Tag Archives: AGIX

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RENDER Soars 30% In A Week, Experts Predict A Massive Pump

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The Render Community noticed a outstanding efficiency final month after the finalization of its token rebrand. Its bullish rally was halted in August because of the market retraces, which made the cryptocurrency’s worth tumble beneath the $4 mark.

Nonetheless, its most up-to-date efficiency skyrocketed the worth by over 33% previously week. Some analysts imagine there’s a catalyst that would drive the worth towards an enormous pump within the coming days.

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RENDER Skyrockets 30% In 7 Days

Following its rebrand, AI token RENDER noticed an enormous 140% enhance in every day buying and selling quantity. Its worth surged practically 20% towards the $7 resistance degree, thought-about a “nice shopping for alternative” for some traders and analysts.

Nonetheless, the crypto market downturns hindered the token’s efficiency, making it plunge over 27% initially of the month. All through the next weeks, RENDER moved sideways between the $4.3-$5 worth vary however began to realize momentum within the final seven days.

The cryptocurrency registered a outstanding worth motion, surging 33% final week. RENDER’s pump propelled its worth above the $5 vary, which resulted within the retest and breakout of the descending higher trendline of its multi-month downtrend.

The bullish momentum continued because the token retested and efficiently reclaimed the $6 resistance degree. Consequently, the token noticed a 50% worth enhance over the weekend, buying and selling between the $6-6.5 worth vary since its soar.

Regardless of this, the token registers a gentle 2.8% lower within the final 24 hours, presently buying and selling at $5.95, seemingly fueled by the most recent market retrace.

NVIDIA’s Report: The Catalyst For A Huge Rally?

A number of market watchers predicted the token would possibly see an enormous pump within the coming days. RENDER has pumped, alongside a lot of the AI token sector, forward of NVIDIA’s Q2 earnings report, famous some analysts.

Prior to now week, cryptocurrencies like FET, AGIX, and OCEAN have seen a 46.2%, 53.9%, and 46.3% surge, respectively. Dealer and investor Crypto Rand urged traders to “preserve an in depth eye on the $NVDA outcomes” as they might be the “catalyst” for an enormous rally. He additionally prompt that RENDER was “consolidating properly after the breakout.”

Equally, NoBSCrypto podcast’s host, Kyren, considers that traders must be bullish in regards to the upcoming report. The NVIDIA Q2 earnings report is scheduled for Wednesday, August 28, and might be “the PERFECT catalyst” for Render’s breakout above the $6.5 degree.

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Kyren highlighted that the token has been in a multi-month falling wedge sample, dropping over 55% of its all-time excessive (ATH) worth. Per the publish, RENDER may gain advantage from its “shut connections to NVIDIA,” which might seemingly present “some extra correlation similar to earlier than.”

A constructive affect from the report might propel the cryptocurrency to a $10 goal earlier than transferring towards new heights. Nonetheless, different market watchers imagine a retrace to the $5.2 vary might come earlier than the bullish rally.

RENDER’s efficiency within the weekly chart. Supply: RENDERUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

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FET Drops 9% As ASI Token Merger Phase 1 Kicks Off

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The Synthetic Superintelligence Alliance (ASI) kicked off section 1 of its token merger course of. The challenge just lately introduced the start of the migration course of with the delisting of Ocean Protocol (OCEAN) and SingularityNET (AGIX) from crypto exchanges. Nevertheless, FET is dealing with some stress following its rebranding and provide replace.

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ASI Token Merger Section 1 Begins

On July 1, the ASI alliance and Fetch.AI (FET) introduced the multi-token merger to unify OCEAN, AGIX, and FET. As a part of section 1, withdrawals and deposits with OCEAN and AGIX would shut in preparation for the migration to FET.

Moreover, the delisting course of from crypto exchanges would start for the 2 tokens. In the meantime, FET would proceed to commerce as ordinary, with spot and perpetual buying and selling persevering with below the identical tricker.

