Top 3 Artificial Intelligence (AI) Coins of the Last Week of September 2024
COMAI, AGRS, DEAI have shown triple-digit gains since their September lows. AI coins are showing positive signs amid bullish market conditions.
Key Takeaways
- AI sector market cap rose 21.25% in one week.
- COMAI led gains with a 7-day surge of 131%.
- Triple-digit growth seen in AI coins despite low market cap rankings.
The Artificial Intelligence (AI) sector has gained traction as the crypto market turns bullish. Several AI-focused coins have outperformed others, capturing the attention of traders and investors alike.
In this post, we’ll dive into the top 3 AI coins of the last week of October 2024, exploring their price performances and what might be driving their impressive gains.
Top AI Coin Gainers
The total AI sector market cap started increasing from last Friday, Sept. 20, when it was $32 billion. Measured to today’s high of $38,8 billion, it rose by 21,25%.
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In contrast, some AI coins recorded triple-digit gains. The biggest ones are COMAI, which has a 7-day percentage change of 131%; AGRS, which has 107%; and DEAI, which has nearly 80%.
Interestingly, two of these three projects are between 600 and 700 places according to market capitalization. Agoras: Currency of Tau is at 476, which is still considered a mid-cap project.
In comparison, NEAR, the first on the list of AI coins and 17th according to its market capitalization, rose by only 26.50% over the last seven days.
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COMAI Price Analysis
COMAI ended its long-lasting downtrend on Sept. 6, when it started consolidating around $0.13. The price started moving to the upside and broke out above the descending resistance, signaling a starting bull phase.
On Sept. 25, it reached a high of $0.43, increasing by 230%, as measured from its September low. A downturn followed, bringing COMAI back to $0.30, a 0.382 Fibonacci retracement.
Since the price bounced, it has traded at $0.34 and is again on an upward trajectory. This was likely wave 4, with one more advancement to the upside before completing the five-wave pattern.
AGRS Price Analysis
A similar context can be observed on the AGRS price chart. We saw a period of continuous downtrend ending on Sept. 6 after which its price entered horizontal consolidation around $1.10.
An uptrend started on Sept. 20, leading to a high of $2.66 on 26, an increase of 147%. A pullback followed, but looking at the wave structure, this could also be wave 4, leaving more room to the upside for one more high at $3.
DEAI Price Analysis
The DEAI price also broke above its descending resistance and increased by 188%, from its Sept. 6 low of $0.14 to a high of $0.43 on 25. However, looking at its wave structure, the first five-wave impulse could have ended.
A descending flat triangle was formed, with the price currently being traded at $0.34 as it got rejected at its descending resistance. Despite the bearish outlook, a breakout direction will provide further insight into its next prevailing trend.
Conclusion
COMAI, AGRS, and DEAI prices have shown highly positive signs after prolonged descending price action. They rose triple-digits after breaking out above their previous descending resistance levels.
Whether they have one more high before the current rise ends or their first five-wave patterns conclude, the key point is that they have entered a bullish phase and are expected to continue moving higher in a sustained uptrend.
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