Leading chipmaker Nvidia released its Q1 2024 earnings report, recording gains of over 600%, which has contributed greatly to the growing interest in AI tokens. However, not all AI-related cryptocurrencies are soaring, with prices falling for Fetch.ai (FET), NEAR Protocol (NEAR), Injective (INJ), and others. Meanwhile, a new cryptocurrency in its Stage 2 presale is luring AI investors by offering early investors a 20x ROI. One of the most talked-about crypto projects, Rollblock (RBLK), stands out as the best crypto investment for 2024 due to its unique revenue sharing model.
Fetch.ai (FET) is gearing up for a surge that could see the AI coin reach $8.24 levels
According to top cryptocurrency analyst Charting Guy, Fetch.ai (FET) is gearing up for a major upswing. Based on his expert analysis, Charting Guy predicts that the AI token will hit the $8.24 mark sometime between July and August 2024. The analyst used the Elliott Wave Theory and Fibonacci Retracement Theory to predict Fetch.ai's price movement.
He also highlighted Fetch.ai's consistent growth pattern, with the FET coin bouncing back strongly after every correction, highlighting the resilience and growth potential of the AI cryptocurrency. The current wave pattern indicates that Fetch.ai is in wave 3, a major wave in terms of price volatility. This wave is also predicted to push the price of Fetch.ai to $8.24, making it a very significant milestone, especially now that most of the top cryptocurrencies appear to be on a downward trend.
NEAR Protocol (NEAR) v67 Release Brings Enhancements to AI and Smart Contract Functionality
The NEAR Protocol continues to gain attention due to its robust infrastructure that supports decentralized applications. Known for its scalability and cost-effective environment, NEAR is renowned for fostering a developer-friendly ecosystem with fast transaction speeds. Appealing to both investors and developers, NEAR Coin has positioned itself as a player to watch in the cryptocurrency industry.
However, NEAR Protocol's recent price performance appears to be trending downwards, with the coin recording downtrend momentum this week. Additionally, the recently released v67 aims to introduce yield while resuming operations within smart contracts, according to co-founder Ilya Poloskin. The release also enhances NEAR's Asynchronous Virtual Machine functionality, potentially reclaiming its status as the best cryptocurrency to invest in right now.
Injective (INJ): Reaching new heights
The number of addresses holding Injective (INJ) coin has increased significantly, indicating that investors are holding onto the INJ token, stimulating demand during the upswing. An increase in active addresses also boosts network activity, which could signal a price upswing.
Despite the increase in addresses holding Injective tokens, the number of whale transactions is declining. If INJ Coin can test the $29.5 level and sustain a close above this level, the price targets for INJ will be $34 and $38.4 respectively. However, if the price level falls below $29.5, the bullish case for the coin will be shelved.
RollBlock (RBLK)'s unique revenue sharing system positions it as one of the best crypto investment options
Rollblock (RBLK) appears to have emerged as a pioneer within Web3 and has been generating quite a bit of buzz with its stellar presale performance. Rollblock has risen 20% so far and successfully raised over $500,000. This fully licensed and operated casino caters to the needs of gaming enthusiasts by eliminating the KYC verification process, allowing seamless access to a global audience.
Additionally, RBLK also comes with a unique revenue sharing model designed to allow projects to thrive in the long term while being attractive to users: the protocol, which is already generating revenue, allocates up to 30% of its weekly revenue to purchase RBLK tokens from the open market, then burns half of the purchased tokens, reducing circulation and increasing scarcity.
Something that could drive up the value of Rollblock and make it the best cryptocurrency you can buy today. The remaining tokens will be offered as rewards to people who stake their cryptocurrency.
This economic model not only encourages long-term investments but also fosters a community of dedicated RBLK holders. At the Stage 2 presale, RBLK will be worth just $0.012. This represents a 20% price increase from the initial price, making this coin the best cryptocurrency investment for 2024.
Moreover, according to experts, RollBlock could soar 100-fold after its listing on major exchanges, scheduled for Q3 2024. Moreover, this best cryptocurrency for investment is on track to raise over $1 million by the end of May, according to project forecasts. As a result, RollBlock's performance makes a firm point that investors should diversify and buy into this top cryptocurrency before it sees a significant rise in value to reap the maximum ROI.
Should users consider Rollblock over the hyped AI coins?
Unlike most of the trending AI coins, Rollblock stands out by focusing on the fast-growing online gaming market. The cryptocurrency offers a user-friendly platform and a great revenue-sharing model, leading analysts to believe it could be the next 100x token in 2024.
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