Today, digital currencies such as Cookie DAO (COOKIE), aixbt by Virtuals (AIXBT), and ChainGPT (CGPT) are garnering attention. These AI-focused tokens have bucked the general market trend, experiencing double-digit percentage increases in value over the last 24 hours.
In this examination, we delve into the day-by-day behavior of these investments and pinpoint prospective price objectives for each one of them.
Cookie DAO (COOKIE)
In simple terms, Cookie is fueling the Cookie Decentralized Autonomous Organization (DAO), which concentrates on examining and organizing data concerning AI agents. The significant surge in its worth during the last 24 hours has placed it among the popular alternative cryptocurrencies today.
During the early Asian trading on Friday, Cookie reached a record high of $0.82. However, its price has since dropped by 13%, trading at $0.65 currently. Despite this correction, there’s still a strong positive outlook for Cookie, as it has gained 42% in the last 24 hours.
The asset COOKIE is experiencing a significant influx of capital, as indicated by its current Chaikin Money Flow (CMF) of 0.20. This metric tracks the movement of funds in and out of the asset; when it’s above zero, there’s more buying activity than selling.
If the buying demand continues, Cookie might regain its record peak and even surpass it. Conversely, if selling activity intensifies, it could drop to around $0.33.
aixbt by Virtuals (AIXBT)
Noteworthy digital currency AIXBT, an AI-focused altcoin, is gaining attention today. Contrary to the general market slump, it has seen a significant surge – a 36% increase in value within the last 24 hours.
Examining the Relative Strength Index (RSI) on a daily basis indicates a growing interest in the AI-backed token. Currently, it stands at 62.43.
The RSI (Relative Strength Index) tool determines whether an asset’s market situation is excessively bought or sold. This index varies between 0 to 100, with figures over 70 showing the asset is overbought and might soon drop, while numbers below 30 indicate the asset is oversold and could potentially recover.
At 62.43 on the Relative Strength Index (RSI), AIXBT is currently in an upward trajectory and has potential for further growth before reaching overbought territory. If the current trend continues, AIXBT’s value might increase toward approximately $0.90. Conversely, if market sentiment changes, the token’s price could potentially drop to around $0.45.
ChainGPT (CGPT)
The token known as CGPT is used in ChainGPT, an AI model specialized for blockchain and cryptocurrency themes. Currently, it’s drawing attention as a popular altcoin due to its price surge of more than 10% during the last day. As we speak, each unit of CGPT is being traded at approximately $0.35, representing a significant increase of 70%.
As the trading activity increases significantly, the altcoin is ready to continue its upward trend. If market conditions remain favorable (bullish), CGPT might strive to reach its previous record high of $0.56, a level not seen since March. However, for this to occur, it needs to overcome the resistance at around $0.39 first.
However, if buying pressure weakens, its price could plummet to $0.29.
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2025-01-10 19:33