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Cryptocurrency News Articles
PAAL, ARKM, Storj Crypto Explode To Multi-Month Highs: Don't Miss This AI Narrative Return
Oct 16, 2024 at 09:22 pm
Crypto AI tokens like Storj, PAAL, and ARKM are exploding again, and some call it the return of the AI narrative. At the same time, smart money investors are doubling down on Crypto All-Stars amid hype for meme coin staking vaults – lets check it out.
Crypto AI tokens, like Storj, PAAL, and ARKM, are surging again, leading some to believe that the AI narrative is returning. At the same time, smart money investors are doubling down on Crypto All-Stars amid hype for meme coin staking vaults.
After the “pain” of Q3 2024, crypto prices are turning around. The rebound has seen the market cap expand by +2.5% in the past day, pushing the scene’s valuation to over $2.3 trillion.
While Bitcoin targets $70,000, traders pay attention to crypto AI tokens. In Q1 2024, following Nvidia’s unexpected revenue surge, crypto AI tokens, like Near Protocol, Bittensor, and PAAL, soared to fresh highs.
The recovery from recent lows is why traders are confident that the uptrend of late last year will resume, lifting the crypto AI valuation to new H2 2024 highs. So far, the crypto AI scene commands a market cap of over $29.5 billion, with the top 6 projects boasting market caps exceeding $1 billion.
(Source)
As traders jostle to pick the next gem, eyes are on PAAL, ARKM, and Storj. It is easy to see why:
PAAL.AI: A Clear Roadmap – But Will PAAL Prices Follow?
Paal aims to revolutionize AI by powering automated trading. As of mid-October, PAAL, the native token, is up +12% and over 4500X from all-time lows.
As of this writing, the token is trading at $0.22, and if bulls press on, it may register new October highs.
(PAALUSDT)
Confidence is high, but bulls must break out from the current consolidation and build on October 14 gains. If the support at $0.18 holds, PAAL prices could rally.
The project recently released its updated roadmap, outlining plans to list on more exchanges in Q4 2024.
Paal developers also want to launch more web applications and release more developer and infrastructure tools.
ARKM Crypto: The Sam Altman Link, Time For Arkham To Fly?
ARKM, the native token of Arkham—the crypto intelligence platform—is on a recovery path.
After plunging to as low as $0.23, the ARKM token is now up 500% to $1.91.
(ARKMUSDT)
Since last Friday, the token has printed impressive higher highs, closing above September highs.
Bulls are confident, expecting prices to build on the strong momentum in mid-October before reversing Q2 and 3 2024 losses.
Possible demand drivers include the Sam Altman of OpenAI link and the fact that Arkham is one of the many successful Binance launchpad tokens.
Technically, the coin is rebounding, aligning with Q1 2024 gains. ARKM found support at the 78.6% Fibonacci retracement level of the Q1 2024 range.
Historically, prices rebounding from this level tend to retest the swing high. This projection places ARKM at $4, assuming bulls continue to load the dips.
STORJ Crypto Explodes To A 5-Month High: Don’t Miss This
Storj crypto is a decentralized storage provider leading the AI charge.
Although prices are far from 2021 highs, there are hints of strength. On October 15, STORJ prices spiked to a five-month high.
(STORJUSDT)
Catalysts for growth include what the platform brings for token holders. Besides offering decentralized storage services, it also owns Valdi AI–which allows users to gain access to advanced GPUs.
If STORJ continues climbing, it can easily reclaim the 2024 highs of around $1.2 before trending even higher in the coming months.
Diversifying With Crypto All-Stars: Introducing Meme Coin Staking Vaults
While crypto AI tokens might exceed expectations in Q4 2024, investors also monitor the Crypto All-Stars presale. Over $2.3 million has been raised so far.
Presale investors can purchase STARS for $0.0015067, but will rise in the next 48 hours. Those who buy now acquire the token at a discount.
Considering the platform’s value proposition of allowing holders to stake their favorite meme coins like Dogecoin via the MemeVault, analysts think STARS will explode on the listing.
STARS holders can also stake, receiving a compounding yield of 626% APY. Over 1.1 billion STARs have been locked so far in testament to this market-beating return.
Yet, perhaps most exciting of
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