{"id":606944,"date":"2024-05-07T22:00:47","date_gmt":"2024-05-07T22:00:47","guid":{"rendered":"https:\/\/ktsl888.com\/?p=606944"},"modified":"2024-05-07T15:20:43","modified_gmt":"2024-05-07T15:20:43","slug":"ai-tokens-preparing-for-round-2-industry-shows-8-growth-with-rndr-and-fet","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ai-tokens-preparing-for-round-2-industry-shows-8-growth-with-rndr-and-fet\/","title":{"rendered":"AI Tokens \u2018Preparing For Round 2\u2019: Industry Shows 8% Growth With RNDR And FET"},"content":{"rendered":"<p style=\"font-weight: 400\">Excluding Bitcoin, memecoins were the biggest narrative of this cycle. However, Artificial Intelligence (AI) tokens also performed remarkably during the first quarter of 2024.<\/p>\n<p style=\"font-weight: 400\">The crypto market recovered over the weekend from the May 1st retrace, with AI tokens showing significant gains. As a result, many industry experts think that the sector is poised for a \u2018Round 2\u2019 this cycle.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/analysts-foresee-altcoins-explosive-rally-incoming-is-the-correction-phase-over\/\" target=\"_blank\" rel=\"noopener \">Analysts Foresee Altcoins \u2018Explosive Rally\u2019 Incoming, Is The Correction Phase Over?<\/a><\/div>\n<h2 style=\"font-weight: 400\">AI Sector Recovers By 8%<\/h2>\n<p style=\"font-weight: 400\">Crypto analysts highlighted AI tokens alongside memecoins as the hottest topic of 2024, responsible for most of the massive gains during this cycle.<\/p>\n<p style=\"font-weight: 400\">According to CoinGecko\u2019s <a href=\"https:\/\/ktsl888.com\/meme-coins\/memecoins-reign-supreme-coingecko-reveals-most-profitable-crypto-narrative-of-q1\/\" target=\"_blank\" rel=\"noopener \">report<\/a>, AI was one of the three sectors that delivered three-digit returns in Q1. Moreover, the largest AI token by market capitalization, Fetch.ai (FET), saw gains of 378.3% during this period.<\/p>\n<p style=\"font-weight: 400\">As a result, some analysts deem the AI sector to be the next main narrative of the cycle. Trader John Walsh, known as CryptoGodJohn, <a href=\"https:\/\/x.com\/CryptoGodJohn\/status\/18300612\" target=\"_blank\" rel=\"noopener nofollow\">considers<\/a> \u201cThe future of AI coins preparing round 2.\u201d<\/p>\n<p style=\"font-weight: 400\">Walsh added that the AI season is \u201cextremely obvious\u201d and will go \u201cso much higher\u201d based on the developments in the sectors, including Nvidia earnings, Apple AI, and Microsoft\u2019s $100 billion AI fund.<\/p>\n<p style=\"font-weight: 400\">To this, crypto analyst MacroCRG replied that a massive AI growth \u201cwill be obvious in hindsight,\u201d considering that the sector\u2019s market capitalization is \u201cjust\u201d $27.3 billion.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">AI mcap still just $27B<\/p>\n<p>It will be obvious in hindsight <a href=\"https:\/\/t.co\/HH0Tb86fNY\" rel=\"nofollow\">https:\/\/t.co\/HH0Tb86fNY<\/a> <a href=\"https:\/\/t.co\/71qgdwdM1C\" rel=\"nofollow\">pic.twitter.com\/71qgdwdM1C<\/a><\/p>\n<p>&mdash; CRG (@MacroCRG) <a href=\"https:\/\/twitter.com\/MacroCRG\/status\/00405137?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 6, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">According to a MacroCRG post, the AI market cap had increased 8% by Monday morning, and its daily trading volume was around $1.9 billion. On Tuesday, the market cap surged to $27.8 billion, a 2.3% increase from 24 hours ago.<\/p>\n<p style=\"font-weight: 400\">In comparison, <a href=\"https:\/\/ktsl888.com\/meme-coins\/memecoins-resurgence-popcat-and-mew-lead-the-way-with-20-surge\/\" target=\"_blank\" rel=\"noopener \">memecoins<\/a> $54.4 billion market cap doubles AI\u2019s. However, its market cap decreased by 2.8% in the last day, with the top ten memecoins showing red numbers in the past 24 hours.<\/p>\n<h2 style=\"font-weight: 400\">Is Artificial Intelligence About To Bloom Or Ruin the World?<\/h2>\n<p style=\"font-weight: 400\">Despite the remarkable performance, some figures think the sector has a more pessimistic future. According to memecoin trader Murad, <a href=\"https:\/\/x.com\/MustStopMurad\/status\/68623130\" target=\"_blank\" rel=\"noopener nofollow\">the developments<\/a> in the industry will \u201cbe replacing more &amp; more jobs every year.\u201d As a result, there will be an increase in \u201cAnxieties and desperate attempts to \u2018make it.\u2019\u201d<\/p>\n<p style=\"font-weight: 400\">To the trader, the industry will serve as a push for the memecoins sector, as \u201cGrowing AI capabilities will be one of the big forces accelerating the Memecoin Bubble.