The AI sector was one of the most hyped areas in crypto last year but has since shed much of its market dominance amid the recent chop. Coins such as FetchAI (FET) and Render (RNDR) have been locked into downtrends for months now. Meanwhile, a new crypto in the GambleFi niche, Rollblock ($RBLK), is attracting massive interest as experts predict moves of up to 200x in 2024.
Fetch.ai ($FET) Begins Merge with ASI
Fetch.ai (FET) has begun merging with two other leading AI coins, Ocean and SingularityNet, to form the ASI, or Artificial Super Intelligence alliance. Initial excitement around Fetch.ai traders soon turned bearish, however, as the coin dropped by 16% over the last week.
Fetch.ai funding also turned negative, suggesting that the market is overwhelmingly short on Fetch.ai. Strong support at $1.11 should prevent any wicks below this level and in the event of a market reversal, Fetch.ai’s next target looks to be between $1.55 and $1.67. However, given the uncertainty of the Fetch.ai merger, many crypto enthusiasts are avoiding Fetch.ai for the foreseeable future.
Render (RNDR) Faces An Uphill Struggle Back to $13
Render (RNDR) is another AI altcoin that is disappointing investors, as it is currently down over 20% in a month to $5.98. Since the March highs of over $13 Render has lost over half of its market cap, plunging many Render investors into the red.
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Render’s price looks to be stabilizing here but Render bulls will need big volume to overcome the major moving averages that are looming overhead. In particular, Render’s 50-day MA at $7.31 looks like it will provide serious sell pressure.
Rollblock ($RBLK) Crypto Casino To Make Monster Gains In 2024
Rollblock ($RBLK) uses the latest in web3 technology to bring new levels of trust and fairness to the 450 billion online gambling industry. As all transactions are inscribed onto the Ethereum blockchain, Rollblock users can be sure their bets will not be tampered with once placed. There are over 150 Casino classics to play on the platform, powered by the latest in cutting-edge AI technology to ensure an immersive gaming experience with provably better odds than competitors. As it is crypto-native, Rollblock removes invasive KYC checks, and new users can simply connect their crypto wallets to get started.
In-game rewards are paid using $RBLK, the native token of Rollblock with a hard cap of a billion coins and an innovative revenue share scheme. This will see the casino head to the open market each week with a portion of their operating profits to buy back and burn coins, and distribute some of the highest apy in crypto to stakers.
As demand goes parabolic this year, supply will fall away leading to inevitable bullish price action. Experts are predicting huge moves of up to 100x for this future DeFi giant, and investors are urged to head to the pre-sale to bag an allocation in stage 4. The low price of $0.0172 won’t last long, and early investors are already up over 70% on their purchases. Get on board today!
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