FET Surges, TAO Follows: AI Cryptos In The Spotlight!

The month of August was not a gift for the crypto market, but some assets managed to navigate through the storm. AI cryptos, leading the dance, display stellar performance, while projects like Fetch.AI (FET) and BitTensor (TAO) stand out. In this sea of uncertainty, interest in these assets seems to be rekindling, signaling a possible recovery.

AI Cryptos: the new trend to follow

The AI crypto sector, known to defy the market, has literally exploded in recent weeks. FET and TAO are the two stars shining on this volatile stage. Fetch.AI’s performance, for example, is as impressive as a magician pulling a rabbit out of a hat.

In August, after a trend reversal pattern, FET made a jump. The Chaikin Money Flow (CMF) is climbing, suggesting a bright future, with price estimations reaching up to $2.21 by the end of the year.

• FET gained 71% in a month;
• TAO, a modest 28%;
• The market capitalization of FET is $3.79 billion.

These numbers show that in the world of AI altcoins, there’s reason to smile, provided you keep an eye on market trends.

Between promises and precautions

On the other hand, BitTensor does not disappoint. Although TAO recently experienced a slight dip to $440, its future seems promising. The market is in full swing, and the forward Funding Rates for Fetch.AI are now in the green. This means that traders are taking long positions, and long positions imply prices could rise.

Indeed, volatility, though tricky, creates opportunities for savvy investors.

However, be careful not to get carried away. Rising Funding Rates are great but they can also mean liquidation risks if things take a turn. Analysts will say that the game of AI cryptos is both an art and a science.

It’s essential to remember that even in a promising market, caution is still necessary. So, whether you’re a seasoned investor or a curious novice, closely monitor the boom of AI altcoins as it opens new perspectives for crypto investors.