\u201d<\/p>\n<p style=\"font-weight: 400\">Financial giant Warren Buffett <a href=\"https:\/\/edition.cnn.com\/2024\/05\/06\/investing\/warren-buffett-compares-ai-nuclear-weapons\/index.html\" target=\"_blank\" rel=\"noopener nofollow\">shared<\/a> a more skeptical view on Saturday. The Co-founder and CEO of Berkshire Hathaway revealed he is not sold yet by artificial intelligence. To the CEO:<\/p>\n<blockquote>\n<p style=\"font-weight: 400\">We let a genie out of the bottle when we developed nuclear weapons. AI is somewhat similar \u2014 it\u2019s part way out of the bottle.<\/p>\n<\/blockquote>\n<p style=\"font-weight: 400\">Despite this, Buffet recognized the potential for AI technology to change the world positively.<\/p>\n<h3 style=\"font-weight: 400\">On The Brink Of A Millionaire Boom<\/h3>\n<p style=\"font-weight: 400\">\u201cThe AI industry is on the brink of a multi-trillion-dollar boom,\u201d <a href=\"https:\/\/x.com\/wacy_time1\/status\/03835506\" target=\"_blank\" rel=\"noopener nofollow\">stated<\/a> Alex Wacy. The analyst believes the reasons behind this are the vast and diverse potential of applications.<\/p>\n<p style=\"font-weight: 400\">Moreover, the expert highlights that interest in the sector has steadily increased over the last year. A crypto and AI combination could potentially \u201ccreate a market valued in the trillions.\u201d<\/p>\n<p style=\"font-weight: 400\">According to the post, the market is projected to reach nearly $2 trillion by 2030, which suggests that the crypto industry should not overlook it.<\/p>\n<p style=\"font-weight: 400\">Tokens like RNDR showed a remarkable performance over the past week, with the price soaring by 45%. RNDR regained the $10 support zone this week after struggling to retest it over the last month.<\/p>\n<p style=\"font-weight: 400\">In the past 24 hours, the token\u2019s price surged 6.4%, and its daily trading volume increased by 16.8%, with over $455 million being traded.<\/p>\n<p style=\"font-weight: 400\">FET is \u201ca top performing AI coin headed into the Nvidia earnings,\u201d as stated by John Walsh. The trader forecast that the token is \u201clooking for a next leg higher up\u201d after successfully retesting the $2.35 resistance level.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$FET<\/a> break retest now looking for next leg up higher <\/p>\n<p>FET will be a top performing AI coin headed into the nvidia earnings <a href=\"https:\/\/t.co\/Agl0eqB9mD\" rel=\"nofollow\">pic.twitter.com\/Agl0eqB9mD<\/a><\/p>\n<p>&mdash; Johnny (@CryptoGodJohn) <a href=\"https:\/\/twitter.com\/CryptoGodJohn\/status\/15986607?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 6, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">FET broke above this level over the weekend, rising to $2.5 on Monday and remaining above the $2.40 support zone since.<\/p>\n<p style=\"font-weight: 400\">At writing time, the token is trading at $2.42, representing a 2.4% increase in the last 24 hours and a $22.9% surge in the past week.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/crypto-analyst-6-must-buy-altcoins-most-potential\/\" target=\"_blank\" rel=\"noopener \">Crypto Analyst Reveals 6 Must-Buy Altcoins With The Most Potential<\/a><\/div>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-606945 aligncenter\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/FETUSDT_2024-05-07_08-29-02.png?w=860&#038;resize=860%2C410\" alt=\"AI, FET, FETUSDT\" width=\"860\" height=\"410\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/FETUSDT_2024-05-07_08-29-02.png?w=1077 1077w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/FETUSDT_2024-05-07_08-29-02.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/FETUSDT_2024-05-07_08-29-02.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/FETUSDT_2024-05-07_08-29-02.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/FETUSDT_2024-05-07_08-29-02.png?w=750 750w\" sizes=\"(max-width: 860px) 100vw, 860px\"><\/p>\n<pre style=\"text-align: center\">FET's performance in the weekly chart. Source: FETUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/DIcSgmeB\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Excluding Bitcoin, memecoins were the biggest narrative of this cycle. However, Artificial Intelligence (AI) tokens also performed remarkably during the first quarter of 2024. The crypto market recovered over the weekend from the May 1st retrace, with AI tokens showing significant gains. As a result, many industry experts think that the sector is poised for a \u2018Round 2\u2019 this cycle. Related Reading: Analysts Foresee Altcoins \u2018Explosive Rally\u2019 Incoming, Is The Correction Phase Over? AI Sector Recovers By 8% Crypto analysts highlighted AI tokens alongside memecoins as the hottest topic of 2024, responsible for most of the massive gains during this cycle. According to CoinGecko\u2019s report, AI was one of the three sectors that delivered three-digit returns in Q1. Moreover, the largest AI token by market capitalization, Fetch.ai (FET), saw gains of 378.3% during this period. As a result, some analysts deem the AI sector to be the next main narrative of the cycle. Trader John Walsh, known as CryptoGodJohn, considers \u201cThe future of AI coins preparing round 2.