FET and TAO, two AI-coins are getting a lot of attention on the cryptocurrency market. Recent data indicates that they may grow substantially in 2024. These AI-focused tokens attract investors who are looking for new options as the crypto market is still uncertain.
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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 can indicate a possible surge. Recent price movement indicates a potential surge. FET gained 71% over the last month and outperformed many other coins.
Its rates for futures have turned up, signaling more positions in favor of longs and an increasing market optimism.
Telegaon predicts FET‘s average price could rise from $3.86 in 2024 to $91.06 by 2040. Forecasts suggest that FET investment has significant growth potential over the long term:
‘’Fetch AI Coin has great potential if you’re going to hold it for the long term. According to our coin price prediction for the long term, FET Coin can reach a new high this year. In 2040, depending on market conditions, the average price could be $91.06. The maximum we can predict for FetchAI Coin in 2040 is $104,23. Fetch AI Coin’s price may rise more than we predicted in 2040 if the market becomes bullish. If the market becomes bearish, Fetch AI Coin’s minimum price can reach $82.41 by 2040.
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2. TAO
TAO The outlook is also bullish. Price is filling in a gap created by the recent price surge. TAO’s performance has been solid, with a 28% increase in just one month.
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 They are more positive. In 2040 its average price will grow from $347.75 to $8.371.17, showing a substantial return in the AI Crypto market.
‘’If generative AI tokens like Bittensor survive by 2040, they may create a new history. It’s difficult to predict the price of a cryptocurrency over the long term. We will use the performance of today to calculate. We can anticipate an average of $8.371.17 by 2040 if the growth rate continues. According to our forecasts, we expect the Bittensor will reach a new ATH this year. The maximum price we predict for the Bittensor in 2040 is $9,456.46. In 2040, if market conditions are bullish the price for the Bittensor Coin might be higher than what we forecast. The minimum price can still be $7,489.26, if market conditions are bearish.
Market Performance
AI coins outperform other crypto-sectors in recent times. Fetch.AI(FET) as well BitTensor(TAO) both have strong gains in the month of August. They’re benefiting from renewed interest in AI technologies.
The chart below shows that AI coins perform better than DeFi coins, meme coins and Layer 1/2 solutions.
AI Coins Comparative Analysis
FET has an edge over TAO in terms of performance metrics, recent market data and historical performance.
FET’s larger market cap and higher volume-to-market cap ratio suggest it might be more stable. But both coins have potential in the AI-driven cryptocurrency space.
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AI will change many industries and coins such as FET or TAO have a good chance to profit from this. Recent performance and technical indicators indicate that they could grow in 2024. The crypto market fluctuates, and investors need to watch closely these AI coins.
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Source: watcher.guru