Markets
Best AI Tokens to Stack in This Crypto Market Correction
Opening up as a new and trending segment in the cryptocurrency market, AI tokens are on a bull run. 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 this decade, the upside potential is huge.
So, let’s take a closer look at the top AI tokens to buy if the market continues the correction phase.
The Artificial Superintelligence Alliance’s Best Bet
Starting July 1, 2024, the first phase of the three-token merger has begun. While FET trading remains uninterrupted, AGIX and OCEAN tokens will begin delisting. The second phase will focus on the community and development of ASI, with migration contracts available.
The process will span several years, giving investors ample time to convert their assets. With a market cap of $3.27 billion, the AI token is trading at $1.30, a 62% discount from its all-time high of $3.47.
With a falling channel, the pullback phase continues for the AI token. Furthermore, with immense underlying potential, the FET price could fuel a breakout rally, breaking above the channel.
If the bull run gains momentum, the AI token could reach the $4.96 mark in the coming months. Therefore, it makes a profitable bid to buy FET should the broader market correction continue.
Will a breakout in OCEAN protocol reach $2?
With a market cap of $385 million, Ocean Protocol is a rising AI token in the crypto world. In a correction phase, the price of the OCEAN token fell from $1.43 to $0.56 in 2024.
Despite the 60% drop in the yearly high, OCEAN Protocol shows immense potential. As the decline takes a descending wedge shape, the bullish cycle within triggers a trend reversal breakout rally.
However, the correction phase leads to a death cross on the daily chart and puts bearish pressure on the psychological support of $0.50. A continuation of the uptrend with a breakout run could result in a bounce to the psychological $1 mark.
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 9% jump.
With the short-term recovery, the AI token forms a crucial support level at the $0.062 mark. On the 4H chart, the ATH price challenges an overhead resistance trendline for a breakout rally.
Considering that the bull run continues, the upside potential is the highest in Aethir compared to the aforementioned tokens. According to the Fibonacci levels, the breakout rally in the AI token could reach the $0.11 mark in the coming weeks.