After an impressive week for Bitcoin (BTC) following positive CPI numbers, the markets are in a retracement this morning.
This comes as the hype around the release of the latest version of the popular AI tool Chat GPT is set to ignite trading AI narrative once again.
With some of the biggest opportunities in the space on fire selling in local retracement patterns, here are five picks for the best altcoin projects to take ahead of the next bull run.
Fetch Ai: Exploding on the Micro Agent News
As Chat GPT 4 makes waves in the tech sector, it appears that a resurgence of interest in AI-based crypto projects is back on the cards.
It follows a sensational breakout AI narrative in February, which saw some of the biggest AI projects in the space explode in value.
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Among the winners was Fetch Ai – the largest AI focused blockchain project.
Network native $FET token has been riding higher this week, recapturing important rally structure after last week’s bullish price action.
This comes after Fetch Ai CEO Humayun Sheikh sat down for exclusive interview to discuss the AI narrative and 2023 project roadmap with CryptoNews.com.
Now is currently trading at $0.40 (24h change of -2.5%).
$FET is in a consolidation period after a local -15% retracement on the short time frame (STF).
This comes after $FET recaptured significant rally structure last week, having been pumped 55% by positive macro sentiment from project news and bitcoin’s CPI rally.
This brings $FET’s total YTD gain in 2023 to a total of +343%.
The RSI has cooled significantly since coming close to overheating on last week’s leg-up. Now sitting at 50, the RSI has not produced an overbought signal for $FET since February 8th.
As for MACD? Despite the downside move of STF, this indicator is still showing bullish divergence. This shows an impressive price structure for $FET, which is above the 200 day average.
With such bullish conditions and no bearish indicator signals, the upside potential remains high at $0.70 (+72%).
Rejection from the current consolidation level could see $FET declining further to the nearby support at $0.30 (-26.25%).
This leaves Fetch Ai with a risk:reward structure of 2.75 – an attractive entry featuring attractive potential profits.
Meet: Love Hate Innu ($LHINU)
Love Hate Inu ($LHINU) Meme Coin is a new crypto project that combines virality with a vote-to-earn system.
Interest in the market is growing rapidly, with Love Hate Inu starting its pre-sale last Tuesday – and has since raised $1.2 million in less than two weeks.
The project enables users to express their opinions on controversial figures such as Donald Trump, Andrew Tate, and Elon Musk and other topics – all while earning rewards.
$LHINU is set to change the $3.2 billion survey industry by offering sponsored polls with prizes like NFT discount codes and NFTs backed by physical assets.
The $LHINU ecosystem has a real-time vote staking mechanism, requiring a minimum of 30 days of $LHINU staking to prevent spam and manipulation of the voting process.
The ongoing pre-sale is divided into eight phases, and investors are urged to take advantage of the current pre-sale price of $0.00009 to load up their stacks before the price moves to the next phase.
By the eighth and final pre-sale phase, $LHINU will be priced at $0.000145, which is an increase of 70.5%.
LHINU is expected to go viral on social media, following in the footsteps of moonshot meme coins like Dogecoin, Shiba Inu, Floki and Tamdog.
Don’t miss this opportunity to profit on the next big utility meme coin. The next price move to $0.00095 is in 5 days.
Ambitious AI Analytics: Dash 2 Trade
Ready to launch by the end of this quarter, dash 2 business ($D2T) is a trading intelligence platform that will provide real-time analytics and social trading data, giving investors all the resources and tools they could possibly need to inform and improve their trading.
By leveraging AI technology to perform high-level social and market sentiment analysis – $D2T enables traders to intuitively sit on the pulse of global markets.
After closing $15 million in its sale, $D2T is now listed on Gate.io, with BitMart, Changelly Pro and LBANK exchanges also listing the coin.
So it goes without saying that this project has every right to grow into a very popular AI powered DApp.
$D2T is currently trading at a current price of $0.029 (-3%).
Like most of the market this morning, $D2T is in the middle of a localized retracement move.
This follows a major bounce off a supporting lower trend line retrieving $D2T’s technical rally structure.
