AI infrastructure with Soft bank, Sam Altman’s Open AI, & Oracle, the Artificial Intelligence segment witnessed the highest short-term gains.
Considering the present market sentiments, is this the right time to invest in the crypto market? We at CoinPedia have uncovered the market sentiments and possible price targets of the top AI crypto tokens.
Bittensor (TAO)
The 04th largest Artificial Intelligence token has experienced a bullish reversal over the past day with a trading volume of $172.79 million. Despite recording a YTD return of -5.26%, this crypto token has maintained its position in the category.
The RSI indicator shows a rise toward the neutral point in the 1D time frame. However, the EMA 50/200-day record a bearish price action. This suggests a mixed sentiment for the Bittensor crypto in the market.
Maintaining the price above its resistance level of $437.5 could push the TAO price toward its upper resistance level of $547 this month. However, in case of a bearish reversal, this AI token could retest its support trendline of $400 in the coming time.
Wondering about the long-term price possibilities of the TAO crypto token? Read our Bittensor Price Prediction to uncover the mysteries!
Artificial Superintelligence Alliance (FET)
The FET coin price has jumped 7.43% over the past 24 hours with a change of +2.59% in its intraday trading volume. With this, this AI token has regained its lost momentum and covered its YTD losses. Further, the Super Artificial Intelligence token currently holds the 46th position with a valuation of $3.144 billion.
The Moving Average Convergence Divergence (MACD) records a neutral action with its averages displaying a similar price action. On the other hand, the SMA indicator shows a bullish curve. This suggests an increase in the buying pressure for the altcoin in the market.
If the bullish sentiment sustains, the FET price will retest its resistance level of $1.650. Conversely, if the bears outrun the bulls, the altcoin will retest its important support trendline of $1.050.
Are you wondering if the Super Artificial Intelligence price will reach $10 this altcoin season? Read CoinPedia’s FET Price Prediction!
Virtuals Protocol (VIRTUAL)
The VIRTUAL price has posted a bullish price action by adding 13.38% in 24 hours with a trading volume of $223.56 million. That being said, the spike has come after a mere ~1% surge in 7 days and 8.71% over the past month. With a market cap of $1.868 billion, it has secured the 60th position.
The Relative Strength Index (RSI) witnessed a bullish convergence in the daily time frame. Moreover, the EMA 50-days constantly supports the Virtuals Protocol price chart. This suggests a strong bullish outlook for the altcoin this week.
Suppose, the market favors the bulls, under such a situation, the VIRTUAL price will prepare to retest its upper resistance level of $4.410. On the contrary, if the bearish sentiment intensifies, this could pull the price of this AI token toward its support of $2.050.
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