Today, we delve into the top AI tokens that have encountered significant losses within the past 24 hours, offering insights into potential challenges and areas for scrutiny.
Altcoins showed impressive double-digit gains after Bitcoin bulls successfully pulled BTC price back above the $61,000 level.
Analysts are bullish on the long-term prospects of Bitcoin but do not expect the uptrend to start in a hurry. Bitfinex Alpha market report said that Bitcoin could stay range-bound for one to two months “with swings of $10,000 on either side.”
However, a closer look reveals that AI-based crypto tokens have been on a positive trajectory over the past month, signaling a broader interest in the intersection of artificial intelligence and blockchain technology.
AI token Losers
- iMe Lab $LIME: -12.84%
- GameGPT $DUEL: -6.05%
- Forta $FORT: -1.62%
- Synesis One $SNS: -1.32%
- LimeWire $LMWR: -0.77%
Only iMe Lab has seen some major downturn in the past 24hrs, reflecting challenges and uncertainties within the AI token sector. As investors navigate through these downturns, conducting thorough research and analysis is essential to mitigate risks and make informed decisions.
AI coins saw little loss in general compared to the Top AI tokens 24-hour gainers due to the Bitcoin post-halving retrace
The correlation between Bitcoin and tech stocks, particularly chip manufacturers like Nvidia (NVDA) and AMD, is noteworthy