Top 3 Artificial Intelligence (AI) Altcoins to Buy Turning $10 into $1,000 This Weekend

Artificial intelligence The technology (AI) continues to expand its usefulness in several segments, including blockchain. Artificial intelligence is used in blockchain to improve security, optimize smart contracts, improve mining efficiency, automate trading, detect fraud, manage data, personalize user experience, and ensure regulatory compliance, among others other things. Market participants aiming to take advantage of these emerging technologies can consider Altcoins to purchase similar Render (RNDR), Graph (GRT), and SingularityNET (AGIX).

Read also: 4 AI-Powered Altcoins Will Overtake Bitcoin, Ethereum, and XRP in 2024

1) Altcoin to buy – Render (RNDR)

Render (RNDR) is a decentralized GPU rendering network built on the Ethereum blockchain that leverages the idle computing power of GPUs around the world to provide digital creators with efficient and cost-effective rendering services.

Rendering (RNDR)| Tradingview

So far, in the month of May, the Render coin has been among those that have gained the most. The altcoin recently bounced off the $8.65 support and surged more than 65.75% to reach the $11.3 mark. This rally pushed the market capitalization of the Render coin to $4.38 billion, securing its position among the top 25 cryptocurrencies.

Thursday on RNDR price gave a decisive breakout from the $10.49 neckline of the double bottom pattern. If the reversal pattern holds, buyers could lead a rally above $20.

Read also: Render Price Prediction: What Awaits RNDR After 50% Weekly Increase

2) Graph (TSL)

The Graph (GRT) is a decentralized protocol for indexing and querying data from blockchains, starting with Ethereum. It allows developers to create serverless applications that run entirely on the blockchain.

Graph (GRT)| Tradingview

In the midst of the current market correction, the GRT price showed notable resilience above the $0.22 support. The development of a local bottom as this support has pushed the altcoin up 38.4% to currently trade at the $0.305 level.

As of this writing, the Graph token holds a market capitalization of $2.86 billion, while its trading value has increased by 79% to $177 million since yesterday.

This recent jump has strengthened GRT price for a bullish breakout from a downtrend line that brings with it a correction trend over the past two months.

Support from this breakout would signal a change in market momentum, setting the stage for a rally above $0.5.

Read also: Elon Musk’s xAI funding: AI startup aims for $18 billion valuation this week to rival OpenAI

3) SingularityNET (AGIX)

SingularityNET (AGIX) is a decentralized platform that aims to facilitate the creation, sharing and monetization of AI services at scale.

SingularityNET (AGIX)| Tradingview

For over a month, AGIX price resonates within two converging trend lines indicating the formation of a triangle model. While the start of chart development may project uncertainty, this pattern is known to give a directional rally upon breaking above both trend lines.

SingularityNET coin is currently trading at $0.967, with a market capitalization of $1.24 billion. A potential breakout of the trendline pattern above will signal resumption of the prevailing rally that could break above the $1.45 high.

Key takeaway

The cryptocurrency market is experiencing a post Halving correction in Bitcoin, a phenomenon known as the latest pullback ahead of schedule as it eliminates weak hands from the market. The correction could provide an excellent opportunity to stockpile your favorite cryptocurrency at a discounted price.

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