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The recent surge in crypto AI and blockchain systems has captivated crypto traders. However, Artificial Superintelligence Alliance (FET), once a standout performer, shows signs of losing steam while TAO rises almost 30% in a week.
Meanwhile, the RCO Finance (RCOF) presale continues to show strong performance having just passed the $2 million mark.
As the AI crypto boom matures, the question is: Can FET regain its pace, or will TAO and RCOF lead the next wave of AI-driven assets?
In the few weeks after the merger between Fetch.ai, Ocean Protocol, and SingularityNET, the Artificial Superintelligence Alliance attracted considerable interest.
However, the FET token has recently experienced a remarkable slowdown in trading volume and overall investor interest.
Technicals showed bearishness as FET failed to pierce key resistance levels, while the token held close around its 50-day moving average. Most traders have remained skeptical of the project’s long-term scalability and real-world use cases.
Bittensor (TAO) is gaining momentum in the crypto market with a solid performance backed by impressive stats. Over the past week, TAO has seen a 29% rise in value and an 86.7% increase in 24-hour trading volume, indicating heightened investor interest.
TAO looks to be approaching a crucial resistance level of $400 and analysis by @Roman_Trading on X (Twitter) suggests that if it can break this level, we could see Bittensor going as high as $3,000.
While TAO broke through this resistance level during the bullish first quarter of 2024, it’s struggled to
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