Matrix AI Network

Artificial Intelligence

AI Network

Matrix

The 1st week of August saw significant volatility, with major ups and downs in the markets. Despite volatility in the broader market, <a href="https://www.thecoinrepublic.com/2024/08/06/3-top-artificial-intelligence-ai-cryptos-to-watch-out-this-week/" rel="noopener noreferrer nofollow">Artificial Intelligence (AI) Cryptos</a> have noted robust growth in recent sessions, improving investors’ sentiment.&nbsp;
TokenFi, Matrix AI Network, and Lumerin emerged as the top three AI cryptocurrencies that outshined the market leaders this week.&nbsp;
TokenFi emerged as the top AI token this week, rising 40%. At the same time, Matrix AI Network and Lumerin emerged as the 2nd and 3rd top gainers, beating several others.&nbsp;
<h2 class="wp-block-heading" id="h-top-artificial-intelligence-ai-cryptos-of-this-week-tokenfi-token">Top Artificial Intelligence (AI) Cryptos of this week: TokenFi (TOKEN)</h2>
TokenFi price has been on a three-day gaining streak, reflecting a strong comeback by the bulls.&nbsp;
TOKEN has emerged as the top weekly AI cryptocurrency with a total weekly gain of nearly 40%. It has surpassed several other altcoins and blue-chip cryptocurrencies. 
<a href="https://in.tradingview.com/chart/TOKENUSD/TdZyJKjS-TokenFi-TOKEN/" rel="noopener noreferrer nofollow"> </a>&nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"> </a>&nbsp; <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"> </a> 
To become the foremost tokenization platform in the world, TokenFI is working to simplify the tokenization process. It has a live market capitalization of $75.56 Million and ranks 38th in the crypto-verse.&nbsp;
Moreover, the trend analysis suggests a long-term bearish trend with a strong bounce back in the short term. According to analysts, TokenFi crypto is headed for a recovery that will surpass the 20 to 50 day EMAs.
On the higher side, a breakout above the $0.087 level may indicate a bullish reversal. Furthermore, the price may head towards the higher supply level of $0.095 and $0.10.&nbsp;
<h2 class="wp-block-heading" id="h-matrix-ai-network-man">Matrix AI Network (MAN)</h2>
Matrix AI Network was 2nd biggest gainer of the week, recording a rise of approximately 30%. MAN rebounded from the annual lows and experienced an impressive increase, surpassing the 50-day EMA. 
<a href="https://in.tradingview.com/chart/MANUSD/yj9Q4TVU-Matrix-AI-Network-MAN/" rel="noopener noreferrer nofollow"> </a> &nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"> </a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"> </a> 
Matrix AI blockchain is a public blockchain optimized with artificial intelligence. Matrix AI Network aims to build a self-evolving AI platform with safe data management and transparent data sharing.
It provides access to a growing set of on-chain AI models and applications. It has a live market capitalization of over $12.16 Million.&nbsp;
Despite being bearish in the long term, the short-term rise has boosted investor confidence. Currently, MAN lags behind the 200-day EMA by nearly 13% above a bullish breakout that may be observed on the chart.&nbsp;
<h2 class="wp-block-heading" id="h-lumerin-lmr">Lumerin (LMR)</h2>
In recent sessions, the LMR stabilized near the demand zone. Despite forming a range at the support level, LMR gained 28%, emerging as the 3rd top AI crypto gainer this week. 
<a href="https://in.tradingview.com/chart/LMRUSDT/h9qmpGcS-Lumerin-LMR/" rel="noopener noreferrer nofollow"> </a>&nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"> </a>&nbsp; <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"> </a> 
The daily chart highlights that the journey of Lumerin crypto has been marked wiith volatility in recent sessions. The crypto declined steadily in the last three months, losing nearly 80% of its value.
However, the recent sessions showed significant buying activity, which improved investors’ confidence. The transaction volume has surged by 12.2% intraday to $1.1 Million, reflecting heightened demand.&nbsp;
A breakout from the higher boundary of the range could unlock further upside potential till the 200-day EMA and beyond. The volume to market cap ratio at 7.82% suggests low volatility.
The post <a href="https://www.thecoinrepublic.com/2024/08/11/3-top-artificial-intelligence-ai-cryptos-outshining-this-week/" rel="noopener noreferrer nofollow">3 Top Artificial Intelligence (AI) Cryptos Outshining This Week</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

3 Top Artificial Intelligence (AI) Cryptos Outshining This Week

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