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Top 3 Artificial Intelligence (AI) Coins of the Second Week of September 2024

2 mins
Updated by Daria Krasnova
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In Brief

  • The top AI coins with notable performances this week include NodeAI (GPU), Bittensor (TAO), and Aleph.im (ALEPH).
  • NodeAI price surged 26% and TAO did same with bullish momentum signaling a possible rise to $312 if sustained.
  • Aleph.im's price jumped 28%, supported by multiple bullish indicators, with a potential price increase to $0.23.
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September 2024 began on a tough note for several Artificial Intelligence (AI) Coins. However, as soon as the second week started, things changed, making the week a much better one than the last.

These upswings could be linked to notable developments related to OpenAI. Here are the top 3 AI coins that outperformed the rest in the second week of September 2024.

NodeAI (GPU)

NodeAI, a decentralized platform offering access to AI resources and GPUs, uses blockchain technology to allow users to tap into AI nodes and lend their hardware devices. The project also supports staking GPU tokens for Ethereum (ETH).

This week, GPU’s price surged by 26% between September 8 and 12, coinciding with OpenAI’s push to increase its valuation. The price upswing brought the altcoin to $0.74 before dipping to $0.71 at the time of writing.

However, based on the Moving Average Convergence Divergence (MACD), the token’s price may be poised for a rebound.

Read more: AI in Finance: Top 8 Artificial Intelligence Use Cases for 2024

NodeAI Daily Analysis.
NodeAI Daily Analysis. Source: TradingView

The daily chart shows that the MACD, a momentum indicator, remains in the positive region. If this momentum holds, GPU’s price could climb to $0.85. However, if profit-taking increases, this forecast might be invalidated, potentially causing the cryptocurrency’s price to drop to $0.62.

Bittensor (TAO)

TAO, the native token of the decentralized blockchain machine-learning network Bittensor, experienced a 26% price surge. On September 6, TAO’s price was at a key support level of $231.24.

According to the daily chart, the rebound from this support helped TAO break above the next support at $255.46. The token now trades at $288.97, with the Relative Strength Index (RSI) positioned above the signal line, signaling increasing bullish momentum.

If this continues, TAO’s price could rise to $312.17. However, if the bulls fail to maintain this momentum, the uptrend may stall, potentially causing the price to drop back to the underlying support level.

Bittensor Daily Analysis.
Bittensor Daily Analysis. Source: TradingView

Aleph.im (ALEPH)

Aleph.im, a decentralized blockchain project focused on identity and file storage, recently saw its token, ALEPH, surge by 28%, making it one of the top-performing AI coins.

Currently, ALEPH trades at $0.16. The Bull Bear Power (BBP) indicator shows a strong positive reading, signaling that buyers are in control. A positive BBP suggests bullish momentum, and the current reading aligns with the development of a new ChatGPT model, indicating potential for further price increases.

Read more: How to Invest in Artificial Intelligence (AI) Cryptocurrencies?

Aleph.im Daily Analysis.
Aleph.im Daily Analysis. Source: TradingView

If the trend continues, ALEPH’s price could rise to $0.23. However, a decline in buying pressure could reverse this outlook, potentially leading to a price drop to $0.13.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Victor Olanrewaju
Victor Olanrewaju is a technical and on-chain analyst at BeInCrypto, where he monitors the activities of mid- and large-scale investors, commonly known as crypto whales, to detect investment trends across diverse cryptocurrencies, including Bitcoin, altcoins such as Solana, XRP, Cardano, and Toncoin, as well as meme coins like Dogecoin, Shiba Inu, and Pepe. Additionally, he covers emerging trends including Tap-to-Earn games, AI tokens, and real-world assets (RWA). Before joining BeInCrypto...
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