Congruent Technical Analysis For Highest Volume Artificial Intelligence Tokens Listed On Binance

By Rubikkav | Rubikkav Insights | 18 Jun 2023


Due to the launch of the possibility of optimizing our searches, Microsoft recently launched its search engine with the integration of the artificial intelligence protocol called ChatGPT. This fact has triggered the interest of many investors in considering placing capital in projects of this type.

Personally, we must warn that Bill Gates was very quick in making the decision to launch, abruptly, what can be biblically "the beast". Really, human beings are not yet able to recognize the pros and cons of this technology, which, over time and due to ignorance, could bring about a dehumanization of things.

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But we have not come here to discuss a topic that is currently new in many markets. Artificial intelligence may help in some ways, but it can also have devastating consequences for the human race. The truth is, and according to statistics, this market could move more than $126 billion until the year 2025.

However, in the following article we want to present you the tokens with the highest volume and that have been listed on Binance and other exchanges; along with consistent analysis so you can make good decisions on where you should be putting your money for the next few years if the phenomenon of artificial intelligence is one of your favorite topics.

Automated Market For Smart Decisions

A first project that is on the list is SingularityNET Platform. As described by the official website of the project, it is an open and decentralized network of AI services made accessible through the Blockchain. Developers publish their services to the SingularityNET network, where they can be used by anyone with an internet connection. Developers are able to charge for the use of their services using the native AGIX token.

Services can provide inference or model training across myriad domains such as image, video, speech, text, time-series, bio-AI, and network analysis. The services can be as simple as wrapping a well-known algorithm, a complete end-to-end solution for an industry problem, or a standalone AI application. Developers can also deploy autonomous AI agents that interoperate with other services on the network.

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Technically Agix (SingularityNET token), and under weekly parameters, is struggling to hold above $0.216, but most indicators point to a correction below the break of $0.1948m support and could be worth $0.15012 in the direction of wave 4 monthly and wave 2 weekly, if Bitcoin in the coming weeks sweeps either in a bulish or bearish direction.

Actually, the instability of the market will cause this touch to first break some supports, bounce off the pivot marked by the ichimoku cloud and then go in the direction of wave 2 weekly.

In this order of ideas, volatility shows average data, with a tendency to appreciate above $0.326, but with the restriction of staying in the oversold line, with nominal volume growth. Currently this project has more than $263.25 million in working capital.

Protocol For Connecting Smart Technology

As a second project, we saw that Ocean Protocol stands out in all of them. As described by Messari, Ocean Protocol is an ecosystem for sharing data and services. It provides a tokenized service layer that exposes data, storage, compute and algorithms for consumption with a set of deterministic proofs on availability and integrity that serve as verifiable service agreements. There is staking on services to signal quality, reputation and ward against Sybil Attacks.

Ocean Protocol helps to unlock data, particularly for AI. It is designed for scale and uses blockchain technology that allows data to be shared and sold in a safe, secure and transparent manner.

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Analyzing weekly parameters, it can be described that for the last closings the price follows a trajectory within a bearish parallel channel, towards wave 2 and with the next support at $0.2579. What is certain is that it can step on the support of $0.2112 for a more assured rebound.

Volatility decreased with average volumes in the direction of correction and marking an exit line from neutrality to an oversold area. With that, it is described that a correction average can be the price $0.232.

Infrastructure For Strong Applications

Thirdly, it is interesting that projects arise to improve the infrastructure of many smart solutions. Such is the case of Fetch.ai, and as described by Forbes, it is a blockchain platform that uses artificial intelligence to help people automate everyday tasks such as booking a parking space or a flight. The idea behind Fetch.ai is to decentralize and automate transactions on the web. 

FET is the native cryptocurrency of the Fetch.ai platform, and powers its internal economy. Fetch.ai users spend FET to consume services within the platform. 

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Looking carefully, the token is projected in a falling wedge towards the weekly wave 2, if it breaks the support of $0.172. Up to this point there is no prominent support. That is why it is clear that the price can touch approximately $0.0944 and from there bounce towards wave 3 with an approximate projection towards $0.3613.

Many traders point to an average price of $0.268 as a medium-term valuation and pivoted bounce point. However, the token still has not left the oversold zone and the volatility shows a mixed trend with relative volumes without major significance.

Fund Security Software

Another project that has had good volume within Binance is Numeraire. The goal of this project, and as Kraken Blog wrote, Numeraire is a software acting as a hedge fund that aims to enable users to trade equities on the Ethereum blockchain.

The idea is that users can make trades based on artificial intelligence and on predictions made by a global network of data scientists using blockchain technology to stake cryptocurrency on certain predictions. It is, also, a project that could help in the predictions of the financial markets, and among them, the cryptocurrency market.

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Weekly technical deployment alert for the loss of the current support of $11.99, with a perfect fit towards the low of $10.17, with projection towards a weekly D wave and monthly E wave.

The truth is that this touch, and medium term, will be in an accumulation zone between the $10.13 support and up to the maximum average of $22.99. That is what a good trader would call as cumulative waves and not progressive.

To all of the above, add the fact that many point to an average value of $19,298; with initiative to leave the oversold area. However, it is important to analyze that the volumes have not been significant since the last market correction and the volatility does not show significant changes in terms of new capital inflows.

Disclaimer: This is an informative article. Rubikkav is a media outlet and financial publisher, it does not promote, endorse or recommend any investment in particular without first making prior inquiries or carrying out the respective technical and fundamental analysis. It is worth noting that investments in crypto assets are not regulated in some countries. They may not be appropriate for retail investors, as the entire amount invested could be lost. Check the laws of your country before investing.

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