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The crypto market might see a return of the bullish rally to the AI sector as talks of a merger between some of the top players in the space make rounds. Recent news reveals that Ocean Protocol and Fetch.ai are SingularityNET, the proponents of the movie. It is said that these three platforms are working on an Artificial Superintelligence alliance, which would lead to the token merger valued at over $7.5 billion.
Out of the merger, the ASI token would be evolved. There are speculations that the new token will likely become the frontrunner in the crypto artificial intelligence sector. Ultimately, assets involved in the merger would likely see the most significant gains in the short run, and the resulting cryptocurrency, ASI, would likely become the next cryptocurrency to explode.
Next Cryptocurrency To Explode
While the talks of a Superintelligence alliance are ongoing, the memecoin category is moving to regain dominance over the crypto narrative. Not only are the assets in the sector topping the gainers’ list today, but newer memecoin projects are also making a dramatic debut. An example is the recently launched Slothana presale that raised over $2 million in less than seven days of presale offering. More information about its presale is included below.
1. Helium (HNT)
Helium was one of the first assets to swing into a massive pump after the Bitcoin spot ETF announcement. It broke above the low range with over 300% price increase. However, HNT has been on a retrace since the middle of the first quarter, with over 30% price decline. The reduction in HNT’s moment coincides with the overall price decline in the crypto market.
Interestingly, HNT holders might be bracing up for a return to the uptrend as the token returns to retest the support at the $5 – $6 range. A bounce from this range confirms the return of a rally into the mid-range of the asset’s trend, which should put its price anywhere from $9 – $12. On the upside, it could increase to the Resistance cluster at $16. Interestingly, the Helium network has a handful of development initiatives in its pipeline, likely influencing the long-term value of assets.
The upcoming rally of the HNT token depends largely on the overall outlook of the crypto market. As the market sticks to a relatively sideways trend, investors may lack the risk appetite to push the token further up the chart. However, the data from its technical analysis shows that holders should prepare for impressive upsides.
Final opportunity to cast a vote for HIP 107: Preventing Gaming Within the MOBILE Network. 🧵
🗳️⏳VOTE NOW: https://t.co/oXSbIduqMy
— Helium Foundation 🎈 (@HeliumFndn) March 28, 2024
The relative strength reading of the chart indicates that the token is progressively undervalued. Investors might soon see a return to an uptrend. Nevertheless, HNT’s return to an uptrend would come amidst sideways fluctuations due to overall short-term bearish sentiment. Similarly, the HNT continues trading below its $200 moving average, signaling sustained interest in the asset. If the bears regain control of the price depreciation, HNT might become the next cryptocurrency to explode.
2. Slothana (SLOTH)
Solana chain is seeing a return of meme culture after the sensation of the previous week. An upcoming project on the Solana chain recently posted a dramatic performance after it raised over $500,000 in presale funds within 8 hours. As of the time of writing, Slothana’s presale funds are tilting towards the $2.3 million mark, and its social media following is equally growing significantly.
🎉 Site update for Slothana incoming! 🚀 Get ready to embrace your inner sloth with our new 'Lazy Sloth Buy Widget' on the way! 🌿🦥 Send SOL with ease and let's get ready for lambo💰 #Slothana #LazyCrypto #MemeCoin
— Slothana (@SlothanaCoin) March 27, 2024
Given the current presale outlook, it’s hard to argue the prospect of SLOTH’s exceptional performance upon listing. Interestingly, Slothana presale uses a simple funding model that allows investors to participate with a few clicks of buttons. The project’s wallet address is posted directly on the presale page, reducing the hassle of getting on board. Moreover, with as little as 1 SOL, investments can own up to 10,000 SLOTH.
Degen investors are already cramming into the project to exploit the launch price surge. Also, Slothana’s presale price is not inflationary, as is common to most presale programs on the Solana chain. Consequently, investors can apply the dollar cost averaging (DCA) strategy. As the probability of an explosive launch rally increases, investors can increase their SLOTH bag at the current presale price. However, the chance to buy at the current price ends when the presale closes.
3. Ravencoin (RVN)
Ravencoin has seen a significant increase in investors’ interest as the trading volume of the asset received a pump of over 189% in the last 24 hours. The growing demand consequently puts pressure on the asset’s price, forcing an increase of nearly 30% in the last 24 hours. RVN’s sudden value surge has helped its falling price regain its place on the upside. As Ravencoin eyes more upsides, it’s an opportunity for investors to capitalize on the price action.
According to its technical analysis, it posts MACD readings of 0.00301964 on the daily timeframe, indicating an impending bullish rally. Similarly, the value of its long-term moving averages remains strongly below its current price. With more room for growth, RVN would likely acquire the resistance cluster at the $0.05 – $0.06 price range in the coming quarter.
Nevertheless, the long-term prospect of the RVN token is subject to the overall outlook of the asset transfer narrative. With the growing interest in the RWAs crypto sector, RVN and assets in the category may see increased use cases as the need for transfer of ownership becomes imminent. Overall, investors should keep an eye on the trends of the assets, especially for short-term price action. It will likely maintain its vertical momentum for the rest of the quarter and the early days of the coming quarter.
4. Ocean Protocol (OCEAN)
Ocean protocol is one of the most popular crypto coins in the Artificial intelligence sector, and since the start of the bull run, the asset has given over 120% returns to its holders. However, things are about to get more interesting as the network talks with other players in the crypto AI space.
The aim is to create a unified crypto asset that would merge the three assets. While the prospect of these mergers depends on the community’s vote, the assets of individual platforms, in the short run, would likely see a massive rally due to the visibility that will result from the news. On the other hand, the OCEAN community is not required to participate in any voting effort as its control has already been relinquished.
1/🤝Ocean Protocol, @Fetch_ai & @SingularityNET unite to create the Artificial Superintelligence Alliance, through a token merger into a single $ASI token with a combined value of USD$7.5 Billion, with a current ranking at ~#20 on #CoinMarketCap.
Read on, anon! There’s more! pic.twitter.com/hIkZCjIi02
— Ocean Protocol (@oceanprotocol) March 27, 2024
As the cryptocurrency community awaits the vote, keeping an eye on the market movement of assets involved in the merger is best. OCEAN’s price chart indicates that it’s trading closer to its ATH value. The demand for the asset would likely result in a dramatic push above its ATH. Ultimately, investors might see OCEAN price rallying as high as $2 in the coming quarter, ahead of the merger.
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