AI remains a hot topic in the market despite recent sector corrections, with some projects gaining strong momentum. While Internet Computer (ICP) has faced challenges in the past month, its decentralized infrastructure could hold significant promise in the AI realm.
Alchemist AI (ALCH) has seen a recent surge, riding the wave of interest in no-code AI solutions. Story (IP) has emerged as one of the top trending AI coins, boasting a 79% increase in value over the last 30 days. If market sentiment continues to favor AI-driven projects, Story has the potential to break new all-time highs.
Internet Computer (ICP) is a decentralized platform enabling developers to create web applications independently from Big Tech or traditional IT structures. It supports various use cases from social media to DeFi and AI models.
Amid a 13% decrease in value over the past month, ICP's market cap is now below $3 billion. If the downtrend persists, ICP could test support at $6 and potentially slide further to $5.88 and $5.62. On the upside, a reversal in momentum could see ICP challenging resistances at $6.82, $7.27, and $7.45.
Alchemist AI offers a user-friendly platform for developing software applications without coding through its native coin ALCH on the Solana blockchain. ALCH has surged over 34% in the last 24 hours and 54% in the past week, reaching a market cap of $60 million. If the uptrend continues, ALCH could break through resistances at $0.0748, $0.116, and possibly even $0.18.
Story (IP) has gained significant attention recently, with a remarkable 79% increase in value in the last month. Despite market corrections, Story's market cap nears $1.3 billion with a daily trading volume of $150 million.
If AI coins regain momentum, Story has the potential to surpass $8 for the first time and establish new all-time highs. However, a shift in sentiment could lead to support tests at $5.00, $3.60, and possibly $2.12, marking a considerable retracement.