BeInCrypto highlights the top-performing AI coins of the week, including Covalent （CQT）, Victoria VR （VR）, and AIT Protocol （AIT）, despite a mixed market performance.
Points
- Covalent （CQT） leads with a 337% rise.
- Victoria VR （VR） sees a 55% increase.
- AIT Protocol （AIT） gains 41%.
The crypto market has had an interesting week, with many Artificial Intelligence （AI） tokens experiencing
both rallies and declines. Despite the mixed performance, some AI tokens managed to bring significant profits to their investors. Here are the top three AI coins of the last week of July 2024, highlighted by BeInCrypto:
Covalent （CQT）
Covalent’s price was not only the best-performing AI token but also among the top tokens overall this week. At its peak, CQT rallied to $0.0391, marking a staggering 2,077% rise before declining. The broader market cues caused a decline, bringing CQT down to $0.016. Despite this, the token still recorded an impressive 337% increase.
Victoria VR （VR）
Victoria VR saw a stable rally, rising by 55% from $0.00605 to $0.00956. This price increase brought the token to a monthly high, nearing a breach of $0.00957. If successful, this could push Victoria VR to $0.01112, continuing its bull run and reclaiming losses noted throughout May and June. However, a failed breach could lead to a drop to $0.00800, further declining to $0.00718.
AIT Protocol （AIT）
AIT Protocol gained 41% over the last seven days, trading at $0.118 after failing to breach the resistance at $0.180. This resistance level slightly hurt the short-term profits of AIT holders. The token is now facing a barrier at $0.133, breaching which is imperative to reclaim the losses noted this week. Rising back to $0.180 would encourage investors to refrain from booking profits.
If AIT Protocol does not manage to rise past $0.133, a decline to $0.100 is likely. Falling below this level will invalidate the bullish scenario.