Top 3 potential AI coins in the fourth week of October 2024

This week, some AI-focused cryptocurrencies have seen notable price increases and a surge in investor interest. Virtuals Protocol (VIRTUAL), NOSANA (NOS), and Dimitra (DMTR) are among the top-performing AI-related coins. VIRTUAL has surged 199%, while NOS and DMTR have increased by 84% and 36% respectively. #1. Virtuals Protocol (VIRTUAL) VIRTUAL is the native cryptocurrency of the Virtuals Protocol, a decentralized platform that leverages AI-driven virtual interactions. Currently trading at $0.304, it has witnessed a 199% price increase over the past seven days, making it one of the strongest-performing AI-related altcoins. BeInCrypto's analysis of the VIRTUAL/USD daily chart shows a significant bullish trend for this altcoin. For example, the Parabolic Stop and Reverse (SAR) points are below the price at the time of writing, confirming the asset is in an uptrend and the likelihood of further price appreciation is high. However, the market is quite overbought, as the coin's Relative Strength Index (RSI) currently stands at 92.36. RSI measures the overbought and oversold conditions of an asset, ranging from 0 to 100. Values above 70 indicate the asset is overbought and may need to correct, while values below 30 suggest it is oversold and likely to recover. #2. NOSANA (NOS) NOS, the native token of Nosana — a protocol using blockchain technology to provide on-demand access to GPU computing power — has increased in value by 84% over the past seven days. At the time of reporting, this AI-focused coin is trading at $3.10. The double-digit increase in NOS has pushed its price above the 20-day Exponential Moving Average (EMA), which measures the average closing price over the past 20 days. When an asset's price is above this crucial moving average, it is considered to be in an uptrend. Traders view this as confirmation of a short-to-medium-term bullish trend. #3. Dimitra (DMTR) DMTR is the native token of Dimitra, a blockchain-based platform that uses AI technology to support agricultural business. Its price has increased by 34% over the past seven days, making it one of the top-performing AI-related coins this week. The Moving Average Convergence Divergence (MACD) indicators confirm this bullish outlook. At the time of writing, the coin's MACD line (green) is above both the signal line (orange) and the zero line. This indicator tracks an asset's price trend and momentum, and identifies potential buy or sell signals. When set up in this manner, it signals a strong uptrend. It indicates the overall momentum is positive, and the asset is in an uptrend. Currently, this altcoin is trading at $0.12, just below the resistance level at $0.15. If the uptrend continues, DMTR may break through this level and attempt to conquer the next major resistance at $0.18. If successful, DMTR could move towards the $0.61 level. If it fails, the price of DMTR may drop to $0.05. Join the BeInCrypto Vietnam Telegram community to stay updated on the latest analyses and news about the financial markets, including cryptocurrencies.