Today, we delve into the top Generative AI tokens that have encountered significant losses within the past 24 hours, offering insights into potential challenges and areas for concern.
With several AI tokens registering triple digital growth in 2024, observers are questioning whether many of these projects have merit.
After staying range bound for a large part of the week, Bitcoin plummeted on April 12 and April 13. The fall resulted in cryptocurrency liquidations worth about $2.5 billion, with more long than short liquidations. The fall has dealt a severe blow to the short-term leveraged long positions that expected the rally to continue leading up to and after the Bitcoin halving.
However, a closer look reveals that Generative 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.
Generative AI token Losers
- Matrix Gpt AI $MAI: -55.58%
- Eternal AI $MIND: -54.90%
- AIENGLISH $AIEN: -14.32%
- Deepcave $CAVE: -12.40%
- AiONE $AIONE: -9.95%
- Reflecto $RTO: -6.66%
- King Sora $KINGSORA: -5.27%
- Midway AI $MIDAI: -3.72%
- Octavus Prime $OCTAVUS: -1.23%
- Hera Finanace $HERA: -0.33%
Eternal AI and Deepcave have all experienced huge loss 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.
We experienced little loss in general like Top AI tokens 24-hour losers due to the Bitcoin price recovery affecting altcoins. The correlation between Bitcoin and tech stocks, particularly chip manufacturers like Nvidia (NVDA) and AMD, is noteworthy
As a rule of technical analysis, bull flags are bullish continuation patterns that resolve when the price breaks above the upper trendline and rises by as much as the previous uptrend’s height. That puts the crypto market on a path to $3.1 trillion, up around 40% from current levels.