As Fetch.ai Price Rallies Higher, This Under-the-Radar Crypto Is the Next AI Meme Bet
Fetch.ai ($FET), a $4.15 billion market cap token that is the second biggest AI coin in crypto, is up around 30% overnight, far outpacing gains posted by any other top 100 cryptocurrency today.
At the time of writing, Fetch.ai is up 30% since its price this time yesterday.
However, its explosive overnight price movement has done little to advance its price from last Thursday. The token trades at roughly the same price it was last week: around $1.65.
Not only has Fetch.ai outpaced market leader Bitcoin ($BTC), which only grew in price 1.6% overnight, but it has also beaten the biggest AI coin; Near Protocol’s $NEAR token rallied an impressive 9.4% and currently changes hands at $5.46.
Fetch.ai’s rally was prompted by a recent announcement that fellow AI coins Ocean Protocol ($OCEAN) and SingularityNET ($AGIX) will merge to $FET on July 15. Leading crypto exchange Binance announced support for the merger last weekend.
While the upward price action appears to have been delayed, whales are evidently buying up all three tokens right now. $AGIX is up 26% overnight, while $OCEAN rallied 24%, according to CoinCodex.
From mid-April through May, Fetch.ai seesawed between its $2 support level and resistance at $2.50, as indicated by the respective green and red lines.
At the close of the first week of June, the token spiraled downwards, exaggerating a similar trajectory posted by Bitcoin.
Last night’s whale purchase has lifted $FET back above its three-month low of $1.19, posted yesterday, but it has some way to go before it recaptures the $2 mark.
Its relative strength index (RSI) briefly shot up to 80 overnight, but it has since returned to the healthy range, indicating some profit-taking took place to help the token consolidate its current position.
Going into the weekend, Fetch.ai looks relatively stable.
Beyond Fetch.AI: Artificial Intelligence Merges With Meme Coins in WienerAI
AI coins are merging blockchain with artificial intelligence to unlock the full potential of Web3, however a new generation of coins like ScottytheAI and WienerAI are bringing AI utility to the viral world of meme coins to unlock some potentially explosive upside potential.
On the surface, WienerAI looks like another dog-themed meme coin, but it’s much more than that.
It’s a next-generation crypto project that utilizes viral marketing strategies to offer crypto fans a high-value proposition: the most advanced, beginner-friendly AI trading bot in crypto.
The presale is beginning its third month, and it has already taken a tidy $6 million in investments.
We've just raised $6M 🌭🚀
Thank you to our incredible community! Get ready for more exciting adventures with this little Wiener 💥🐾 pic.twitter.com/O6AdG6xrhE
— WienerAI (@WienerDogAI) June 18, 2024
Touted as a “Revolutionary AI Trading partner”, WienerAI ($WAI) is a digital companion that gives its owners user-friendly AI-enhanced trading advice, seamless swap functionality and zero fees.
Moreover, Blockchain security platform Coinsult audited WienerAI’s smart contract.
Around 20% of $WAI’s supply is for staking.
WienerAI’s website offers buyers the ability to stake during the presale in order to take advantage of the mouth-watering yield, which is currently 189% APY.
This makes $WAI potentially more of a consumer favourite than coins like Fetch.ai.
The token currently sells at a fixed presale price of $0.00072 on the website. Interested investors have a little a day to buy in before it rises to the next fixed price. When the presale ends, the sky’s the limit on potential appreciation.
Keep on top of WienerAI news over on X and Telegram.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
