Render and Bittensor Lose Momentum as AI Cryptos Run Out of Steam, Capital Moves to New Cheap Altcoin
The AI crypto market is losing steam due to the underperformance of notable cryptos in July. Investor confidence, a pivotal driver for bull rallies, has waned in the AI cryptos, leading to a decline of over 4% in the market’s value. Notably, Render (RNDR) and Bittensor (TAO) have declined significantly, with price drops displayed on the weekly and intraday charts.
Contrarily, an emerging AI-powered marketplace DTX Exchange (DTX) has grabbed a massive $100,000 in the past 2 days amid a successful batch 2 presale. The project grabs eyeballs due to its industry-relevant features, global scope, and cutting-edge technology to transform conventional trading schemas, surpassing the potential of Render (RNDR) and Bittensor (TAO).
Render (RNDR) Price Plummets 14% Amidst Sell-Offs
Render (RNDR) is one of the largest AI cryptos with the capacity to lead bull runs for the broader AI sectors. After the rebranding, Render (RNDR) has faced high market volatility and surging selling pressures. RNDR whales are dumping massive amounts following lower traffic and a 14% monthly decline in the price.
Moreover, IntoTheBlock data indicated a significant drop in daily active and new addresses last week. Technical indicators suggest a bearish turnover for the Render (RNDR) token and investing big in the AI crypto can result in significant losses. The price of Render (RNDR) can break the $6 support level and retrace to the $5.6 support level if bulls fail to regain control.
Bittensor (TAO) Battles Bears: $300 Support Level is Next
Bittensor (TAO) is another top open-source protocol for blockchain-based machine learning networks with a $2 billion market cap. Bittensor (TAO) has disappointed investors with a prolonged bearish movement, displaying a 4.7% decline on the intraday chart and high market volatility as investors sell Bittensor (TAO) tokens to mitigate losses.
Bittensor (TAO) has tried to test the $330 resistance in the past few days, though failing to sustain due to immediate bears and FUD. Analysts suggest caution to investors as Bittensor (TAO) is still under notable bears and the price momentum can lag, triggering a significant price downtrend toward the $300 support level in the upcoming days.
DTX Exchange Sets New Standards With 1000x Leverage
Among the emerging marketplaces set to transform the trading schemas in 2024 is DTX Exchange (DTX). This new hybrid trading platform has grabbed significant market traction with its 1000x leverage feature that empowers traders to gain higher market positions without loans or committing their own money to maximize profits.
Among the best features include the platform’s security protocols and the hybrid passive income model through distributive liquidity pools and staking, letting users engage in secure and seamless trading. DTX Exchange offers non-custodial wallets to mitigate the risks of any potential security breach and let users maintain full control of their private keys and digital assets.
With over $1.1 million raised in batch 2 of the public presale, the DTX Exchange is poised to be a game-changer in the AI sector due to its AI-backed technologies and advanced automation strategies for traders of all levels. DTX tokens priced at $0.04 are ready for a bullish rally beyond $1 once the presale ends, promising 100x returns to early buyers.
DTX Exchange Reshapes TradFi Sector With AI-Driven Platform
To compete with giant projects like Render (RNDR) and Bittensor (TAO), DTX Exchange leverages an evolving sector where the use cases of artificial intelligence are still not applied to their full potential.
DTX Exchange provides a unique value proposition to retail and institutional traders, allowing them access to AI-backed advanced automated trading with algorithmic and quantitative trading approaches. Joining the presale of the next biggest AI-powered marketplace is the best decision to make right now.
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