AI Narrative May Become Stronger in the Coming Days: Here is the Popular AI Token on the Foothill of Major Explosion

The post AI Narrative May Become Stronger in the Coming Days: Here is the Popular AI Token on the Foothill of Major Explosion appeared first on Coinpedia Fintech News

After marking new highs for the year, the Bitcoin price faces a minor pullback and remains stuck within the regions. In the meantime, the AI-based tokens appear to have set up a strong base, with most of the tokens recording double-digit gains. Tokens like Singularity and Worldcoin have surged above 100%, while The Graph and Render have accumulated gains of over 50% in the past week. 

This trade setup suggests that AI-based tokens are establishing a strong bullish narrative, and the following are the reasons why they could last for a long time:

• Potential AI integration on Ethereum through the implementation of Verkle trees, which focus on data storage and node size,

• With every upgrade released by ChatGPT’s Open AI, the AI-based tokens have experienced a huge impact 

• NVIDIA has released its revenue report, which has initiated a fresh bullishness within the AI-tokens and also soared their company shares

• DePin or decentralised physical networks and AI integration may also have a larger influence over the AI-token rally.

Now that the tokens have already recorded huge gains, is it too late for the party? 

The AI tokens like Render (RNDR) have surged by over 18%, Fetch.ai (FET) by 13% and Singularity (AGIX) by over 30% after the NVIDIA earnings. Before, the tokens had a decent ride after Open AI launched Sora. However, some tokens, like The Graph, are at the foothills of massive explosions. 

The recent upswing has caused the price to soar beyond the crucial descending trend line after hovering around the level of $0.17 for a while. The price is an inch away from rising above the interim highs beyond $0.31. Once these levels are surpassed and sustained, the GRT price may trigger a fresh bullish trend towards higher targets, probably above $1.