AI coins FET and TAO are gaining attention in the crypto market. Recent data suggests they could grow significantly in 2024. As the broader crypto market remains uncertain, these AI-focused tokens are attracting investors looking for innovative options.
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Discover Why AI Coins FET & TAO Are Poised for Massive Growth in 2024
1. FET (Fetch.AI)
FET’s price movement hints at a potential surge. It recently broke out of an inverted head and shoulders pattern, often a bullish sign. FET has gained 71% in the past month, outperforming many other coins.
Its futures funding rates have turned positive, indicating more long positions and growing market optimism.
Telegaon predicts FET‘s average price could rise from $3.86 in 2024 to $91.06 by 2040. The forecast suggests significant long-term growth potential for FET investors:
‘’Fetch AI Coin has great potential if you’re going to hold it for the long term. As per our long-term Coin price forecast, the FET Coin prices can hit a new ATH level this year. In 2040, we may expect an average price of $91.06 depending upon the market trend. Our maximum price prediction for Fetch AI Coin is $104.23 in 2040. If the market gets bullish, the Fetch AI Coin may surge more than our Fetch AI Coin price forecast in 2040. The minimum price level of Fetch AI Coin can be around $82.41 in 2040 if the market gets bearish.’’
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2. TAO (BitTensor)
TAO also shows a bullish outlook. Its price is moving to fill a gap from a recent price spike. TAO has grown 28% in the past month, demonstrating solid performance.
While not as dramatic as FET’s growth, TAO’s steady increase suggests sustained investor interest in its AI-driven approach.
TAO’s Telegaon predictions are even more optimistic. Its average price is forecasted to grow from $347.75 in 2024 to $8,371.17 by 2040, indicating substantial potential returns in the AI crypto market:
‘’If generative AI tokens like Bittensor survive by 2040, they may create a new history. Though, it’s not easy to make a long-term price forecast. Here we will calculate through the current performance. By 2040, we may expect an average price of $8,371.17 if current growth continues. As per our price forecast, the Bittensor may hit a new ATH level this year. Our maximum price prediction for the Bittensor is $9,456.46 in 2040. If the market gets bullish, the Bittensor Coin may surge more than our price forecast in 2040. However, the minimum price level can be around $7,489.26 if the market gets bearish.’’
Market Performance
AI coins have outperformed other crypto sectors recently. Both Fetch.AI (FET) and BitTensor (TAO) have shown strong gains since August. They’re benefiting from renewed interest in AI technologies.
This chart shows AI coins performing better than DeFi, meme coins, and Layer 1/2 solutions.
AI Coins Comparative Analysis
When comparing FET and TAO, FET seems to have an advantage in recent performance and market metrics.
FET’s larger market cap and higher volume-to-market cap ratio suggest it might be more stable. However, both coins show promise in the AI-driven crypto space.
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AI is changing many industries, and coins like FET and TAO are well-positioned to benefit from it. Their recent performance and technical indicators suggest potential growth in 2024. However, the crypto market is volatile, so investors should watch these AI coins closely.