Watch These 3 AI Coins As Intel Stock Skyrockets

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As a seasoned researcher with over two decades of experience in both traditional finance and cryptocurrencies, I have witnessed the fascinating intersection between the two worlds. The surge in Intel stock could indeed be an indicator of positive trends in the AI sector, which is noteworthy within the crypto space.

Intel Corporation’s stocks, symbolized as NASDAQ: INTC, showed a significant boost of almost 8% during extended trading on Monday. This surge followed an announcement by Intel’s CEO, Pat Gelsinger, detailing the company’s strategy to reduce expenses and revitalize its operations. The potential rise in value for Artificial Intelligence (AI) associated tokens could be influenced by this positive development with Intel.

Intel Stock Extended Gains Could Spill Over Into Crypto

On Monday, shares of the struggling semiconductor manufacturer experienced a 8% increase, following the announcement by its CEO that the company has achieved significant cost reductions due to job cuts.

Watch These 3 AI Coins As Intel Stock Skyrockets

Furthermore, the company intends to strive for more autonomy by transforming its semiconductor division, Intel Foundry, into an independent entity and possibly offering its chip-manufacturing services on the open market.

INTC is trading at $22.58; analysts project it could surger higher to $25 and $35. 

AI Coins To Watch Out For As INTC Surges

The chip-making business boom has shed light on the AI sector within the crypto space. These cryptocurrencies stand to benefit from the growth of giant computer chip manufacturers. 

1. Render (RNDR)

Transform: A front-runner in the field of multi-chain, decentralized platforms specializing in GPU computing, it provides the processing power necessary for running demanding computational tasks like 3D modeling, artificial intelligence, and other GPU-heavy activities.

The price of RNDR, the token from Render, currently stands at $4.77 following a 3.8% decrease in the past day. This AI-focused project has been maintaining its position above the $4 support for more than a month now, suggesting that buying RNDR at these levels could potentially be a smart investment move.

Watch These 3 AI Coins As Intel Stock Skyrockets

Watching the escalating gains of Intel stocks, I can’t help but feel a ripple of optimism for the cryptocurrency Artificial Intelligence (AI) sector. If this positive market sentiment carries over, it might just propel RNDR skyward by an estimated 134%, potentially reaching $11 or even beyond!

2. Near Protocol (NEAR)

The Near Protocol is a layer-one blockchain with a $4 billion market cap, designed to help developers construct decentralized applications, often abbreviated as dApps. It stands out among other blockchains by addressing the blockchain trilemma – striking a balance between security, scalability, and decentralization – through its innovative technology, Nightshade, which enables faster transactions at lower costs with increased transaction volumes.

NEAR coin price has increased by 0.4% in the last 24 hours and is trading at $3.99.

Watch These 3 AI Coins As Intel Stock Skyrockets

At the beginning of the year, NEAR‘s price surged beyond a significant barrier and hasn’t dropped below it since. This crucial level, set at $4.00, has been challenged twice previously but managed to stay robust. This could offer an opportune moment for investors to jump in as Intel stock appears poised for its next upward surge.

3. Artificial Superintelligence Alliance (FET)

The Artificial Superintelligence Alliance is a decentralized AI system operating on the Ethereum network’s main platform. Their primary offering is Agentverse, an engine that enables the construction of various artificial intelligence agents such as NFT creators, chatbots, smart contract generators, AI trading advisors, and numerous other applications.

Although the Artificial Superintelligence Alliance’s project boasts strong qualities, the value of its native token, FET, has significantly decreased from its all-time high (ATH) achieved in March.

Watch These 3 AI Coins As Intel Stock Skyrockets

As a researcher, I’ve observed that despite a dip, the Artificial Superintelligence Alliance’s price found solid support at approximately $0.8, subsequently jumping by an impressive 65%. Now, I’m closely watching FET as it seems poised to finish a bullish continuation pattern, potentially propelling it another 40% to reach around $2.10. If the momentum in Intel stock persists, FET could outperform and breach the $2.10 mark, aiming for the next significant resistance level around $3.50.

Conclusion

In a rapid convergence, old-school financial technology (FinTech) and modern FinTech are blending together. Major chip manufacturers are impacting machine learning initiatives and leading AI cryptocurrencies, while traditional mining operations significantly affect Bitcoin‘s price predictions. If Intel’s share prices keep rising, it could trigger a crypto-AI price surge in the near future.

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2024-09-17 13:48