AI Altcoins Poised for Growth as Agentic AI Drives a Multi-Trillion-Dollar Shift in Technology

Jensen Huang, CEO of NVIDIA, predicts agentic AI will drive a multi-trillion-dollar shift in technology.

Jensen Huang, the CEO of graphics processing unit (GPU) giant NVIDIA (NASDAQ:NVDA), recently stated that agentic AI will drive a multi-trillion-dollar shift in technology. Speaking at a recent event, Huang emphasized that the age of agentic AI—intelligent systems capable of executing tasks across industries—is here.

Huang further noted that agentic AI will automate tasks in various sectors, leading to productivity gains and economic growth. According to the NVIDIA CEO, agentic AI will impact industries ranging from manufacturing and retail to entertainment and healthcare.

Huang’s statements come as several blockchain projects are already working on AI agents. These projects, including Render (RENDER), Bittensor (TAO), Akash Network (AKT), Oasis (ROSE), and Artificial Superintelligence Alliance (FET), aim to integrate AI capabilities into decentralized networks.

If Huang’s forecast is accurate, these altcoins could experience significant growth as demand for agentic AI increases. Notably, these projects are already seeing bullish momentum, which could be further fueled by the growing interest in AI tokens.

Bullish Projections for AI Altcoins

Huang’s prediction suggests a fraction of this multi-trillion-dollar market could drive AI altcoins past their all-time highs. According to a recent Forbes report, the AI tokens market cap stands at $37 billion, with leaders like Near Protocol (NEAR), Internet Computer (ICP), and Render (RENDER) valued at billions.

Last year, RENDER rose 81.71% to $7.33, TAO gained 70.40% at $453.56, and FET surged 92.92% to $1.30. While AKT and ROSE underperformed, their long-term potential remains intact as AI trends gain momentum.

The weekly market cap chart from TradingView shows a Relative Strength Index (RSI) of 60.04, pointing to bullish momentum in the altcoin market and showing that interest in AI tokens is still going strong. The gradient of the line suggests slight profit-taking but overall, the bulls are in charge.

Key AI Projects to Watch

RENDER Token Shows Promising Signs

The RENDER token price on the weekly chart indicates resistance between $8 and $12, where a breakout could trigger an upward move. The token’s buying pressure has increased, based on chart data, suggesting future price gains.

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The RSI sits at 51.01, showing equal strength between buyers and sellers for the medium and long term. The growing buying pressure hints at an upcoming bullish move.

TAO Faces Short-Term Pressure

TAO’s price has dropped as buyers stepped back on the daily TradingView chart. The token lost 23.23% over 30 days, bringing its market value to $3.64 billion.

The MACD nearly confirms bearish momentum with the signal line (red) meeting the MACD line (blue). Yet Huang’s forecast suggests TAO may recover.

FET Price Seeks Bottom

FET trades 63.02% below its all-time high of $3.47 from nine months ago. The weekly RSI reads 47.14, indicating seller control over price direction.

The line’s slope points to more downside, but FET’s history of reaching overbought levels multiple times leaves room for future rallies.

AKT Charts New Territory

The AKT weekly chart reveals strong growth since launch, with an all-time high of $8.08 four years ago. AKT now trades 62.38% below this peak.

However, buying pressure has built steadily since April 2023. Once AI tokens begin their rise, AKT could hit $7 and push toward $10.

ROSE Awaits Volume Catalyst

ROSE’s weekly analysis shows decreased popularity from 2021 peaks as trading volume dried up. The weekly MACD displays signal (red) and MACD (blue) lines moving close together for an extended period.

The RSI reads a value of 46.83 on the weekly chart, confirming that the ROSE token is bearish and the sellers are currently in control. Increased volume, however, could drive ROSE toward $0.2 and eventually $0.5.

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