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The Fartcoin price has plunged 19% in the last 24 hours to trade at $1.71 as of 7:00 a.m. EST on a 71% drop in trading volume to $265 million. Fartcoin Price Gears For Bullish Reversal The FARTCOIN/USD pair is currently trading at $1.713, and the price is moving within a well-defined bearish channel in the 30-minute timeframe. This downward trend is characterized by lower highs and lower lows, with the price consolidating near a key support level around $1.64. Historically, this level has provided a strong floor, preventing further downside and acting as a potential pivot for a bullish recovery. The 50-period Simple  Moving Average (SMA) is positioned at $1.81408, and currently serves as a dynamic resistance. A breakout above this level could signal the beginning of a bullish reversal, with a possible target of $2.40, as highlighted by the upward projection in the chart. FARTCOINUSD Analysis Source: Dextools.io Meanwhile, the Moving Average Convergence Divergence (MACD)...

The Artificial Superintelligence Alliance price surged 10% in the last 24 hours to trade at $1.22 as of 09:49 p.m. EST on trading volume that rose 13% to $364 million, according to Coingecko .  After a successful merger between Fetch.ai, SingularityNET, and Ocean Protocol, the ASI project has seen a resurgence in interest, particularly in the wake of Nvidia’s strong quarterly earnings. Could the anticipation of Nvidia’s continued success further bolster FET’s performance? Artificial Superintelligence Alliance Price Prediction: FET Aims For A Continued Rally Since the beginning of August, the Artificial Superintelligence Alliance price has been in consolidation within the $0.89 range. However, the bulls have won the struggle in the last week, pushing the price to $1.46 before encountering resistance and correcting slightly, forming a rounding top pattern. The FET price then invalidated the pattern’s bearish prospects, soaring to the current price as the ...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Of all the areas poised to be upended by the integration of AI into defi, “intents” and “solvers” are high on the list and could potentially reshape the financial landscape forever. You might also like: Crypto’s skeptics have a tougher case to argue in 2024 | Opinion At its core, an intent represents a market participant’s desired outcome translated into an actionable directive. Imagine seeking Bitcoin (BTC) at a pre-determined price—that’s an intent. Enter an AI-powered solver, a sophisticated algorithm wielding the power of vast data analysis and machine learning. It could scour on-chain and off-chain realms, not just to secure the best execution but to predict market movements, identify hidden opportunities, and tailor complex trade requests to your unique risk profile and financial goals.  Intent and solve...

Pullix (PLX) continues to attract trader attention as its presale surpasses $3.8 million. Meanwhile, dYdX (DYDX), the native token of Cosmos-based decentralized exchange (DEX) platform dYdX Chain, has surged in the past week. This comes as dYdX flips Uniswap (UNI) to become the largest DEX by daily trading volume. As the market growth pushes the dYdX price higher, analysts say a new trading platform’s native token could be one of the best crypto to invest in today. This outlook comes as trader attention increasingly flips towards Pullix (PLX), a hybrid exchange project that’s currently in presale.  Here’s a look at dYdX’s milestone. Also find out why Pullix could be one of the top investment opportunities in 2024.     dYdX Chain: DYDX surges as volume flips Uniswap dYdX (DYDX) currently sits top of the ranking as the largest decentralized exchange ( DEX ) by trading volume . This is after the Cosmos-based dYdX surpasse...

Despite their popularity, DEXs have a number of drawbacks that may be preventing growth. A new approach, however, has offered a way forward. In May 2022, at the tail of the crypto bull market, economist Eswar Prasad wrote an op-ed for the Financial Times arguing that DeFi’s promise as a means of democratizing finance was a long way from being realized. In his words, “For all its promise in democratizing finance and broadening financial access, the emerging reality suggests a concentration of economic power, while the risks fall largely on those investors least able to handle them.” Prasad is right that early DeFi projects catered almost exclusively to crypto natives, often called “degens” in Twitter parlance. However, he didn’t acknowledge that this is in fact a common pattern for any nascent industry crossing the chasm from fringe to mainstream adoption. New, transformative technology frequently starts out looking like a toy. The internet went through this same phase, as did many of ...

GMX token has been one of the top performers over the past day. After appreciating by 20.21% in the past 24 hours, this DeFi token was priced at $49.01 at press time. Well, the token has not rallied out of the blue. Just a day back, it got listed on a host of top exchanges including Binance, FTX, Crypto.com, and Bitget. Listings usually act as catalysts to elevate asset prices and the GMX token embodied a similar effect. 🔔 GMX is listed in the https://t.co/vCNztABJoG App! Buy $GMX at true cost with USD, EUR, GBP, and 20+ fiat currencies. Download the App to buy, sell, and send #GMX now 👉 https://t.co/jt6bDDqikg@GMX_IO pic.twitter.com/jo5MPzRpxP — Crypto.com (@cryptocom) October 5, 2022 There’s More to GMX’s rally other than listings Until recently, GMX was a token that was hardly spoken about by people from the industry. Now, over the past day, it has managed to take center stage. The token might have been brought back to life because of...