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COINTURK NEWS > Altcoin News > AI Tokens Show Significant Gains in the Crypto Market
Altcoin News

AI Tokens Show Significant Gains in the Crypto Market

In Brief

  • AI tokens continue to grow in the broader market.

  • BDP, VIRTUAL, and GPT showed significant gains last week.

  • BDP had the highest increase, followed by VIRTUAL and GPT.

COINTURK NEWS
COINTURK NEWS 2 years ago
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Artificial intelligence continues to grow in the broader market, with many lesser-known tokens achieving significant gains. Last week, the crypto market began to recover, and three tokens outperformed all other AI assets. Let’s examine the three tokens that stood out in the crypto market last week.

Contents
BDP Chart AnalysisVIRTUAL Chart AnalysisGPT Chart Analysis

BDP Chart Analysis

BDP not only became the best-performing AI token but also one of the top-performing altcoin projects in the crypto market. The cryptocurrency recorded a 93.21% increase in just the last three days, boosting this week’s growth to 90%.

This surge helped the altcoin rise from a multi-month low of $0.129 to $0.261. By doing so, BDP invalidated two significant resistance levels at $0.161 and $0.236. The AI token is currently facing resistance at $0.301, which will maintain the asset’s consolidation.

VIRTUAL Chart Analysis

VIRTUAL did not see as significant a rise as BDP but still managed an impressive 50% increase. This caused the AI token to change hands at $0.037. However, it still has a long way to go to recover the gains it lost over the past few weeks. The June drop brought VIRTUAL down from $0.100 to $0.021, now requiring a 205% increase to return to that level.

The likelihood of this happening is slim, but if the $0.037 resistance is breached, the AI token might attempt to surpass $0.061 or consolidate below it.

GPT Chart Analysis

Not to be confused with ChatGPT, GPT’s price missed the target slightly but was as successful as VIRTUAL. With GPT preventing a drop below $0.073, the asset’s seven-day performance was in the green at 36%.

As the AI token rose, GPT reached $0.103 and attempted to break the $0.111 resistance. This could send the altcoin to $0.132, allowing for further rises above $0.157. However, a failed breach could keep the asset below $0.111, as it has been for the past three days. This would lead to lateral movement and keep GPT above the $0.073 support.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 13 July, 2024 - 3:07 pm 13 July, 2024 - 3:07 pm
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