Amid increased price volatility in the cryptocurrency market, the Artificial Intelligence (AI) category has regained momentum. This has led to a significant price surge in major tokens from this category over a short period.

Bittensor (TAO) Overview

The TAO price has surged 14.76% in the past day with a trading volume of $209.82 million. Moreover, it has surged 129.15% during the past month and ~116% this year. With a market cap of $4.27 billion, it has secured the 23rd position in the global crypto list. The MACD indicator displays an increase in the green histogram, suggesting a positive outlook for Bittensor's price in the coming week.

Render (RENDER) Analysis

Despite recording a drop of 15.64% over the past week, the RENDER token has jumped 6.38% over the past day with a trading volume of $315.27 million. It has added 15.76% to its valuation during the past month and has a YTD return of 19.35%. The Relative Strength Index (RSI) remains close to its neutral point in the 1D timeframe, indicating the potential for further price gain.

Phoenix (PHB) Trends

Amid increased uncertainty, the PHB price has added ~10% to its portfolio in the past day with a trading volume of $15.33 million. It has soared 57.86% during the past month and 68.81% this year, with a market capitalization of $95.53 million, securing the 369th position. The EMA 50/200-day records increased bullishness and display a high possibility of a Golden Cross in the 1D time frame. The MACD indicator shows a constant green histogram.

AI tokens such as Bittensor, Render, and Phoenix display potential for significant growth amid the current market volatility. Investors are keenly watching these assets to assess their future prospects.