The preliminary section of the merger goals to “onboard exchanges and information aggregators for a clean transition.” Fetch.AI noticed a rebrand throughout platforms. The challenge took the Synthetic Superintelligence Alliance identify and emblem however saved its ticker.

Furthermore, the ASI alliance opened a migration platform on the SingularityDAO dApp to assist customers migrate their tokens. Some crypto exchanges, together with Kraken and Coinbase, revealed they’d not assist clients on the ASI token merger.

Kraken introduced that the buying and selling of OCEAN and FET will proceed to be supported on the platform till additional discover. The alternate additionally famous that customers should withdraw their tokens to a self-custodial pockets emigrate them.

Equally, Coinbase knowledgeable its customers that it selected to “not execute the migration of those property on behalf of customers.” Each exchanges additionally clarified they’d not assist the eventual migration from FET to ASI.

FET Retraces Following Rebrand

After updating the token’s identify, provide, and market capitalization, FET flipped Render (RNDR) within the AI tokens sector. In response to CoinMarketCap information, the token is now the twenty seventh largest cryptocurrency by market cap, with $3.38 billion.

Following the rebrand, FET’s value dropped equally to when the token merger delay information was launched. On the time, the merging tokens noticed an 8-10% value decline following the rescheduling of the merger. The delay was attributed to logistical and technical points.

FET fell from the $1.4 assist zone on Monday to $1.27, a 9.7% drop in 12 hours. Nevertheless, the AI token has recovered the $1.3 mark, at the moment buying and selling at $1.33, representing a 3.6% decline within the final 24 hours.

Some market watchers discovered this efficiency disappointing. Some buyers consider it is perhaps greatest to not get entangled till the merger is accomplished. Sjuul Follings, crypto dealer and founding father of Alt Crypto Video games expressed his disappointment with the token’s latest fakeout.

Per the dealer, he was optimistic in regards to the late June value motion, believing the token was about to interrupt out and broaden forward of the ASI alliance. Nonetheless, FET couldn’t reclaim the $1.8 assist zone and retraced to the $1.4 assist stage over the weekend.

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Regardless of the bearish pattern, buyers stay optimistic in regards to the token’s future because the merger’s section 1 is simply beginning. Some buyers forecast a short-term value goal of $5 for ASI and a long-term purpose of $13.

FET is buying and selling at $1.33 within the weekly chart. Supply: FETUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

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Nvidia Propels AI Crypto Tokens To Market Leadership: Here Are The Top 3 Winners

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Amid an general market downtrend, crypto belongings based mostly on synthetic intelligence (AI) have exhibited substantial beneficial properties, fueled by the AI frenzy permeating the standard finance and crypto markets. 

This surge has been additional augmented by the continual rally of tech firm Nvidia, which just lately claimed the world’s most beneficial firm title, with its hovering share worth reaching an all-time excessive.

Fetch.ai Rides Nvidia’s Success

Nvidia’s inventory, now valued at $3.34 trillion, has practically doubled in worth because the starting of the 12 months, surpassing the likes of tech giants Microsoft and Apple. 

This rise has been attributed to Nvidia’s dominance in offering the important chips required for synthetic intelligence, typically known as the “new gold or oil within the tech sector” by analysts.

Amidst these developments, AI-based crypto tokens have emerged as outperformers, overshadowing main cryptocurrencies which have skilled a pointy worth correction led by Bitcoin (BTC). 

Based on information from CoinGecko, notable gainers amongst AI tokens embrace Fetch.ai (FET), Singularity Internet (AGIX), and Ocean Protocol (OCEAN), with beneficial properties of 24%, 23.5%, and 22%, respectively, throughout the previous 24 hours alone.

On the one hand, FET skilled a major restoration and broke its downtrend following a considerable worth correction that introduced it all the way down to $1.10. Regardless of being down over 58% from its all-time excessive of $3.45 in March, blockchain analysis agency Home of Chimera highlights potential real-world use instances for Fetch.ai. 

As an example, FET’s autonomous brokers can optimize logistics by analyzing and predicting optimum routes, thereby lowering prices and bettering supply occasions. 

