August has not been a gift to the crypto market, but some assets have navigated the storm. AI cryptos are leading the way, performing brilliantly, while projects like Fetch.AI (FET) and BitTensor (TAO) are standing out. In this sea of uncertainty, interest in these assets seems to be resurgent, signaling a possible rally.
Crypto AI: the new trend to follow
The AI crypto sector, the kind that defies the market, has literally exploded in recent weeks. FET and TAO are the two shining stars on this volatile scene. Fetch.AI Performancefor example, are as impressive as a magician pulling a rabbit out of a hat.
In August, after a trend reversal pattern, FET surged. Chaikin Money Flow (CMF) is climbing, suggesting a bright future, with price estimates of reaching $2.21 by the end of the year.
- FET gained 71% in one month;
- TAO, a modest 28%;
- FET's market capital is $3.79 billion.
These numbers show that in the world of AI altcoins, there is plenty to smile about, provided you keep an eye on market trends.
Between promises and precautions
On the other hand, BitTensor is no slouch. Although TAO recently experienced a bit of a disappointment at $440its future looks bright. The market is in full swing, and the forward Funding Rates for Fetch.AI are now in the green. This means that Traders take long positionsand who says long positions, says prices that could rise.
Indeed, volatility, while tricky, creates opportunities for savvy investors.
However, be careful not to get carried away. Rising Funding Rates are great, but they can also mean risks of liquidation if the wind turns. Analysts will say that AI crypto gaming is both an art and a science.
It is therefore essential to remember that even in a promising market, caution is still required. So, whether you are a seasoned investor or a curious novice, keep a close eye on the AI altcoin boom as it opens up new opportunities for crypto investors.
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