Which AI cryptocurrencies should you keep an eye on this weekend? Santiment, the market’s on-chain analysis platform, recently conducted a survey on June 7th, revealing the top Artificial Intelligence (AI) cryptocurrencies that investors should monitor for potential price appreciation in the upcoming days.
According to the analysis, cryptocurrency traders are advised to pay attention to AI tokens over the weekend and early next week, as the assets are expected to experience a significant price reversal.
Analysts on the Santiment platform have observed a gradual increase in social volume towards Synth AI, an innovative project that combines AI and cryptocurrency technology. Additionally, they highlighted the importance of regulation for projects like Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Bittensor (TAO) within the AI category.
“Keep an eye on AI projects this weekend and early next week. There has been another gradual rise in social volume towards Synth AI and regulation for projects like $FET, $OCEAN, $AGIX, and $TAO. These spikes in crowd interest are often followed by rises in price,” they mentioned.
Currently, these tokens are undergoing a significant price pullback, in line with the broader cryptocurrency market trends. The total market capitalization of AI cryptocurrencies stands at $35,331,836,024, with a decline of 11.1% in the last 24 hours. The trading volume within the AI market during this period was recorded at US$2,076,777,544.
It is important to note that on May 10, AI cryptocurrencies surpassed the broader crypto market, showcasing a surprising development. Over the past few months, AI-related cryptocurrencies have been gaining traction in the market due to their notable advancements in the industry, attracting a growing number of enthusiasts and investors.
Disclaimer: The opinions and views expressed in this article are for informational purposes only and should not be considered as financial or investment advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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