The artificial intelligence (AI) sector saw significant price movement this week, with three AI coins posting gains of over 80%. Leading the trend was Node AI (GPU) with a gain of 93.77%, followed by PlatON Network (LAT) with 85.86%, and LimeWire (LMWR) with 84.33%.
These projects serve different purposes in the AI space — Node AI provides computing resources, PlatON focuses on secure computing, and LimeWire provides AI-based content creation tools.
Top AI Coins in the First Week of December
PlatON Network (LAT)
PlatON Network (LAT) has emerged as one of the best-performing AI coins, with a market cap of at least $100 million and an impressive 85.86% price increase over the past week. The project focuses on providing secure computing capabilities through an open-source platform. From a technical analysis perspective, LAT is showing strong bullish signals via its EMAs , although the RSI at 77.8 suggests the asset may be approaching overbought territory.
If the uptrend continues, LAT price is likely to reach the target of $0.020. However, traders need to be very cautious, as the high RSI may lead to a price correction in the near term. In this case, LAT is likely to drop to the support levels at $0.011. If the selling pressure increases further, the price may fall further and touch around $0.0095.
LimeWire (LMWR)
LimeWire (LMWR) has seen an impressive 84.33% increase in the past week. The platform positions itself as an AI studio and a social ecosystem, aiming to help content creators harness generative AI technology. While LMWR has seen a strong recent price increase, it is currently 79.93% below its 2023 high.
As the uptrend continues, technical analysis is indicating that LMWR’s price is approaching the short-term moving averages, which could signal a trend reversal. The price action suggests that if the bullish momentum continues, LMWR is likely to face resistance at $0.48. On the other hand, if things go south, the altcoin could test the support at $0.32, potentially dropping further to $0.21.
Node AI (GPU)
AI Node (GPU) has shown outstanding performance over the past week, recording a price increase of 93.77%. The project has established itself in the field of artificial intelligence infrastructure by building a marketplace that connects GPU node operators with users who need computing resources for AI applications.
The coin reached a peak of $2.74 in April 2024 and the current market shows potential for further growth. In this case, $2.45 will be the next important resistance level. If this level is broken, GPU could set new highs.
However, investors need to be aware of the possibility of a price trend reversal, which could see the price drop to the support level at $2. If the correction continues to be strong, the GPU price could fall to $1.4, which would represent a drop of around 35% from the current price we are seeing.
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The content in this article is for informational purposes only and is not intended to be investment advice. Investors should conduct their own research and due diligence before making any decisions. Please note that we are not responsible for any investment decisions you make.
