AI Tokens Surge as Nvidia Beats Earnings Expectations, Ethereum Finds Path to Record High, Bitcoin Could Reach $150K: Crypto News

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Cointime2024/02/22 13:19

By:Cointime

AI-related tokens experienced a surge in value after chipmaker Nvidia exceeded its fourth-quarter earnings expectations. SingularityNet, FetchAI, Render, The Graph, and Worldcoin all saw significant gains. The overall market cap of AI tokens now exceeds $17 billion. Ethereum's native token, ether, may have a path to a record high of $5,200 after breaking out of an "ascending triangle" price pattern. Bitcoin's rally appeared to lose some steam following a 35% gain over the past couple of weeks to $53,000, but FundStrat head of research Tom Lee remains bullish and predicts the largest cryptocurrency could reach as high as $150,000 this year.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14