Top 3 Artificial Intelligence (AI) Coins of the Second Week of July 2024
beincrypto.com 12 July 2024 20:23, UTC The Artificial Intelligence (AI) space continues to grow amid concerning broader market cues, with many unheard-of tokens observing massive gains.
This past week, the crypto market began to recover. Three tokens outperformed all other AI assets.
Big Data Protocol (BDP)
BDP was not only the best-performing AI token but also one of the best-performing altcoins in the crypto market. The cryptocurrency noted a 93.21% rise in the span of the last three days alone, bringing this week’s growth to 90%.
This rally helped the altcoin rise to $0.261 from the multi-month lows of $0.129. In doing so, BDP invalidated two crucial resistance levels, $0.161 and $0.236. The AI token is now facing resistance at $0.301, which will keep the asset consolidated.
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The chances of a decline are high since the market will cool down following the rally. This could leave the asset stuck between $0.236 and $0.161.
Virtuals Protocol (VIRTUAL)
VIRTUAL did not observe a rally as significant as BDP; however, it still managed to print an impressive rise of 50%. This brought the AI token to change hands at $0.037.
Nevvertheless, it still has a long way to go in order to regain the profits it lost over the last couple of weeks. The crash of June brought VIRTUAL down from $0.100 to $0.021 and now warrants a 205% increase to make it back up there.
Read More: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?
The possibility of this happening is bleak, but if the resistance at $0.037 is breached, the AI token could attempt to breach $0.061 or end up being consolidated under it.
QnA3.AI (GPT)
GPT’s price, not to be confused with ChatGPT, fared just as well as VIRTUAL did, albeit missing the mark by a little. The seven day performance of the asset came in at 36% in the green as GPT prevented a decline below $0.073.
As the AI token rose, GPT reached $0.103, attempting to break past the resistance at $0.111. This could send the altcoin to $0.132, enabling a further rise beyond $0.157.
Read More: Top 9 Artificial Intelligence (AI) Cryptocurrencies in 2024
However, a failed breach could keep the asset subdued as it has been for the last three days under $0.111. This will lead to sideways movement, keeping GPT above the support of $0.073.
