Fetch.ai (FET) and WienerAI (WAI) AI-centered Coins Stand Out Amidst a Turbulent Market

In the highly unpredictable world of cryptocurrencies, two AI-centric coins stand out, showing bullish momentum in a volatile market.

Amidst the unpredictable cryptocurrency market, two AI-centered coins are notably rallying, showingcasing bullish momentum. Fetch.ai (FET) has rebounded sharply with a 21% surge within the past 24 hours, following a recent downturn. Meanwhile, a new crypto project, WienerAI (WAI), is making waves with over $6 million accrued in its ongoing presale event.

Holders of FET have observed a recent downturn, with the digital currency initially encountering resistance at the $1.35 support level. However, the coin later found its footing, stabilizing and rising to $1.64 after a five-day period of decline that had investors on edge. The 21% increase did not occur in isolation and was a direct result of this initial rejection. Now, the price lies well over the 50-period EMA on the 4-hour chart, a technical indicator that has caught the attention of keen investors. There is a wall of resistance at $1.70, with a possible formation of a double-top pattern around this level.

Recently, Fetch.ai's spot volumes exploded by 173%, peaking at $322 million, which strengthens the case for the bulls. This remarkable surge also placed FET as the 27th most traded digital currency worldwide, and it solidified its position at 16th place on CoinMarketCap's trending cryptocurrencies list. Multiple factors are contributing to this rapid surge in the price of FET. The hype around AI and strategic decisions have had a definitive role. With Nvidia, a giant in the AI ​​sector, recently clinching the spot as the world's most valuable company, the AI ​​field is enjoying a substantial boost. Moreover, an upcoming merger among SingularityNET, Fetch.ai, and Ocean Protocol, slated for mid-year, promises to produce the largest decentralized AI ecosystem in the crypto space. FET's impressive performance to date—up 167%—coupled with these strategies, have fueled a fear of missing out (FOMO) among investors which is pushing trading volumes skyward.

But Fetch.ai isn't the lone AI crypto raising eyebrows. The newly launched WienerAI (WAI) is quickly grabbing investor attention. The project, which defines itself as an "AI-powered cryptotrading partner," has amassed over $6 million in its presale. A top feature of WienerAI is its bespoke trading bot—essentially, a 24/ 7 digitally that scans the market, identifying potential purchasing opportunities in real-time. This bot doesn't only present a list of possible trades with suitable entry and exit points, it can also execute those trades on DEXs—without fees and safe from MEV bots. The burgeoning interest in this innovative project is shown by the over 11,400 individuals who have joined WienerAI's Telegram channels since the presale's commencement. Furthermore, 14,100 people are active on the project's official Twitter page.

While the trading bot is still in its development alpha phase, investors can already buy WienerAI's native token, WAI, through the ongoing presale at a cost of just $0.000722 per token. These investors also have the chance to stake their purchased WAI right away, with anticipated annual yields estimated at a remarkable 180%. These elements make WienerAI's WAI token one to watch in the panorama of AI-powered trading systems.

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