The Artificial Intelligence token space has surged considerably this year, and the beginning of Q3 witnessed a major event in this industry.

BeInCrypto has put together a list of tokens that not only performed well during this bearish week but also deserve investors attention.

Zignlays 2.5% price rise was the best performance by an AI token this week. The crypto assets early rise during the previous weekend countered the decline over the last four days. ZIG is thus currently changing hands at $0.105.

It is attempting to close above the crucial support at $0.105, one that has been rested as resistance in the past. Securing it as support would enable recovery towards $0.112.

Read More: How Will Artificial Intelligence (AI) Transform Crypto?

However, failure to do so would mean additional potential losses for the token. A drop to $0.093 is likely, and the same would invalidate the bullish thesis.

While Aethir is a newly launched token, despite its strength, it has not conceded to the broader market trends. Trading at $0.066, ATHs price is looking at consolidation over a decline.

This consolidation range spans between $0.077 and $0.063. The altcoin, still a newcomer in the space, aims to facilitate DePINs role as a GPU cloud computing aggregator. Given DePINs considerable demand over the past few days, ATH is saved from losses.

Read More: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?

Nevertheless, if ATHs price were to drop below the support of $0.063 again, a drawdown to $0.057 is likely. Losing it would invalidate the consolidation thesis.

The Artificial Superintelligent Alliance is one of the biggest events in the AI sector this quarter. As Ocean Protocol (OCEAN) and SingularityNET (AGIX) merged into Fetch.ai (FET), their collective identity has been converted into ASI.

They began the token merger this week and expect to complete it by mid-July. Until then, the Artificial Superintelligent Alliance will trade under the FET ticker. This altcoin, which now holds a market capitalization of almost $3 billion, has become the second biggest asset in the AI token market.

However, FET remained consolidated between $1.7 and $1.0 as the mergers bullishness encountered resistance from the broader market decline.

Read More: Top 9 Artificial Intelligence (AI) Cryptocurrencies in 2024

Therefore, this consolidation will continue in the coming days until the merger is completed, and the resulting bullishness will help FET break out of it.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.

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Top 3 Artificial Intelligence (AI) Coins of the First Week of July 2024 - BeInCrypto