Web3AI (WAI) Price Analysis: Breakout Pattern Forming, Potential Push Past $0.026

Because both are making serious moves—VeChain (VET) Price Analysis shows a breakout pattern forming, with a potential push past $0.026

Both Bittensor (TAO) and VeChain (VET) are making headlines in the crypto world. Bittensor’s ecosystem just got a $100 million boost from Digital Currency Group (DCG) to launch new AI projects, while the next stage of the Web3AI presale is heating up, offering a chance to join one platform for everything from trading to DeFi.

But first, let’s take a look at what's driving moves in the two hottest sectors right now—artificial intelligence (AI) and the metaverse.

With the stellar performance of crypto in April so far, largely driven by the emerging AI sector, Bittensor (TAO) has become a coin to watch closely.

After dipping below the $170 mark in March, TAO has bounced back to $250 as of April 27, with traders noting key resistance at $277 and $353. Volume is also increasing, which could be crucial for breaking through the resistance levels.

Chart: Benzinga Pro

Relative strength index (RSI) is recovering after dipping below 30, indicating that sellers are losing momentum. Meanwhile, the Chaikin money flow (CMF) has turned positive, signaling that more buyers are entering the market.

However, TAO is still below the 20-day moving average, which could be a factor to watch for traders looking for a clear reversal. Overall, technicals are showing promise, but more confirmation is needed, especially in terms of moving average crossovers for a definitive bullish trend.

Besides the technical analysis, the Bittensor ecosystem is expanding rapidly, with the introduction of BitAPAI, a decentralized AI supercomputer, and Neural Internet, an interconnected network of AI systems.

Moreover, validator groups like RoundTable21 are working to enhance the robustness of the Bittensor network. In another development, DCG has invested $100 million in Bittensor and launched Yuma, a decentralized AI venture fully integrated with the Bittensor ecosystem.

This partnership will focus on developing Web3 applications using Bittensor’s cutting-edge technology. The move underscores the growing interest in combining AI with blockchain to create innovative solutions.

The Bittensor ecosystem is quickly becoming a hub for AI development and deployment, and its expansion has implications for the broader cryptocurrency market. As Bittensor continues to build out its platform and launch new projects, it will be interesting to see how the token reacts and if it can maintain its momentum in 2024.

The Web3AI presale has now reached stage 16 of 30, with the token price increasing to $0.60. The presale began at $0.10 and will conclude at $0.70, after which the token will be listed on exchanges at $0.80.

This will offer a 700% return for early participants in the presale. The Web3AI platform is a comprehensive crypto ecosystem that combines a trading terminal, portfolio management, yield farming, and scam detection in one AI-powered dashboard.

The platform is designed to provide traders and investors with all the tools they need to succeed in today’s rapidly changing crypto market. Some of the key features of Web3AI include:

A trading assistant that provides personalized trading recommendations based on individual risk tolerance and preferred trading styles.

An auto-rebalancer that helps users maintain their desired asset allocation in their portfolio.

A scam detector that uses advanced algorithms to identify and warn users about known scam tokens and phishing attempts.

ROI forecasting based on historical data and social sentiment analysis.

Live data from exchanges, social feeds, and news outlets, filtered to highlight the highest trending crypto tokens and remove irrelevant noise.

Modules for sentiment analysis, arbitrage tracking, lending rate comparison, and scam project detection.

The goal of Web3AI is to replace the 10 subscriptions that traders and investors typically juggle to access different crypto tools.

With Web3AI, users get everything they need in one smart system, whether they are swing traders interested in technical analysis or passive investors tracking the best new tokens.

The Web3AI token ($WAI) is used for subscriptions to the platform and also grants members voting rights in the decentralized autonomous organization (DAO) that governs the platform.

After a successful presale launch earlier this year, the Web3AI presale is quickly approaching its final stage.

Having commenced at $0.10 for Stage 1, the presale has seen a steady increase in the token price with each stage, rising $0.10 for the first 20 stages and then $0.20 for the remaining stages.

Currently, Stage 15 of the presale is ongoing, with the token price set at $0.50. This stage will conclude on April 27