Markets
Best AI Tokens to Stack in This Crypto Market Correction
Opening up as a new trending segment in the cryptocurrency market, AI tokens are booming. Despite the recent correction phase, AI tokens are high-potential coins in this volatile market.
With limitless use cases and the power of blockchain, these tokens are the perfect combination of hype and utility. With the AI industry expected to hit the trillion-dollar mark by the end of the decade, the upside potential is huge.
So, let’s take a closer look at the best AI tokens to buy if the market continues the correction phase.
The best alliance for artificial superintelligence
Starting July 1, 2024, the first phase of the merger of the three tokens has begun. While FET trading remains uninterrupted, AGIX and OCEAN tokens will begin to be delisted. The second phase will focus on community and ASI development, with migration contracts available.
The process will span several years, giving investors ample time to convert their holdings. With a market cap of $3.27 billion, the AI token is trading at $1.30, a 62% discount to its historical price of $3.47.
With a falling channel, the AI token’s pullback phase continues. Moreover, with immense underlying potential, FET price may cause a breakout rally, breaking above the channel.
If the bullish trend accelerates, the AI token may reach the $4.96 mark in the coming months. Therefore, it makes a lucrative offer to buy FET in case the general market correction continues.
Will a breakout in OCEAN protocol reach $2?
With a market cap of $385 million, Ocean Protocol is a booming AI token in the crypto world. In the correction phase, the OCEAN token price has fallen from $1.43 to $0.56 in 2024.
Despite the 60% drop from the yearly high, OCEAN Protocol shows immense potential. As the drop takes the form of a falling wedge, the bullish cycle inside hints at a trend reversal breakout rally.
However, the correction phase leads to a deadly crossover on the daily chart and puts bearish pressure on the psychological support of $0.50. A continuation of the uptrend with a breakout may lead to a jump to the psychological mark of $1.
AI Token Aethir, a Low-Cap Gem
One of the recently launched AI tokens, Aethir, is all set to make waves in the crypto world. With a market cap of $267 million, the ATH price is down 25% from its listing price of $0.095. However, the last three weeks represent a jump of 9%.
With the short-term recovery, the AI token forms a crucial support level at $0.062. On the 4H chart, the ATH price is challenging an overhead resistance trendline for a breakout rally.
As the bullish trend continues, Aethir’s upside potential is the most significant compared to the above-mentioned tokens. According to the Fibonacci levels, the AI token’s breakout rally may reach the $0.11 mark in the coming weeks.