10 days ago • cryptodaily
Crypto AI spikes post debt ceiling agreement
A debt ceiling agreement appears to have been reached, but a vote is still needed. Crypto AI tokens are rising strongly.
Still some way to go to agree debt ceiling
Amid mutterings of discontent about the debt ceiling deal, especially on the Republican side, the issue is due to be put before the House. Republican lawmaker Chip Roy put it into perspective by remarking in a tweet on Sunday:
“they haven’t been educated yet on what a t*rd-sandwich this “deal” is. They will be.”
Republicans and Democrats need to get the deal voted on and passed by June 6. Should they fail to do so, a most unlikely scenario, the US government would default on its debt for the first time in history.
Crypto is a hedge out of the debt debacle
Bitcoin and crypto are receiving an advantage of the uncertainty as investors dip their feet into the asset class in order to diversify and hedge their risk.
However, it’s not the entire crypto sector that is benefiting. Bitcoin and ethereum are looking strong, as are some of the more fundamentally sound tokens, although the sector as a whole is still flat after the crypto rally from the beginning of the year - that is with the exception of the artificial intelligence niche.
AI tokens make strong moves to the upside
Certain of these AI tokens have surged considerably today. Ocean (OCEAN) has been one of the most prominent of the AI crypto tokens to make some great gains in the last several hours. From a price of $0.34 OCEAN rose as high as $0.39 - a 14% increase. Now the token looks to be forming a flag at the upper limit of a trendline formed since early February. A further break to the upside is a possibility.
SingularityNET (AGIX) is another trendline breaker. It has managed 13% in all today, but the price is still to come back and retest the trendline before potentially going much higher.
Possibly the most successful of the AI tokens so far today is Matrix.ai (MAN). MAN surged more than 30% in just the last two hours, taking it to a price of just under $0.32. The price has since returned to $0.30, but there does appear to be more in the tank for a potential move higher.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
11 days ago • cryptodaily
Crypto AI narrative is the strongest right now
As the crypto bull market sputters into action one niche that looks strong right now is crypto AI.
Bitcoin makes it possible
Bitcoin has broken out of its slow grind to the downside, and positive price action saw the king of the cryptocurrencies correcting back to the upside from last Thursday, culminating in a strong green candle on Sunday that took bitcoin back above $28,000.
While bitcoin has been doing its part in regaining lost momentum for the crypto sector, a certain niche within crypto looks to be the one to lead the rest into the next crypto bull market - economic factors allowing.
AI is a strong crypto niche
This is the niche of artificial intelligence (AI). Obviously, in the traditional financial world outside of crypto, AI is just about the strongest narrative there is, with the likes of ChatGPT becoming even more powerful, and other competitors now coming into the AI field.
Artificial intelligence has its own niche within crypto with the likes of data marketplaces, graphic rendering, and the utilisation of global computing power providing compelling use cases.
The crypto sector has already experienced how AI can drive the industry forward, given that from early January it did just that by hugely outperforming all other niches in crypto.
The likes of SingularityNET (AGIX), Fetch.ai (FET), and Ocean (OCEAN) made gains of 1400%, 575%, and 400% respectively from the beginning of 2023, and made those gains in only around five weeks. Render (RNDR) is another cryptocurrency that is becoming a giant in the AI niche, putting on 445% for the same period, but increasing that to 635% from early March until now.
AI crypto coins with potential to go much higher
There are various other AI coins in the niche that are also primed to break out and potentially storm higher over the next few weeks and months, as long as sufficient liquidity remains in the crypto sector.
Matrix AI (MAN) put on nearly 1300% since mid November of 2022, and following a 76% correction it looks primed to move higher again. MAN broke through a trend line going back to mid March earlier today. It has since come back to retest this line so it will be interesting to see if it now moves higher.
Artificial Liquid Intelligence (ALI) was another powerfully thrusting AI crypto and gains of 1230% were an excellent return for only five weeks. A deep, nearly 85% correction followed, and now ALI has woken up and has broken up through the downward trendline in force since its top in early February this year. A retest of the trendline has already taken place and ALI has seen a cross up from the bottom on the large weekly timeframe of the Stochastic RSI momentum indicator. This coin may have the potential to go much higher now.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14 days ago • nulltx
SingularityNET Price Analysis & Prediction (May 26) – AGIX Establishes Support After 60% Correction, Is The Bottom in?
Just today alone, SingularityNET price went up by 13% following a significant volume inflow in the past hours. It has formed a bullish pattern on the lower time frame, looking set for a rally. In the first quarter of the year, the price of AGIX rallied by over 1000% to $0.668. It encountered resistance and halted the […]
20 days ago • cryptodaily
AI to lead the next crypto bull rally
AI cryptocurrency tokens took off to the upside on Friday. Will they spark the next phase of the bull rally?
