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Top 5 AI-Based Cryptocurrencies for Investment Today - AGIX, ROSE, FET, GRT, and OCEAN

Mar 31, 2024

Fueled by advancements in artificial intelligence, a new wave of cryptocurrencies is gaining momentum. These AI altcoins are proving to be popular in the market due to their potential for future growth. They are believed to have a quicker recovery rate compared to other cryptocurrencies.

Investors are increasingly interested in AI coins, especially those that have shown strong performance recently.

SingularityNET (AGIX)

SingularityNET (AGIX) has seen significant price surges in recent months, although there have been moments of volatility. Despite fluctuating prices, there is high demand for AGIX, with prices ranging between $0.90 and $1.47 in March. Technical analysis indicates a potential price decline even with a current high of $1.31, signaling a loss of momentum. A double-top formation is speculated at the current price of $1.28, but further confirmation is needed.

The trading volume of AGIX is noteworthy at $183 million over 24 hours, given its $1.6 billion market cap. However, there are forecasts of a possible correction with a potential 30% drop to $0.90 due to increased selling pressure. On the flip side, an overall positive shift in the crypto market could lead to AGIX's price climbing higher if it finds support at $1.47. Merger rumors involving AGIX and two other AI-focused altcoins are circulating.

Oasis Network (ROSE)

Oasis Network (ROSE) is a blockchain platform that prioritizes security, scalability, and user privacy. With market capitalization surpassing $917 million and a growth rate of over 15% in the past month, ROSE has caught the eye of investors. The network's future looks promising, especially with upcoming developments like integrating with other blockchains.

The sharding technology of Oasis Network speeds up transaction processing by running them across multiple parallel blockchains simultaneously. The native token, ROSE, is central to the network's operations, allowing holders to participate in governance and earn rewards through staking.

Ocean Protocol (OCEAN)

Ocean Protocol (OCEAN) presents a compelling investment opportunity with a market capitalization of $740 million and high daily trading volume exceeding $67 million. The token's price has witnessed a significant surge, signaling potential for future gains. Noteworthy is the volume-to-market-cap ratio of OCEAN, hinting at significant growth possibilities compared to competitors.

Fetch.ai (FET)

Fetch.ai (FET) has experienced a remarkable 700% increase in token price over the past year, elevating its market cap to $2.7 billion. With high trading volume exceeding $300 million, Fetch.ai has shown continued investor interest. A recent collaboration forming the Superintelligence Alliance aims to lead AI research and development.

The Graph (GRT)

The Graph (GRT) provides a crucial indexing protocol for blockchain and decentralized applications. Despite experiencing challenges during the previous market cycle, recent returns reflect a positive trend. The importance of The Graph within the blockchain space makes it an intriguing option for investors looking for long-term growth opportunities, despite low trading volumes.

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