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Top AI Coins Forecast: Bittensor, Near Protocol gain as Wintermute plans $1B AI bet
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FXStreet Forex & Commodities News
Wintermute, a London-based algorithmic trading company and liquidity provider, is planning to invest roughly $1 billion in high-frequency trading and Artificial Intelligence (AI) data centers over the next five years.
Meanwhile, crypto tokens in the AI sector, including Bittensor (TAO) and Near Protocol (NEAR), are showing mild recovery signs at the time of writing on Wednesday.
The broader cryptocurrency market is stuck in a bearish trend, with Bitcoin trading around $64,000, far from the record high of $126,200.
Meanwhile, top AI coins are exhibiting signs of a short-term recovery led by Bittensor above $200 and Near Protocol roughly at $1.65.
TAO/USDT daily chartImmediate resistance aligns at the upper Bollinger Band near $205, coinciding with the 50-day EMA.