The launch of ChatGPT in November 2022 led to serious price increases in the AI-focused sections of cryptocurrencies. Altcoins that rose more than tenfold managed to attract investors’ attention, and more seems possible. The growing excitement about products that work compatibly with blockchain and artificial intelligence is fueling token prices. Some altcoins experienced increases of more than 50% weekly.
FET Coin Analysis
Bosch‘s partnership has strengthened FET Coin‘s position in the artificial intelligence field, directly affecting its price. The announcement of Sora by OpenAI has reignited investors’ excitement for artificial intelligence. Soon, Apple’s AI updates are expected, and Google continues to compete with its product, Gemini. All these developments indicate that the AI field will remain active in the coming months.
FET Coin’s price was $0.945 at the time of writing. We had mentioned earlier in the middle of last year that a significant price movement was expected with a breakout from the parallel channel. Today, we see how that parallel channel was demolished with a huge green candlestick and how the price surged by 300%.
The $1 region is a significant psychological resistance, and closing above it could push the all-time high (ATH) level of $1.2 higher. In the medium term, $1.5 does not seem like a distant target for FET Coin. However, closures below $0.8 could lead to a drop back to $0.51.
GRT Coin Analysis
As a favorite among older altcoins and unique in its combination of blockchain data indexing with artificial intelligence, GRT Coin appears to be at the end of a long-term downtrend. Surpassing the resistance area of $0.307 could target $0.412 and other peak levels again.
The upward targets are located at $0.548 and $0.78. Considering the ATH level is $2.87, the rally could just be starting.
AGIX Coin Analysis
Along with FET, AGIX price also experienced a rapid rise following the ChatGPT launch. AGIX Coin, now back on stage, has reached its ATH level. If AGIX Coin continues its ascent, it could reach the psychological resistance of $1.
In the reverse scenario, a return to the $0.37 support is possible.
