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Cryptocurrency

Top 3 AI Altcoins to Watch Ahead of the Nvidia GTC Conference This Week

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TL;DR

  • AI coins are gaining momentum in the crypto industry, highlighted by an ongoing NVIDIA Artificial Intelligence conference.
  • Bittensor (TAO) leads the AI token market with a market cap of over $4.5 billion.
  • Render (RNDR) and Fetch.ai (FET) are also standout assets, experiencing rapid increases in value and showcasing the potential of AI in blockchain technology.

AI Tokens Take Center Stage

The cryptocurrency market has been in a state of serious revival in the past few months, with Bitcoin (BTC) tapping a new all-time high of over $73,500 and many other leading digital assets rising to multi-year peaks. A particular niche, which has also been going through the roof lately, is the one encompassing Artificial Intelligence (AI) coins.

This week, the global manufacturer of GPUs – NVIDIA Corporation – is hosting a conference dedicated to AI. It is held in San Jose, California, and will allow developers, researchers, business strategists, and industry experts to meet and connect ideas on the sector’s future advancement. 

To the uninitiated, NVIDIA is the third-largest company worldwide in terms of market cap—$2.19 trillion. A large part of its growth is attributed to the artificial intelligence sector and the rise of protocols such as OpenAI’s ChatGPT – solutions that demand substantial computational power. In particular, the company has seen massive demand for its GPU chips because of the growing interest in generative AI.

That said, it is worth observing the three leading AI tokens and their performance as of late, so let’s dive in.

Enter Bittensor (TAO)

Currently, this subsection of the crypto industry holds a total market capitalization is over $25 billion, with Bittensor (TAO) being the top token. It has been among the best-performing crypto assets for months, hitting a fresh ATH of $743 (per CoinGecko’s data) today (March 18). To put things into perspective, its valuation was a mere $50 in October last year, representing a whopping 1,380% increase.

TAO Price
TAO Price, Source: CoinGecko

Bittensor is an open-source protocol that utilizes blockchain technology to create a decentralized machine-learning network. Its native token – TAO – enables users to extract information from the ecosystem while tuning its activities to meet their needs. Bittensor’s main goal is to create a market for AI where consumers and producers interact with each other in a fully transparent way.

Render (RNDR) is so Close to the Top

The second-biggest token in the niche (trailing behind TAO with mere thousands) is Render (RNDR). It also tapped an ATH today, peaking at $13.50.

RNDR Price
RNDR Price, Source: CoinGecko

Its gains on a monthly scale are over 130%. RNDR has hit a 24-hour daily volume of more than $1 billion, surpassing all other AI tokens in this metric.

RNDR stands behind the Render Network Foundation – a leading provider of decentralized GPU solutions that aims to revolutionize the digital creation process.

Not long ago, the asset caught the eye of Coinbase which put it on its roadmap zone and later added it to its trading program.

What About Fetch.ai (FET)?

The third-largest token in the sector is Fetch.ai (FET), which has a market cap of around $2.6 billion and a price of $2.55. The latter represents a 260% jump on a 30-day scale and is a few cents south of the ATH witnessed on March 14. 24-hour trading volume currently stands at more than $700 million.

FET Price
FET Price, Source: CoinGecko

Fetch.ai is a blockchain platform that employs artificial intelligence to help people automate everyday tasks like booking a flight, parking space, and other services. 

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Cryptocurrency

Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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TL;DR

  • Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
  • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
  • Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.

Large Withdrawals and Whale Activity

Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours. 

Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.

One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.

Major ETH Holders Offload Millions Amid Price Rally

In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.

A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months. 

Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578. 

Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.

Network Activity on the Rise

CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period. 

At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.

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Cryptocurrency

Massive DOGE Whale Activity Hints at $1 Breakout

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TL;DR

  • Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
  • A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
  • DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.

Price and Market Moves

Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion. 

Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.

On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.

Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.

Heavy Whale Buying and Large Transfers

As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community. 

Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.

Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.

Sentiment Building

Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding, 

“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”

With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.

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Cryptocurrency

Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.

Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.

However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.

This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.

The BTC Pair

Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.

This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.

That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.

 

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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