In a volatile crypto market, two AI-focused tokens are bucking the trend and showing bullish momentum.
Fetch.ai (FET) has surged 21% in the past 24 hours, ending its downward spiral.
Meanwhile, newcomer WienerAI (WAI) is causing a stir in its own right, having raised over $6 million in its ongoing presale event.
FET Price Soars as Trading Volumes Explode
It’s been a rollercoaster ride for FET holders recently.
FET found its footing yesterday, surging to $1.64 after a five-day slump that had investors biting their nails.
This 21% jump didn’t just come out of nowhere – it came after a rejection of the $1.35 support level.
The charts tell an interesting story.
FET has now risen above the 50-period EMA on the 4-hour chart, a move that has piqued investors’ attention.
But it’s not all smooth sailing since there’s still a stubborn resistance level at $1.70.
There may even be a double-top pattern forming around this level.
However, the numbers add to the bull case.
Fetch.ai’s spot volumes have exploded by 173% in the past day, hitting a high of $322 million.
That’s enough to make FET the 27th most traded crypto globally.
And FET also muscled its way to 16th place on CoinMarketCap’s trending cryptos list.
Not bad for a token recently stuck in a downtrend.
Why is Fetch.ai’s Price Rocketing?
So, what’s driving this sudden FET price surge?
It’s not just one thing – it’s a combination of AI hype and strategic moves.
First, there’s the general buzz around AI.
With Nvidia recently becoming the world’s most valuable company, the AI sector is hotter than ever.
And in the crypto market, that hype is translating into some serious gains for AI-focused tokens like FET.
Then, there’s the upcoming merger between SingularityNET, Fetch.ai, and Ocean Protocol.
Set for mid-July, this merger promises to create the largest decentralized AI ecosystem in the crypto space.
It’s like all the top AI cryptos are coming together, and investors are scrambling for a piece of the action.
Add to that FET’s impressive year-to-date performance – up 167% – and you’ve got a recipe for FOMO that’s driving price and trading volume through the roof.
The question now is: can FET keep up this momentum, or is this just a short-lived hype cycle?
Ai-Powered Trading Bot WienerAI Streamlines Crypto Trading & Raises $6M
Fetch.ai isn’t the only AI crypto turning heads.
Enter WienerAI (WAI), a new project attracting enormous investor attention.
With over $6 million raised in its presale, this self-proclaimed “AI-powered crypto trading partner” is proving that sometimes, the most unlikely combinations can yield the best results.
WienerAI’s key feature is its custom-built trading bot.
Imagine having a tireless digital companion that scans the market 24/7, identifying potential buying opportunities in seconds.
Here’s how it works: Let’s say you want to invest in an altcoin.
You tell WienerAI’s bot your risk tolerance and target gains, and it analyzes the data, identifying market trends and other factors.
Before you know it, the bot is serving up a list of potential trades, complete with entry and exit points.
And it can even execute those trades on DEXs – with zero fees and protection from MEV bots.
It’s like having a personal trading assistant in your pocket.
No wonder over 11,400 people have joined WienerAI’s Telegram channel since the presale was launched.
A further 14,100 are active on the project’s official Twitter page.
Although the trading bot is still in development, interested investors can buy WAI, WienerAI’s native token, through the ongoing presale.
WAI tokens are currently available for just $0.000722 each.
Presale investors can even stake their purchased WAI immediately, with annual yields estimated at 180%.
This staking setup, combined with WienerAI’s AI-powered trading bot, makes WAI an exciting token to keep tabs on.