cryptonewsland.com
- AI coins like $TAO are surpassing meme coins in popularity due to their practical utility.
- $TAO is expected to retest $530-$540 before potentially surging toward $700.
- The shift from hype-driven coins to utility-based tokens marks a significant market trend.
The cryptocurrency market has lately changed its theme from an emphasis on meme-based tokens, which were the dominant trend for a while. Market sentiment, a signal of attention given to AI coin is quickly shifting to this space according to the Mindshare metric. $TAO, a prominent AI tokenized currency or the original AI coin is leading this charge. Market trend analysts suggest that $TAO will display significant volatilities in the next one to two weeks characterized by both correction and advance.
#AI coins Mindshare has overtaken memecoins.
— AMCrypto (@AMCryptoAlex) October 20, 2024
$TAO is the leader among AI coins, which means a big move is expected.
IMO, a quick retest of $530-$540 followed by a pump towards $700 is highly likely. pic.twitter.com/enYR5Z6wHr
As the type of digital currency, many newcomers appeared in the market, but recently, AI coins have gained popularity. In the past, memecoins that relied on social media to generate organic demand and that are related to internet culture had fully controlled some segments of the market.
$TAO’s Price Movements Anticipated
Due to its position as the market’s premier AI token, $TAO has received much attention from analysts. Most believe it will now enter a consolidation phase with another possible test of price range $530-$540. After this, the potential tends to rise to around $700. Although such forecasts are based on market trends as well as analysis, the investors should take care because the Crypto Market is very much sticky with unpredictable trends.
AI Coins Versus Meme Coins: A New Narrative
Such tokens also signal a wider tendency in the cryptocurrency market, where functional tokens gradually overtake meme stocks. It became clear that meme coins represented the power of community and social media influence when those tokens first gained traction. Still, the growth of assets such as AI tokens like $TAo to a certain extent presages a shift at the level of the assets themselves.
Thus, despite the fact that $TAO remains the leader among AI tokens, it is crucial to focus on the market situation. The dynamic nature of the artificial intelligence kind of technology means that AI cryptocurrencies may just become major players in the market in future.