Bitcoin printed one of the biggest weekly green candles for the first time since November 2021. With this, the price is just 30% away from its current ATH, suggesting the token is close to peaking out. So what’s next, Will the BTC price face rejection after hitting these levels or will it remain calm, allowing the altcoins to thrive as before?
The ETH/BTC soared to a large extent and is about to replicate the weekly gains incurred in the first week of 2024. Besides, the altcoin market cap is close to undergoing a ‘Golden Cross’ in the long term. As this event occurs once every 4 years, it has signalled the beginning of an altcoin-bull run.
Now that the bull run is on the horizon, the newly emerged AI ecosystem is expected to grow magnificently. Almost all AI tokens have insanely grown in the past week, suggesting they could be a pretty good option to invest in before the upcoming bull run. Worldcoin (WLD) has displayed a magnificent run with a nearly 150% rise in the past week.
Apart from these, many projects are believed to thrive in the coming days. The potential of AI is vast and diverse and hence, interest in AI has been significantly increasing for over a year. Besides, Bitcoin is losing popularity, which is substantiated by Google search trends.
Therefore, it is believed that AI along with other cryptos, has the potential to create a market valued in the trillions.
Which Projects Can Be Considered for the Upcoming Bull Run?
As a matter of fact, AI in crypto is driven by the synergy between Web2 and Web3 companies. Therefore, any positive news from the real world has a significant impact on the AI market in crypto, which was witnessed with the introduction of OpenAI’s Sora. This led to a massive rise in many AI tokens, including WLD, AGIX, RNDR, TAO, AGRS, PAAL, and many more.
One of the well-known analysts, anonymously known as AEX Wacy, sheds light on the growing AI ecosystem and lists out the tokens that can be closely monitored. The analyst lists some tokens, including, GraphLinq Chain (GLQ), Balance AI (wBAI), EnqAI ($ENQAI), Devolved AI ($AGC), and many more.
The AI market appears to thrive in the long term, as all aspects of AI development are poised to become one of the largest markets, potentially leading to significant growth.