\u201d Walsh added that the AI season is \u201cextremely obvious\u201d and will go \u201cso much higher\u201d based on the developments in the sectors, including Nvidia earnings, Apple AI, and Microsoft\u2019s $100 billion AI fund. To this, crypto analyst MacroCRG replied that a massive AI growth \u201cwill be obvious in hindsight,\u201d considering that the sector\u2019s market capitalization is \u201cjust\u201d $27.3 billion. AI mcap still just $27B It will be obvious in hindsight https:\/\/t.co\/HH0Tb86fNY pic.twitter.com\/71qgdwdM1C &mdash; CRG (@MacroCRG) May 6, 2024 According to a MacroCRG post, the AI market cap had increased 8% by Monday morning, and its daily trading volume was around $1.9 billion. On Tuesday, the market cap surged to $27.8 billion, a 2.3% increase from 24 hours ago. In comparison, memecoins $54.4 billion market cap doubles AI\u2019s. However, its market cap decreased by 2.8% in the last day, with the top ten memecoins showing red numbers in the past 24 hours. Is Artificial Intelligence About To Bloom Or Ruin the World? Despite the remarkable performance, some figures think the sector has a more pessimistic future. According to memecoin trader Murad, the developments in the industry will \u201cbe replacing more &amp; more jobs every year.\u201d As a result, there will be an increase in \u201cAnxieties and desperate attempts to \u2018make it.\u2019\u201d To the trader, the industry will serve as a push for the memecoins sector, as \u201cGrowing AI capabilities will be one of the big forces accelerating the Memecoin Bubble.\u201d Financial giant Warren Buffett shared a more skeptical view on Saturday. The Co-founder and CEO of Berkshire Hathaway revealed he is not sold yet by artificial intelligence. To the CEO: We let a genie out of the bottle when we developed nuclear weapons. AI is somewhat similar \u2014 it\u2019s part way out of the bottle. Despite this, Buffet recognized the potential for AI technology to change the world positively. On The Brink Of A Millionaire Boom \u201cThe AI industry is on the brink of a multi-trillion-dollar boom,\u201d stated Alex Wacy. The analyst believes the reasons behind this are the vast and diverse potential of applications. Moreover, the expert highlights that interest in the sector has steadily increased over the last year. A crypto and AI combination could potentially \u201ccreate a market valued in the trillions.\u201d According to the post, the market is projected to reach nearly $2 trillion by 2030, which suggests that the crypto industry should not overlook it. Tokens like RNDR showed a remarkable performance over the past week, with the price soaring by 45%. RNDR regained the $10 support zone this week after struggling to retest it over the last month. In the past 24 hours, the token\u2019s price surged 6.4%, and its daily trading volume increased by 16.8%, with over $455 million being traded. FET is \u201ca top performing AI coin headed into the Nvidia earnings,\u201d as stated by John Walsh. The trader forecast that the token is \u201clooking for a next leg higher up\u201d after successfully retesting the $2.35 resistance level. $FET break retest now looking for next leg up higher FET will be a top performing AI coin headed into the nvidia earnings pic.twitter.com\/Agl0eqB9mD &mdash; Johnny (@CryptoGodJohn) May 6, 2024 FET broke above this level over the weekend, rising to $2.5 on Monday and remaining above the $2.40 support zone since. At writing time, the token is trading at $2.42, representing a 2.4% increase in the last 24 hours and a $22.9% surge in the past week. Related Reading: Crypto Analyst Reveals 6 Must-Buy Altcoins With The Most Potential FET&#8217;s performance in the weekly chart. Source: FETUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":602744,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[91810,92239,87799,87819,26263,87565,17203,87769,11392,87765],"class_list":["post-606944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai-crypto-token","tag-ai-industry","tag-ai-token","tag-ai-tokens","tag-crypto-analyst","tag-fet","tag-fetch-ai","tag-fetusdt","tag-render","tag-rndr"],"acf":[],"yoast_head":"\n<title>AI Tokens \u2018Preparing For Round 2\u2019: Industry Shows 8% Growth<\/title>\n<meta name=\"description\" content=\"AI tokens have shown a remarkable performance over the week, which has analysts foreesing an explosive boom incoming.\" \/>\n<meta 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Garcia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1a5c5c83a8ac34388cefe7d0e708bab3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1a5c5c83a8ac34388cefe7d0e708bab3?s=96&d=mm&r=g\",\"caption\":\"Rubmar Garcia\"},\"description\":\"Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. 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In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. 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