As the first week of October 2024 wraps up, several Artificial Intelligence (AI) coins are making waves with standout price performances and increasing investor interest.
In this analysis, BeInCrypto highlights the top three AI coins dominating the market, examining the key drivers behind their rise and what could be on the horizon in the coming weeks.
DIA
DIA is a company specializing in cross-chain oracles for Web3. It delivers services like digital asset price feeds, adjustable NFT floor price feeds, multi-chain randomness for DeFi and GameFi applications, and the creation of bespoke oracles for decentralized apps.
DIA surged 47.79% over the past seven days, ranking it among the top-performing artificial intelligence coins during this period. Its price skyrocketed from $0.41 on September 29 to $0.92 by October 1, marking an impressive 124% gain. Following this surge, the price corrected back to $0.59.
Despite this retracement, DIA’s Exponential Moving Average (EMA) lines remain bullish. The short-term EMAs continue to stay above the long-term ones, signaling that the bullish trend is still intact, although it has weakened compared to the earlier peak.
Read more: How Will Artificial Intelligence (AI) Transform Crypto?
The DIA’s Relative Strength Index (RSI) currently stands at 44.68, which suggests it is neither overbought nor oversold. RSI is a momentum indicator that ranges from 0 to 100 and is used to gauge whether an asset is overbought (above 70) or oversold (below 30) territory.
With DIA’s RSI at 44.68, it indicates that the asset is in a neutral zone, showing steady movement without extreme pressure in either direction. This level suggests there is still potential room for upward growth before hitting an overbought condition. That implies that DIA could have more upside momentum ahead.
