- AI coin surge followed by a dip suggests short-term profit-taking or shifting sentiment.
- Meme coins show resilience, experiencing gains amid AI coin decline.
- Significant fluctuations highlight the dynamic nature of cryptocurrency markets.
The past 24 hours have showcased a notable tug-of-war between AI-based coins and meme coins, highlighting the ongoing dynamics within this volatile ecosystem. As reflected by Santiment, an analytic platform, AGIX, RNDR, and FET experienced an upsurge in purchases earlier today, an indication of strong investor confidence.
However, this upward momentum was short-lived as these coins began to experience a dip approximately three hours ago, indicating a shift in market sentiment or perhaps profit-taking by traders.
Conversely, meme coins like FLOKI, PEPE, and WIF faced a downward trajectory in their prices earlier in the day. Yet, in a reversal of fortune, these coins started to gain traction around the same time that AI coins began to decline, suggesting a potential rotation of investment interests within the crypto space.
The live price of SingularityNET stands at $1.14, with a 24-hour trading volume of $458,494,327, showcasing a marginal increase of 0.56% within the last day. Similarly, Render’s current price is $9.56, accompanied by a 24-hour trading volume of $659.7 million, albeit down by 1.45% over the same period. Fetch.ai, on the other hand, witnessed a decline of 6.56% in the last 24 hours, with its price resting at $2.50 and a trading volume of $891 million.
Meme coins exhibited a more dynamic performance during this period. FLOKI observed a significant surge of 35.74%, with its price now at $0.000171 and a trading volume of $679 million. PEPE followed suit, experiencing a notable uptick of 14.43%, resulting in a cost of $0.000008 and a trading volume of $1.6 billion. Similarly, dogwifhat demonstrated a positive movement with a 13.35% increase, bringing its price to $1.99, alongside a trading volume of $504.7 million.
Price Source – CoinMarketCap
