AI Coins Pumping As Fetch.ai, Injective, WienerAI See Gains
The post AI Coins Pumping As Fetch.ai, Injective, WienerAI See Gains appeared first on Coinpedia Fintech News
AI coins have resurfaced as one of crypto’s top-performing asset classes today, with projects like Fetch.ai and Injective booking solid gains. Meanwhile, the new presale AI project WienerAI is also showing bullish momentum, with its total raise approaching $6 million.
AI Cryptos Boom as Market Selloff HaltsThe crypto market has found its footing after a week of selling pressure, providing AI coins with bullish momentum.
Following Fed chair Jerome Powell’s enlightening words at Wednesday’s FOMC meeting, the crypto market has seen a 0.4% uptick.
However, all eyes are on AI cryptocurrencies, with CoinMarketCap reporting the sector’s valuation has jumped by 3.3% today.
This comes as chip manufacturer Nvidia continues to gain pace in the stock market. It is currently trading at an all-time high (ATH) and up 38.5% this month.
AI agent-focused cryptocurrency Fetch.ai has enjoyed a 6% rise today, recovering some losses from the recent market-wide selloff.
Meanwhile, the DeFi-focused blockchain, Injective Protocol, which leans on AI to improve market efficiency and optimize decision-making processes, has posted a 12% gain today.
Injective has remained sheltered from crypto’s recent selloff, up 34% this month.
Other large-cap AI cryptocurrencies have also made strong gains today. Currently, Render is up 6%, Bittensor is up 6%, and SingularityNET is up 4%.
In a recent analysis, Crypto Vikings predicted that Fetch.ai will continue to trend upward, noting it is approximately 50% of its ATH, which presents good value for new buyers.
$FET
– AI Blue-chip coin and AI sector has still a lot of potential growth
– Already corrected more than 50% which is a juicy dip and proven to be a very profitable strategy to buy trendy Blue-chip coin at 50% discount
– Merge very soon to ASI (bottom event)
I bought lots of… pic.twitter.com/9XqUte5aLp
In reply to a comment on the tweet, the analyst suggested Fetch.ai could see up to 20x gains this cycle.
Moving to Injective, Altcoin Miyagi hailed it as having “one of the most bullish charts in crypto right now” and suggests it is going “so much higher.”
