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- 1 The updates and developments around Nvidia and the AI sector have most likely contributed to the rally of FET and AGIX tokens.
- 2 Both tokens FET & AGIX are showing signs of a bullish trend with potential for more upside.
- 3 FET is currently trading at $1.580 with a market cap of $1.384 Billion, while AGIX is trading at $0.6995 with a market cap of $846.35 Million.
The AI sector has attracted significant attention lately and is hot in both crypto and traditional markets. The world’s most valuable company, known as Nvidia, an expert in graphic processing and AI chip giant, holds a whopping market capitalization of around $3.34 Trillion.
Furthermore, the updates and developments around Nvidia and the AI sector have most likely contributed to the rally of FET and AGIX tokens.
The Fetch.ai (FET) and SingularityNET (AGIX), both as artificial intelligence cryptocurrencies, both rallied more than 30% today, and they have recovered after an almost 3-month downtrend. The trading view daily chart shows that The Fetch.ai (FET) token rallied 38%, while the SingularityNET (AGIX) token rose over 32% during the past 24 hours.
At press time, the FET price has traded at $1.580, and has ranked 61th in terms of market cap. With its CMP the market cap stands near $1.384 Billion. Meanwhile, AGIX holds 81st rank in terms of market cap, with its CMP at $0.6995, which makes its market cap around $846.35 Million.
Fetch.ai (FET) Forecast!
According to the FET daily chart, after registering a peak at the $3.50 price mark by March 28th, 2024, the price fell -69% in almost three months, and formed support at $1.085 by June 18th.
Now the price is spiking from the formed support, and it is approaching 200-day and 50-day EMA from support, and if bulls continue to surge, the price could surpass dynamic resistance and could attempt to recover lost price territories.
The mACd shows a bullish cross, and the RSI has jumped from 14-SMA and approaching the median line. Therefore, in that case, the resistance would be $2.20 and $2.75. However, if it fails to decline below $1.40, the price could hit $1.00 price mark.
SingularityNET (AGIX) forecast!
Based on the AGIX daily chart, the price of $1.45 reached its peak on March 28th, 2024, before dropping by -68% over the next three months and establishing a support level at $0.460 by June 18th.
The price is now rising sharply from the created support level, nearing the 200-day and 50-day EMA from support. If bull market momentum continues, the price might exceed dynamic resistance and aim to reclaim previous price levels.
The MACD shows the formation of a bullish cross due to a recent rise in the price; its histogram is growing and is at 0.00012. Meanwhile, the RSI is at 41.70, has taken a U-turn from the extreme oversold, and has aimed towards the Overbought zone; once it passes the 50 median line, the momentum could spike as well.
So, under those circumstances, the resistance would range between $0.95 and $1.15. Nevertheless, if it does not drop below $0.60, the price might reach the $0.35 mark.
Summary
The AI sector, particularly Nvidia, has gained significant attention in both crypto and traditional markets with a market capitalization of around $3.34 Trillion. This has likely influenced the rally of FET and AGIX tokens, both artificial intelligence cryptocurrencies, which surged massive over 30% in the past 24 hours after a 3-month downtrend.
FET is currently trading at $1.580 with a market cap of $1.384 Billion, while AGIX is trading at $0.6995 with a market cap of $846.35 Million. Both tokens are showing signs of a bullish trend with potential resistance levels and support levels.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