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With the rising curiosity in AI functions within the business and conventional finance, FET’s AI algorithms analyzing giant datasets could result in additional worth will increase within the coming months. Presently, FET is buying and selling at $1.44 with a market capitalization of $3.6 billion.

Lengthy-Time period Potential For AI-Primarily based Crypto Tokens

Equally, Singularity Internet’s native token AGIX has adopted an identical trajectory to FET, reaching a excessive of $1.46 in March however at the moment buying and selling 58% decrease at $0.6018. 

Nonetheless, the underlying makes use of of the protocol, centered across the creation and monetization of AI providers by its AI market, counsel the potential for vital beneficial properties and investor curiosity in the long run.

The native token of Ocean Protocol, OCEAN, additionally shows worth actions akin to these of AGIX and FET. Presently buying and selling at $0.6094, OCEAN has witnessed a buying and selling quantity improve of over 20% within the final 24 hours. 

The protocol’s open-source mannequin goals to facilitate the alternate and monetization of knowledge and data-based providers, with notable functions corresponding to operating AI-powered prediction bots or buying and selling bots on crypto worth feeds.

Finally, Chris Penrose, the worldwide head of enterprise improvement for telco at Nvidia, firmly believes in future worth beneficial properties for the complete AI sector, which is able to additional adoption of crypto AI-based tokens. 

Penrose expressed utmost confidence within the transformative energy of generative AI, emphasizing that buyers have barely scratched the floor of its influence on companies worldwide. 

Wedbush Securities, a famend monetary agency, echoed this sentiment by predicting an intense race within the tech sector. Nvidia, Apple, and Microsoft vied for a major $4 trillion market cap within the upcoming 12 months. 

Featured picture from DALL-E, chart from TradingView.com 

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AGIX Sustains Momentum Above 100-Day Moving Average

AGIX is among the main AI tokens within the crypto house with a complete provide of two billion, and a complete buying and selling quantity of over $105 million, which is over 11% down within the final 24 hours.

For over two days, the value of AGIX has been holding robust above the 100-day Easy Shifting Common (SMA). The token which has been on a downward ally for fairly some days, is displaying some indicators of worth reversal and if this occurs a change of course may happen and the value of AGIX will begin a brand new motion upward.

As of the time of writing, AGIX was buying and selling round $0.98817 above the 100-day easy transferring common, about 1.68% up within the final 24 hours. Presently, there are two most important resistance ranges of $0.99038 and $1.04237 and two most important help ranges of $0.82620 and $0.75779, respectively.

Technical Indicators Recommend Upward Rally For AGIX

4-Hour MACD: A technical have a look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending above the zero line, and each the MACD line and the Sign line have crossed and are trending above the MACD zero line, indicating a bullish development. This may be seen within the beneath picture.

4-Hour RSI: The formation of the Relative Power Index (RSI) within the above picture additionally means that the value of AGIX is bullish because the RSI sign line is seen trending above the 50% degree. This means that patrons are energetic out there due to this fact overpowering the energy of sellers.

Alligator Indicator on the 4-hour timeframe: A have a look at the alligator indicator from the 4-hour time-frame exhibits that the value is buying and selling above the alligator traces because the alligator lip and tooth have each efficiently crossed above the alligator jaw, suggesting that the value may proceed to maneuver in an upward course.

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Help And Resistance Ranges To Break

Conclusively, the value of AGIX is at present buying and selling across the $0.99038 resistance degree and if it manages to interrupt above this degree, AGIX’s worth will proceed to maneuver additional towards the $1.04237 resistance degree and if it breaks above this degree, an upward development may start. 

Nevertheless, ought to the value of AGIX fail to interrupt these resistance ranges, it should reverse and begin a downward motion towards its earlier help degree of $0.82620. If it manages to interrupt beneath this help degree, the value may transfer additional to check the $0.75779 help degree.

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AGIX buying and selling at $0.97865 on the 1D chart | Supply: AGIXUSDT on Tradingview.com

Featured picture from X, chart from Tradingview.com