With a total monthly gain of +23%, $D2T is trying to consolidate on the bounce to push it higher once again.
The RSI appears to be supporting this sentiment, leaning slightly bullish at 49.75. Notably, this reading comes after a significant multi-week cool down that could signal a return to rally movements.
However, the MACD does not offer bullish confirmation, but instead signals a bearish divergence. This reflects a drop in $D2T below the 20-day MA last Wednesday during a retracement movement.
Overall, the upside target for $D2T is currently $0.055 (+91%) – and could be motivated by upcoming platform launches and more CEX listings.
Downside risks are present on the cards with a downside risk of a drop to $0.0175 (-39%).
Despite the high risk, $D2T’s risk:reward ratio is attractive at 2.36, with significant profit on the cards if $D2T finds footing.
Leveling Up Fitness: Fight Out ($FGHT)
With the Play-2-Earn narrative firmly back on the market scene after STEPN’s short-lived recovery rally, many investors are looking for better Move-2-Earn trades with top-tier upside potential.
Crypto is a solid contender for significant attention on Twitter Fight Out (FGHT)which is given our collective name best crypto presale,
Positioning itself as a more advanced and better developed STEPN, this new P2E and M2E DApp aims to take you on a journey to become your ultimate fighter self.
Fight Out aims to achieve success by providing a sophisticated and versatile application that can gauge and encourage a variety of physical activities, from boxing workouts to late-night weight lifting sessions at the gym.
It’s all based around a Soulbound avatar (think of it like a STEPN sneaker but it can’t be bought or resold), custom designed by the player and which symbolizes the user’s fitness journey.
As you train and work, it’s recorded and your Soulbound avatar’s stats level up in real time – plus you earn in-game $REPS tokens.
These $REPS tokens are redeemable for network native $FGHT, which can be redeemed, spent in the NFT marketplace, or put up for grabs in high-stakes PVP community competitions that allow users to pitted against each other to see who can train the hardest that week. ,
what’s more? Big names in the fighting world are coming forward to support ambitious Web 3 venture with UFC fighters amanda ribas And Tayla Santos Already included as ambassadors.
More UFC ambassadors will be announced in March.
And it’s not limited to the world of MMA, as world champion boxer Savannah Marshall The ambassador joins the project to lead the challenges and competitions.
You’ll need to act quickly to make the most of the Fight Out pre-sale, with over $5.65 million raised and investors given the chance to earn up to 67% in bonus tokens. Do not miss
Bounce back on: SingularityNet ($AGIX)
One of the poster boys of the AI crypto narrative. SingularityNet ($AGIX) exploded this February amidst the hype around ChatGPT and Google Bard.
Market euphoria led to a spectacular rally of 250%, which is much needed for one of the oldest AI projects in the space.
Now trading at the current price of $0.49 (-4%).
$AGIX has enjoyed a promising week with +33.5% gains over the past 7 days, as the AI narrative is once again gaining traction.
This brings $AGIX YTD gains to 915% in 2023 – a return on investment of nearly 1,000%.
The markets as a whole are in a retracement this morning, and this extends to $AGIX – which is undergoing a local move to the downside.
This comes after $AGIX reclaimed the difficult resistance level of $0.60 following a 12% rally last week.
Rejection calls for consolidation, but price action remains tight and close. A foothold here would see $AGIX enter an upward price exploration.
RSI is on the fence at 55, however, it has cooled off since last week’s leg-up.
It could be the case that the price will start an upward move once the $AGIX RSI pulls back below 50 in the next 24 hours.
As for MACD? $AGIX continues to consolidate below the resistance as a Bullish divergence (0.00915).
Upside potential is targeting $0.65 (+31%), this would leave $AGIX in unexplored territory.
On the downside, $AGIX could decline to the next support at $0.35 (-29%).
This leaves $AGIX with a risk:reward structure of 1.09 – a good entry but not the best entry from crypto AI projects.
Disclaimer: The industry talk section features insights by crypto industry players and is not part of the editorial content of 0xnews.com