Top 3 Artificial Intelligence (AI) Coins of the First Week of July 2024

full version at beincrypto

The Artificial Intelligence token space has surged considerably this year, and the beginning of Q3 witnessed a major event in this industry.

BeInCrypto has put together a list of tokens that not only performed well during this bearish week but also deserve investors’ attention.

Zignaly (ZIG)

Zignlay’s 2.5% price rise was the best performance by an AI token this week. The crypto asset’s early rise during the previous weekend countered the decline over the last four days. ZIG is thus currently changing hands at $0.105.

It is attempting to close above the crucial support at $0.105, one that has been rested as resistance in the past. Securing it as support would enable recovery towards $0.112.

ZIG Price Analysis. Source: TradingView

However, failure to do so would mean additional potential losses for the token. A drop to $0.093 is likely, and the same would invalidate the bullish thesis.

Aethir (ATH)

While Aethir is a newly launched token, despite its strength, it has not conceded to the broader market trends. Trading at $0.066, ATH’s price is looking at consolidation over a decline.

This consolidation range spans between $0.077 and $0.063. The altcoin, still a newcomer in the space, aims to facilitate DePIN’s role as a GPU cloud computing aggregator. Given DePIN’s considerable demand over the past few days, ATH is saved from losses.

ATH Price Analysis. Source: TradingView

Nevertheless, if ATH’s price were to drop below the support of $0.063 again, a drawdown to $0.057 is likely. Losing it would invalidate the consolidation thesis.

Artificial Superintelligent Alliance (ASI)

The Artificial Superintelligent Alliance is one of the biggest events in the AI sector this quarter. As Ocean Protocol (OCEAN) and SingularityNET (AGIX) merged into Fetch.ai (FET), their collective identity has been converted into ASI.

They began the token merger this week and expect to complete it by mid-July. Until then, the Artificial Superintelligent Alliance will trade under the FET ticker. This altcoin, which now holds a market capitalization of almost $3 billion, has become the second biggest asset in the AI token market.

However, FET remained consolidated between $1.7 and $1.0 as the merger’s bullishness encountered resistance from the broader market decline.

ASI Price Analysis. Source: TradingView

Therefore, this consolidation will continue in the coming days until the merger is completed, and the resulting bullishness will help FET break out of it.