Bitcoin (BTC) held above $95,000 despite facing a slight pullback over the weekend, falling just over 1%. Spot Bitcoin ETFs have seen notable weekly outflows that have stalled momentum towards the $100,000 milestone.
TAO's price stands at $623.78, reflecting a notable 9.8% increase in the last 24 hours. This rally is not just a temporary uptick; it comes with strong market momentum, as trading volume surged by over 40%, reaching $470.79 million.
This week, we conclude our three-part series on the AI crypto sector. After exploring Fetch.ai ($FET) and Render Network ($RNDR)—two giants with established reputations—it's time to shed light on a true underdog: Opulous ($OPUL).
Render (RNDR) has emerged as one of the biggest gainers in the cryptocurrency market recently, surging over 10% in the last 24 hours. The token has seen a significant boost in trading volume, rising by 22%, signaling a strong shift in market sentiment.
As November wraps up, the crypto market continues its exhilarating climb, with the Altcoin Season Index surging to 71/100. Heavyweights like $FIL (+19.67%) and $WLD (+26.08%) are dominating the spotlight, but the AI crypto sector, once dormant, has now awakened with a vengeance.
TAO's latest uptick and updates have placed it in a good position right now.
Render surged over 10%, breaking out of a bearish trend and challenging the $8.87 level.
The upcoming year is expected to be highly volatile for AI coins as the new administration implements policies to tackle economic challenges.
As November draws to a close, the cryptocurrency market is buzzing with anticipation. Bitcoin is clawing back toward $98K, Ethereum ($ETH) remains firm above $3,580, and Solana has broken above $241, hinting at bullish momentum spilling over into altcoins.
Miles Deutscher, a prominent crypto analyst with over 575,000 followers on X (formerly Twitter), has unveiled his top ten artificial intelligence (AI) altcoins poised for significant growth by 2025. Emphasizing the burgeoning potential of the AI sector within the cryptocurrency landscape, Deutscher suggests that this could be “the biggest opportunity of the bull run.
Bittensor and Theta have also recorded double-digit gains in the past 24 hours, hitting levels that bulls could strengthen at to add to the upside momentum. Meanwhile, the global crypto market cap has jumped 2% to $3.37 trillion, benefitting from Bitcoin's spike above $97,000.
Altcoins are creating a buzz in the market with a rapid rise of 7.9% in market cap, while Bitcoin's price stayed flat, causing its dominance to dip to 58.54%.
As the Bitcoin price is gaining strength and appears to be self-composed to revamping a decent rally to $100K, some of the altcoins have reached the edge of the consolidation. Bittensor (TAO) & Injective (INJ) coiled up consistently, suggesting a strong rise could be fast approaching.
RNDR, the native token of Render, is making waves during the ongoing market correction, as it appears poised for notable upside momentum. This speculation is caused by RNDR's bullish price action pattern, significant participation from traders and investors, and overall positive market sentiment.
Render's breakout could propel RNDR to $14, supported by growing market activity and bullish sentiment.
Crypto product firm 21Shares is launching new exchange-traded products (ETPs) centered around four prominent digital assets.
Bittensor (TAO)'s price has risen 10% in the last 24 hours, solidifying its position as the largest artificial intelligence coin by market cap at $4.2 billion. The Ichimoku Cloud, RSI, and EMA lines all point to a strong uptrend.
AI crypto projects have been transforming the blockchain industry throughout this year, using automated data analysis and decision-making processes, for smarter and more efficient decentralized systems.
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.
Golem Network introduces the golem-js 3.5 update, offering enhanced features for JavaScript and TypeScript developers, marking a significant step in its ongoing development.
Render (RENDER), a cryptocurrency that once soared to new heights, is now facing a strong decline, with bears taking charge of the market. After a significant surge of over 45% last month, RENDER's bullish momentum has reversed, leaving many investors questioning whether the asset is headed for further declines.
ICP has experienced significant price volatility, much like many other cryptocurrencies. The token hit its all-time high of $750.73 in May 2021, but its price has since dropped substantially, with the current value hovering around $8.96.
TL;DR The Graph has introduced the GRC-20 data standard, designed to redefine how information is structured, shared, and connected across dApps in the Web3 ecosystem. Key features of GRC-20 include interoperability, allowing seamless token exchange across various blockchain networks, enhanced security with advanced protocols, and flexibility.
RENDER's recent price drop could mark the start of a more significant market downturn.
The Graph advances from subgraphs to knowledge graphs as it hones the search options for Web3 developers.