An AI led bull rally
The crypto bull rally that started at the beginning of this year was very much led by a strong artificial intelligence (AI) narrative. ChatGPT was out in the public arena and much polemic debate raged over its use.
As the interest in AI continued to gather momentum, the focus turned to the cryptocurrency sector and its obvious capability to integrate AI and use its own particular technology innovations to find novel use cases.
According to Coingecko, the AI crypto category currently has a market cap of around $2.6 billion. Back in early January this would have been a lot less and value investors saw the potential in buying up several of the crypto AI tokens.
Massive AI token surge
One of the biggest recipients of this buying spree was SingularityNET ($AGIX). $AGIX went from a value of $0.0450 on January 1, to $0.622 on February 8, a whopping gain of 1400%.
Fetch.AI ($FET) was another AI token that rose in tandem with $AGIX. $FET put on 586% for the same time period, but if it was taken into account that its bottom was in late November 2022, its actual gain could be measured at 1068%.
However, both of these tokens, plus most of the other AI tokens descended from their dizzy heights in early February, first descending precipitously, and then grinding down over the last 3 months to arrive at what could now be an AI token bottom.
Technical indicator bottoms
When looking at technical analysis, the higher time frames give the much truer picture of price action. In this respect, the weekly Stochastic RSIs (a momentum indicator) have bottomed for some of the AI tokens, implying that they are now extremely oversold, and with some of these a crossover has now taken place.
$AGIX was the first AI token to lift off, and started its rapid breakout on late Thursday afternoon. It surged 30% in a period of only 24 hours, hitting $0.32. Since then $AGIX has come back to touch the trendline it broke out of - a trendline that has been steadily following downwards since March 18.
A cross up has taken place on the weekly RSI and it now remains for the oscillator to cross the 20 line to really signal the start of the strongest momentum that can send AGIX back to its double top at $0.66.
Many of the other crypto/AI-related tokens are likely to follow suit and it will be very interesting to note which of them might take the lead from SingularityNET.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
28 days ago • cryptodaily
Global Crypto Market Jumps 35% in March – Take Advantage and Buy These 5 Cryptos Now!
The crypto market has been buzzing this month! The global market has witnessed a remarkable growth of 35%, prompting investors to actively seek out the next major opportunity to invest in.
This article will go over five cryptocurrencies that have the potential to become successful in the market in 2023.
Here are the top Cryptocurrencies to buy now:
1. The Sandbox (SAND): Join The Blockchain Gaming Revolution
2. Uwerx (Werx): Empowering Freelancers To Reach New Heights
3. Floki Inu (FLOKI): From A Tweet To A Thriving Crypto
4. Access Protocol (ACS): Unlock the power of blockchain
5. SingularityNET (AGIX): Invest in the power of decentralized AI
The Sandbox (SAND): Join The Blockchain Gaming Revolution
The Sandbox (SAND) is a cryptocurrency asset built exclusively for creatives and developers, providing them with autonomous ownership of their works.
The Sandbox (SAND)’s market entrance generated a stir because of its unique concept of empowering users to take complete control and earn rewards through participation in the NFT sector.
As of now, The Sandbox (SAND) is trading at $0.505666, with a 24-hour trading volume of $74,665,346. According to market predictions, The Sandbox is expected to reach a minimum level of $1.16 by 2024 due to its continuous adoption.
Floki Inu (FLOKI): From A Tweet To A Thriving Crypto
Floki Inu (FLOKI) is a cryptocurrency that belongs to the group of tokens inspired by Dogecoin and Shiba Inu. Floki Inu (FLOKI) was created after a tweet by Elon Musk, in which he mentioned that he had a new pet dog called Floki, a Shiba Inu (SHIB) breed.
A team of developers seized this opportunity and turned it into a new crypto project, which attracted many investors.
Floki Inu (FLOKI) is currently trading at $0.00003584 and experts predict that the price of Floki Inu (FLOKI) will reach $0.00001287 by 2024 as more users are getting attracted to the project.
Access Protocol (ACS): Unlock the power of blockchain
Access Protocol (ACS) provides an innovative approach for digital media publishers and creators to earn money from their work. Instead of the conventional method of subscription payments, users can use the Access Protocol (ACS) token to gain access to high-quality digital content.
At present, the price of Access Protocol (ACS) is $0.004216, and it is anticipated to reach $0.028 by 2024. Over the last 24 hours, Access Protocol (ACS) has gained 5.11%. Moreover, the news that UpBit, a cryptocurrency exchange, is now supporting Access Protocol (ACS) is excellent news for traders.
