With Donald Trump winning the 2024 U.S. election, the cryptocurrency market is experiencing a new rebound, and AI tokens are performing strongly as well. This week, various AI-focused tokens have seen significant price increases, and investor attention has surged.
In this analysis, we will take an in-depth look at three AI tokens that have seen significant price increases this week.
PAAL
PAAL supports PAAL AI, a protocol that allows users to create personalized AI robots. Currently, PAAL's trading price is $0.33, having increased by 59% over the past week, making it a highly watched AI token and setting a new highest trading price since August.
The price of PAAL has surged significantly, breaking through the 20-day Exponential Moving Average (EMA), which reflects the average closing price over the past 20 days. When the asset price is above this key moving average, it generally indicates that it is in an upward momentum. Traders usually see this as a signal of a short to medium-term uptrend.
PAAL Price Analysis.
If PAAL continues to maintain an upward trend, its price could break through to $0.41 in May. However, if selling pressure suddenly increases, this bullish expectation could be disrupted, causing the token price to retreat to $0.13.
VOLT
VOLT is a deflationary token based on the Ethereum network. Its current trading price is $0.00000042, up 58% this week. At the current price, this AI-based token's trading price is comparable to the price level reached in June.
As of the writing of this article, the strength balance (BoP) of VOLT (which measures the comparison of buying and selling power in the market) confirms that the buying pressure from market participants remains strong. Its BoP is a positive value of 0.20, indicating that buyers are in a dominant position and pushing prices up.
If this trend continues, the price of VOLT may test the resistance level of $0.00000049. A successful breakout could push the token price to $0.00000057, continuing the upward momentum.
VOLT Price Analysis.
However, if profit-taking activity occurs again, this bullish outlook may fail. A decrease in buying pressure could push the price of VOLT down to $0.00000023. If this level fails to hold, the price may further decline to $0.00000021.
ARKM
ARKM supports Arkham, a blockchain analysis platform that uses artificial intelligence for on-chain analysis. Currently, the platform is trading at $2.27, and its price has risen by 37% over the past week. The platform continues to show a significant bullish trend, evidenced by its positive Elder-Ray index, which is 0.82 at the time of publication.
The Elder-Ray index measures the strength of buyers (bulls) and sellers (bears) in the market. When this index is positive, it generally indicates that buyers are stronger than sellers, suggesting a bullish market sentiment.
ARKM Price Analysis.
If demand for ARKM increases, its price may rebound to the long-term resistance level of $2.74. A breakthrough at this level would make it possible to reclaim this year's highest point of $3.99. Conversely, if bearish pressure intensifies, the price could drop to $1.44.
Recommended Quality Coins
1.G
Current Price: 0.030
G is the native token of Gravity and is also a utility token for the Gravity and Galxe ecosystems. G serves as a gas token to support transactions and will soon protect the network through staking. As the main utility token for both ecosystems, G drives governance decisions, incentivizes growth, and facilitates payments.
2.AUUDIO
Current Price: 0.128
Audius is a decentralized music sharing and streaming protocol designed to facilitate direct transactions between listeners and creators, allowing everyone to freely distribute, commercialize, and stream any audio content. AUDIO is the native token of this network.
3.ASTR
Current Price: 0.058
Astar Network is a scalable and interoperable infrastructure for Web 3.0. Since Astar Network is built using Parity's Substrate framework, it can become a future Polkadot parachain and also serve as a scalable smart contract platform. Polkadot's relay chain is not designed to support smart contracts, giving Astar the opportunity to fill this gap. Ideally, developers can build any application on Astar Network without considering its scalability.
4.ALPACA
Current Price: 0.141
Alpaca Finance is a leveraged yield farming protocol based on the Binance Smart Chain (BSC). Alpaca Finance is a fair launch project with no pre-sale, no investors, and no pre-mining.
WLFI
The results of the U.S. election have been announced, and Trump has successfully won the campaign. He may become the most pro-crypto president, and in the foreseeable future, the crypto market will reach a new height.
After Trump takes office, DeFi projects in the crypto space will receive more strategic and policy support. In the market, we have already seen that tokens like UNI, AAVE, and LDO have started their upward trend right after Trump announced his victory.
In the DeFi ecosystem, the project most closely related to Trump’s concept is WLFI, a DeFi project supported by Trump himself. This project has unique resources and previously helped raise funds for Trump’s campaign. After Trump officially takes office next year, his commitments to the crypto industry will begin to be fulfilled, and WLFI will be the first project to benefit.
Currently, subscription for WLFI requires a whitelist. The club will provide a batch of project whitelists as benefits to club members.
Here, we welcome everyone to join the club to obtain the WLFI whitelist, first come first served.
To do a good job, one must first sharpen their tools.
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