Render token, AGIX, the graph

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Artificial intelligence (AI) has become the fastest growing industry this year after the success of ChatGPT. Last week, Nvidia’s share price surged after the company reported strong results, powered by AI. It is likely that its market capitalization will soon increase to over $1 trillion. This rally also pushed the AI-associated crypto higher. In this crypto price prediction, we take a look at the major tokens that could benefit, including Render Network Token, AGIX, and The Graph (GRT).

Read more: Artificial intelligence software market expected to reach $126 billion by 2025.

Render Token Price Prediction (RNDR)

Render Network is a blockchain project that could benefit in the age of AI. It provides Graphics Processing Unit (GPU) solutions using blockchain industry. With increasing GPU costs, the number of developers using the network is expected to continue to increase.

The growth of AI explains why the price of RNDR has jumped sharply over the past few months. Last week, the token hit a high of $2.9373, 165% above the April low and almost 600% this year alone. This makes it one of the most successful cryptocurrencies in the world.

The daily chart shows that the price of RNDR has been following a strong uptrend over the past few months. It recently broke above the key resistance point at $2.18, the February 7 high of this year. The token edged above $2.61, the highest point in April. It jumped above the 25- and 50-day moving averages.

Therefore, I think the Render Token price has more short-term potential. I suspect that the price will climb to the next key resistance point at $3.50 in the near term.

AGIX Price Prediction

SingularityNET is another top AI cryptocurrency. Developers are building a market for decentralized AI solutions. Some of the best dApps in its ecosystem are Rejuve, Cogito, Awakening Health, HyperCycle, and Singularity Studio, among others. Cogito will host a token generation event on June 2.

AGIX, the SingularityNets cryptocurrency, has jumped over 580% this year, making it one of the best coins. Its market cap jumped to over $378 million. The daily chart shows that AGIX price has lost momentum over the past few days. It has now retested the descending trend line shown in black.

SingularityNET edged above the 25- and 50-day exponential moving averages. Therefore, a break above the descending trendline will likely see the token jump to the next key resistance point at $0.50, which is around 63% above the current level.

The Crypto Price Prediction Graph

The Graph is not necessarily an AI cryptocurrency. Instead, it’s a blockchain project that helps developers index big data in the industry. Hence, investors believe that The Graph crypto price will do well if the industry goes mainstream.

The price of GRT has also performed well this year, having increased by more than 134%. It has lost some of that momentum, with the current price around 45% below this year’s high. The token is slightly below the 25-day and 50-day moving average.

My Graph price prediction is neutral for now. On the positive side, the token will likely continue to rise as buyers target the descending trendline at $0.15, which is around 20% above the current level. Alternatively, a move below the support at $0.11 will signal that there are more sellers in the market.

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