AI Altcoins Surge: Bittensor, Fetch.ai, and Render Lead Crypto Growth

3 AI Altcoins Set to 5X as Sector Leads Crypto Growth Surge

A downsloping trendline has driven a correction trend in the Render price since March 2024. Artificial Intelligence (AI) witnessed a massive adoption in 2024, with its utility rapidly expanding to every sector. The emerging technology found its way into cryptocurrency, offering investors an innovative blend of AI-powered solutions and blockchain's decentralized infrastructure. This integration provides AI altcoins with strong growth potential and revolutionary use cases. According to Artemis, Artificial Intelligence (AI) dominated the crypto sector with a substantial 35.1% surge over the past month. Defying the September month correction, the sustained growth in AI altcoins positions them for a prolonged rally in Q4, typically bullish for the broader market. Below are top AI cryptos set to 5X as their performance far outpaces other sectors. Bittensor (TAO) is a decentralized network focused on artificial intelligence (AI), specifically aiming to create an open-source, decentralized marketplace for machine learning models. In the last five weeks, the TAO price showed a significant recovery from $220 to $640, recording 190% growth. In the same period, the TAO's future open interest rallied from $49 Million to $224.2 Million -- a 357% increase. This spike indicates heightened investor activity in anticipation of a higher momentum in the asset. Among other AI altcoins, the Bittensor price is one resistance ($675) breakout away from surpassing the all time high of $767.8. The Artificial Superintelligence Alliance (ASI), involving a merger of Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN), aims to create a unified decentralized AI ecosystem. These AI altcoins are tracked under the FET ticker, currently trading at $1.4 and holding a market cap of $3.58 Billion. According to Santiment data, the 30-day Market Cap to Realized Cap Ratio (MVRV) plunged to -14%, indicating that short-term investors are at a loss. These speculative trades often exit the market in fear and attract long-term buyers to fuel a sustained recovery. Thus, the FET price poised for a $1.7 resistance breakout could signal a major reversal rally. Render is a decentralized cloud computing network that allows users to share and monetize their idle GPU power. Unlike other Al Altcoins, the RENDER price has been trapped in sideways activity for over 100 days, waiting for a suitable breakout to fuel the next rally. By press time, the Render price had traded at $5.22, boosting to $2.76 billion. The asset has been 13% away from challenging a downsloping trendline intact since March 2024. A potential breakout will signal the end-of-correction trend and drive the Render coin past $10. Additionally, the percentage of supply held by top addresses has been steadily increasing, now reaching 74.3%. The accumulation by key stakeholders suggests a strong belief in the asset's long-term potential. Conclusion: The Al altcoins such as Bittensor, Artificial Superintelligence Alliance, and Render are poised for a high momentum rally in Q4 amid whale accumulation and growth in future derivative markets.

These 3 AI Altcoins Could See Gains From a Market Boom

Near Protocol (NEAR) trades above a long-term horizontal support area. Besides memecoins, AI tokens have been the best-performing category in the current market cycle. While the price appreciation has not been spread evenly, most AI altcoins have positive rates of increase. Let's take a look at the price movement for three specific altcoins, which have bullish formations in October that may lead to substantial gains. AI Altcoins Surge A basket of the five biggest AI altcoins has surged over 250% since the Aug. 5 low. On Sept. 18, AI tokens broke the trend line that marked the downward trend since March, accelerating the upward movement. Even though the movement has stalled since Oct. 7, the basket is well above the 0.618 Fibonacci retracement resistance level. This is a sign that the upward movement is impulsive since corrective movements often get rejected by the 0.618 Fibonacci resistance. Let's take a look at the three AI altcoins with promising outlooks that can perform well through the rest of October. The count indicates that the price completed a complex W-X-Y-X-Z correction (yellow) starting with the all-time high of March 6. The correction ended with a low of $162 on Aug. 5. The TAO price has increased rapidly when in what is almost certainly an impulsive five-wave increase (white). The sub-wave count (black) shows that sub-wave three extended. The sub-wave count also suggests that wave three has already ended and TAO has now started the corrective wave four. Wave three has almost exactly 2.61 times the length of wave one, a likely level for an extended wave three to end. If this is the case, TAO can complete wave four near $505, the 0.382 Fibonacci retracement support level, and a horizontal support area. The bearish divergence (green) in the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) also support this possibility. A potential target for wave five will be $891, created by the 3.61 extension of wave one. A more accurate target can be found once wave four is over. Can FET Regain Footing? The FET price has also increased since Aug. 5, though it has done so at a much slower rate compared to TAO. Nevertheless, the movement caused a breakout from a descending resistance trend line that had been in place since the March all-time high. Its breakout is a sign that the correction is over. Since then, FET has increased alongside a shorter ascending support trend line (dashed). It reached this trend line again on Oct. 10. Because the trend line has sloped the upward movement, the FET price must not break down below it. Furthermore, the daily RSI and MACD are at risk of falling below 50 and 0, respectively. Therefore, if FET bounces, it will save both a price and an indicator breakdown. In that case, the next closest resistance area will be at $2.10, amounting to a 60% price increase. NEAR Bounces at Support The final AI altcoin with a positive formation is NEAR. Unlike TAO and FET, the NEAR price action is bullish in higher time frames. More specifically, NEAR has bounced above the long-term horizontal support area at $3.50 (white icons). This has been the most important area for NEAR's price movement since 2021. Movements above and below it have almost perfectly ascertained if the trend is bullish or bearish. Besides the bounces, the NEAR price also trades in a descending parallel channel, considered a corrective pattern. Currently, the price attempts to validate the channel's midline. If it successfully breaks out, NEAR can increase to the yearly high of $9.01 and possibly even move toward the all-time high of $20.59. AI Altcoins in October TAO, FET, and NEAR all have bullish formations that could lead to price appreciation in October. TAO, in particular, stands out for the potential to reach a new all-time high.