SingularityNET (AGIX): Invest in the power of decentralized AI
SingularityNET (AGIX) is a prominent decentralized initiative that seamlessly blends artificial intelligence and blockchain technology. It operates as a decentralized platform for AI algorithms where developers can create, distribute, and monetize AI services.
As of today, SingularityNET (AGIX) price stands at $0.244660. Experts predict that by 2024, SingularityNET (AGIX)'s minimum value will reach $0.73. Given the increasing demand for AI and blockchain, SingularityNET (AGIX)'s market share is expected to grow even further.
Uwerx (Werx): Empowering Freelancers To Reach New Heights
Uwerx, the groundbreaking blockchain platform for freelancers, is taking the crypto space by storm. With a unique approach to freelance transactions, Uwerx will serve as a safe and secure intermediary between freelancers and clients, ensuring both parties are protected by its cutting-edge payment processing system.
But that's not all – Uwerx will change the game with its flat fee of just 1%, making it more affordable than traditional freelance marketplaces that charge exorbitant fees of up to 20%. And with InterFi Network and SolidProof approving audits of the project, users can be certain that their funds are in good hands.
What's truly remarkable about Uwerx is the team's commitment to investor protection. They will renounce contract ownership and implement a 25 years liquidity locking period post-presale, ensuring that investors' interests are protected and rug pulls are prevented.
The Uwerx (WERX) Presale Keeps Exploding
The Uwerx presale has been booming so far with the first and second stages finishing in 17 days and 8 days respectively. The third presale stage has begun, and on Saturday 29th April at 19:00 UTC, WERX has risen to $0.244 and the bonus on purchases will be decreasing to 20%.
Its also worth noting that Uwerx has been listed on Coinsnipper and has over 3,000 users so far. The Uwerx Vault has been unveiled on Friday 28th April, and users will can store their WERX tokens in the vault for various lengths of time to get rewards based on the platform’s variables.
Analysts predict potential growth of up to $1.8 by Q3 2024 – a staggering 16,900% increase! Join the buzz and be a part of the future of freelancing with Uwerx.
Final Verdict
The crypto market is experiencing significant growth, and investing in cryptocurrencies such as The Sandbox (SAND), Floki Inu (FLOKI), Access Protocol (ACS), SingularityNET (AGIX), and Uwerx may prove to be profitable.
Don't miss the Uwerx presale and take advantage of the potential for high returns. Invest now and secure your future.
Act fast, click the links below to join the presale!
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
35 days ago • cryptodaily
Bitcoin and AI-related altcoins preparing to rip higher
The cryptocurrency market is simmering away, waiting for a sharp breakout that will propel it into a new bull run. AI could lead the charge.
Bitcoin breakout soon?
Those who experienced previous bull markets may say that the crypto space is a trifle boring right now. Yes, bitcoin did rise over 100% since the beginning of the year, but apart from the odd surge up or down, it has generally moved sideways.
A downward trendline has formed for bitcoin since its high for this rally earlier in April. On the weekly time frame there have now been 4 touches of this line so a breakout could be on the cards for next week as long as the price stays around the current level of $29,000.
AI narrative remains strong in crypto
Looking at the altcoins, it can be noted that for several of them the higher, weekly time frame Stochastic RSIs are either at the bottom, or are close to coming down and resetting.
It might be further noted that of these coins, several of them are AI-related. It must be remembered that some of the AI (artificial intelligence) coins were among the best performers over the whole of this latest crypto rally which topped in early February.
$AGIX was the most successful among them. From lift-off on January 2 of this year, $AGIX rose 1,370% in only 6 weeks. Since that time it has drifted sideways and down, coming down to almost touch the 61.8 Fibonacci level.
$AGIX has nearly come back down to this level again, which has good support, formed back in 2021, with the added attraction that the weekly time frame Stochastic RSI is at the bottom and just waiting for a cross up.
Fetch.ai ($FET) was another bright star of the AI altcoins. $FET achieved 520% over the same time period as $AGIX, but if one was to take into account that it started its surge back in November then this would give it a rise of 1,060%.
One further AI-related altcoin that could start another surge soon is Alethea Artificial Liquid Intelligence ($ALI). Since the beginning of the year this coin surged 1,171%, but like $FET, if you take it from the low, it rose over 1,900% since early November.
It must be noted that many factors need to be taken into account before trading any cryptocurrencies. World financial markets and new regulatory impositions are also part of this.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
42 days ago • nulltx
Enjoy Secure Investment Opportunities And Massive Rewards With Sparklo (SPRK) Over SingularityNET (AGIX) And Litecoin (LTC)
If you’re interested in new crypto projects with great promise, Sparklo is worth checking. This innovative token, backed by physical gold and other precious metals, offers unique tokenomics and strategic partnerships that set it apart from the competition. Sparklo stands out as a promising contender for investors seeking massive growth potential. In this article, we’ll […]