Render (RNDR), the Ethereum-based altcoin, has made waves in the cryptocurrency market with a significant price surge. The RNDR price recently reclaimed the $8 mark, surging by 8.10% in just 24 hours, which has reignited renewed optimism among investors.
Cryptocurrency conglomerate Digital Currency Group (DCG) is making a big splash in the realm of decentralized artificial intelligence (AI), with a keen focus on the Bittensor (CRYPTO: TAO) ecosystem. What happened: Barry Silbert, the head of DCG and an early champion of cryptocurrencies, will lead the new venture called Yuma, aimed at supporting businesses that want to build and deploy AI models on Bittensor, according to a Wednesday press release.
Digital Currency Group (DCG) has unveiled Yuma, a new subsidiary dedicated to accelerating startups building decentralized intelligence projects using Bittensor's infrastructure. According to the firm's statement, the move is a strategic foray into converging crypto and artificial intelligence (AI), two sectors poised for exponential growth.
Digital Currency Group, the parent company of Grayscale and Foundry, has launched a new decentralized intelligence subsidiary named Yuma. According to a press release on Nov.
Crypto venture capital firm Digital Currency Group (DCG) is looking to promote the development of Bittensor (TAO), a decentralized Artificial Intelligence (AI) protocol. The firm aims to achieve this goal through Yuma Group.
DCG's Barry Silbert launches Yuma, a decentralized AI venture, to develop projects for Bittensor's innovative AI network. The post DCG's Barry Silbert unveils decentralized AI venture to fund Bittensor projects appeared first on Crypto Briefing.
RENDER price has surged 48% in the last month, solidifying its position as the largest artificial intelligence coin by market cap at $4.1 billion. It now leads over its closest competitors, TAO, FET, and WLD, reflecting growing interest in the AI-focused asset.
Render (RNDR), the native token of the Ethereum-based AI-driven decentralized rendering network, Render, is witnessing a dramatic bullish surge that has propelled its price past the $8 mark, with investors eagerly eyeing a potential breakout toward the $10 milestone.
Barry Silbert will be the CEO of Yuma, a new DCG company focused on incubating and building new businesses within Bittensor's decentralized AI ecosystem.
Considering its size and importance, the upcoming Nvidia (NASDAQ: NVDA) earnings report – scheduled for release after the closing bell on November 20 – is widely seen as a pivotal moment likely to have a wide-ranging effect on various even mildly related assets.
Bitcoin (BTC) hit a new all-time high of $94,041 after BlackRock, the world's largest asset manager, officially launched the iShares Bitcoin Trust ETF (IBIT) for options trading. However, it declined after reaching this level and is currently trading at $92,114, up almost 1% over the past 24 hours.
Story Highlights The RNDR price reclaims the $8 mark with an 8.10% jump in 24 hours. The EMA 50/200-day hints at a Golden Cross, suggesting sustained bullish action. Render price successfully retests its support of the ascending channel pattern.
RNDR's large transaction volume has grown by 310%, indicating notable participation from whales and institutions.
AI and Big Data tokens surged ahead of Nvidia's Q3 earnings, but “buy the rumor, sell the news” dynamics and technical setups hint at varied post-earnings paths for Fetch.AI, Render, and Near Protocol.
TAO was trading at $488.4, a zone that has previously triggered price reversals. Will the same happen this time around?
Render Token (RNDR) is on the move again, climbing 8.64% in just 24 hours to hit $7.65. After months of struggling with resistance, this breakout has sparked fresh optimism.
Undeniably, there has been a broader market pullback over the past couple of days. However, several AI-focused tokens have managed to post gains despite the downturn.
Bitcoin (BTC) and the crypto market registered a sharp decline as speculation cooled after a week of significant gains. BTC has registered an increase of over 30% since the US election, thanks to President-elect Donald Trump's pro-crypto stance.
Bittensor (TAO) has been gaining considerable attention in the cryptocurrency market recently, marked by a dramatic increase in trading volume and a noticeable rise in price action. As of November 13, 2024, TAO's trading volume soared to over $500 million within a 24-hour period, indicating robust market interest.
Render's (RNDR) price has shown notable gains, up 28% in the last month. This positions it as the third-largest artificial intelligence coin by market cap, behind FET and TAO.
TAO nears a potential breakout with robust metrics, eyeing a target of $1,252.6.
The past week's strong gains were accompanied by explosive growth in the Open Interest and the spot CVD for RENDER.
Bitcoin (BTC) catapulted to another all-time high, reaching $89,604 before declining marginally, as bulls set their eyes on $90,000 and $100,000. The euphoria over Trump's win shows no signs of waning, and BTC could hit $100,000 before the end of the year if the bull run continues at its current pace.