The market capitalization of the cryptocurrency sector utilizing artificial intelligence and big data has significantly increased, attracting investor attention toward tokens in this area. This article examines three key projects: Bittensor, NEAR Protocol, and Internet Computer.
Bittensor (TAO)
Bittensor is a decentralized machine-learning network. Currently, its market capitalization is around $4.1 billion.
Recently, Bittensor's price surged past key EMA levels, supported by bullish MACD and AO signals, alongside an increase in trading volume. CMF is also rising, currently standing at 0.27, which is a significant recovery from a 30-day low of -0.23.
Interestingly, the RSI is in overbought territory, indicating potential for further upward movement. If the momentum continues, analysts suggest that TAO’s price could reach $500 in July and potentially $1,000 by year-end.
On July 16, Bittensor's price shot past $440, representing a 9% increase in a single day and a remarkable 45% rise over the past 30 days.
NEAR Protocol (NEAR)
NEAR Protocol has also made headlines, gaining more than 8% in just 24 hours and over 45% in the past 30 days after finding support at the $1.90 level.
Currently trading around $2.68, NEAR boasts a market cap of $3.32 billion. Technically, NEAR is pushing against its upper Bollinger Band, exhibiting bullish crossovers in MACD with a rising histogram at 0.058.
Moreover, the AO histogram is currently at 0.334, indicating increasing bullish momentum throughout July. The CMF recently spiked to 0.25 from 0.04 this week, recovering from a previous low of -0.20 over the past 30 days, which indicates rising money inflows into NEAR.
The RSI stands at 66.95, suggesting that the strength has not faded and there is still room for another push. Analysts forecast that NEAR could potentially reach $3.50 before the RSI turns overheated.
Internet Computer (ICP)
Internet Computer (ICP) is gaining traction as it enables full-stack AI deployment directly on-chain, enhancing its relevance in the current market.
In the last 24 hours, ICP crypto price grew by more than 6%, currently trading at $5.56, with a market cap of approximately $2.97 billion.
Technical charts reveal a pattern of higher lows and consistent green buy bars over the past 30 days, originating from a key multi-month support level at $4.50.
The overall structure indicates that ICP has long remained within Bollinger Bands, and a breakout from the upper band could signal stronger momentum ahead. If on-chain AI deployments accelerate in the second half of the year, ICP stands to benefit significantly.
The cryptocurrency market utilizing AI integration shows significant growth, evidenced by increasing market capitalization and interest in specific projects. Bittensor, NEAR, and Internet Computer remain in the spotlight for analysts and investors, offering various growth opportunities in the future.
