Altcoins
Doubtful Artificial Intelligence (AI) Altcoins, Here Are 3 Cryptos to Buy for 100X Potential
THE artificial intelligence The AI discourse is raging in almost every sector of the global economy. Big Tech has spearheaded many profound developments in the sector with companies like OpenAIMicrosoft, Google and Meta compete to release the best AI tools.
Investors in the crypto sector are not left out either, especially with projects combining artificial intelligence and decentralized blockchain protocols gaining popularity.
However, not all AI-based crypto projects will stand the test of time. For this reason, it might be prudent for investors to consider other strong crypto projects ahead of the expected 2024 surge.
1. Notcoin (NOT) Rallies Thwart Artificial Intelligence Crypto Projects
Notcoin price saw a sharp rise from $0.005 to above $0.026, indicating significant bullish momentum. This upward trend suggests increased investor confidence and potential further gains in the near term.
Notcoin surged over 190% over the past week, reaching an all-time high of $0.02644 on June 2. Integrated as a Telegram mini-app, Notcoin quickly gained popularity, amassing over 30 million users on Telegram in two months. Since its launch, Notcoin has seen a price increase of over 144%, making it the top trending altcoin.
Notcoin Price Chart | CoinGecko
The current upward trend, NOT show strong bullish momentum, indicating a potential entry into a bullish phase. The cryptocurrency is poised to challenge the $0.03 resistance level soon. If this dynamic continues, NOT the price could rise as high as $0.05, possibly reaching $0.1 during the next bull run.
2. Terra Classic (LUNC)
Based on data from CoinMarketCap, a correction of 1.55% in the last 24 hours demonstrates a growing influence of sellers. However, with trading volume increasing by 8% to $27 million, interest in the token is increasing.
Terra Classic boasts a market capitalization of $676 million, ranking it 118th among other cryptocurrencies. The token has a circulating supply of 5.79 trillion and a total supply of 6.79 trillion.
LUNC Price Prediction Chart | Commercial view
Cohesive network development, supported by initiatives to increase the efficiency of LUNC and USTC (the leading tokens in the ecosystem), is another force that could propel the next move north.
For example, the developers released a new update for the network dubbed v3.0.1 on June 2. According to the announcement posted on X, it was “time to upgrade the network.” Terra Luna Classic blockchain and continue recovery efforts.
The Moving Average Convergence Divergence (MACD) reinforces the bullish thesis. However, the MACD line must hold above the signal line to validate the same bullish outlook. Ultimately, this will encourage more traders to trust LUNC and push for a 65% breakout to $0.0002.
3. GameStop (GME)
GameStop is a meme coin that was recently created to pay homage to the GameStop Corp (GME) action. Considered a meme stock, GME is attracting immense interest from investors targeting drastic price increases. The meme coin is now trading at $0.012 after another attempt to mirror Monday’s gains suddenly stopped at $0.014.
GameStop (GME) Price Chart | Commercial view
The Moving Average Convergence Divergence (MACD) indicator is validating a short-term bearish outlook. Traders would watch for the blue MACD line to cross below the orange signal line, thus validating the slowdown. The reduction in histograms to the neutral line further strengthens the bearish hold on GME.
Trading below the daily open of $0.014 is another bearish signal to consider when trading GameStop crypto. If support at $0.01 holds, a rally could ensue, triggering another rally to $0.0185.
Conclusion
Artificial intelligence is one of the trends in the crypto market. This is bound to attract immense attention, but with it comes increased volatility. Therefore, it might make sense to diversify, reducing reliance on artificial intelligence projects, in favor of established cryptocurrencies to buy like LUNC.
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