• With OpenAI’s new model on the horizon, some altcoins are likely to outperform.
  • Investors can refer to the Artificial Intelligence sector of altcoins to maximize gains.
  • Worldcoin, andTokenFi could continue to outperform their peers.

The Artificial Intelligence (AI) company OpenAI announced on Tuesday that it has begun training its new frontier model.

OpenAI has recently begun training its next frontier model and we anticipate the resulting systems to bring us to the next level of capabilities on our path to AGI.”

This news, coupled with rumors that the GPT-5 (Generative Pre-trained Transformer) has already been trained, suggests that the release of the next model is not too far away.

Some sectors of cryptocurrencies tend to be swayed by the developments in the AI field. For example, the GPU-manufacturing company Nvidia’s earnings played a key role in some AI-based altcoins' performance. Likewise, the release of the highly anticipated GPT-5 model could trigger a similar rally in the AI category of altcoins.

Read more: AI, meme coins and prediction market tokens soar ahead of Ethereum ETF decision

AI cheat sheet for GPT-5 release

Below is the performance of some of the AI-based altcoins. TokenFi (TOKEN) is a clear winner, with a 37% gain in the past seven days. The gains of other cryptocurrencies are minuscule and cannot be compared with TOKEN. 

AI Altcoins’ performance 

AI Altcoins’ performance 

Regardless of their performance in the last seven days, here are two tokens that could see a massive boost in the upcoming days. 

  1. Token (TOKEN), due to the momentum it has. 
  2. Worldcoin (WLD), due to its connection with OpenAi, i.e., Sam Altman.

Read more: Worldcoin price could rally 20% if Nvidia earnings beat estimates

Let’s understand where the TokenFi price could go next.

The 12-hour chart for TOKEN shows that it is at a critical point in its uptrend journey. So far, the TokenFi price has surged 42% in the past two weeks and is currently retesting $0.161, the midpoint of the $0.0762 to $0.246 range. Additionally, this level coincides with the Volume Profile’s high-volume node. This indicator tracks the distribution of trading volume across different price levels and can be interpreted as places of high-volume and low-volume nodes. The former can serve as a support or resistance level depending on the relative position of the price. The latter, however, is seen as liquidity pockets that act as buy zones and attract price reversals. 

Going forward, in case of rejection at the $0.161 key hurdle, investors can expect TOKEN to retest the $0.135 and $0.129 support levels . This 15% correction can be a good opportunity to accumulate for sidelined and long-term investors. The Relative Strength Index (RSI) is hovering in the overbought zone and supports the potential pullback. However, investors need to note that there are no short-term sell signals that support this correction. 

Regardless, if the said pullback occurs, TokenFi could stablize around the above-mentioned levels. Following this, a bounce could see TOKEN attempt a retest of the 62% retracement level at $0.181, which coincides with Volume Profile’s high-volume node, making it a good level to book profits, at least for swing traders.

TOKEN/USDT 12-hour chart

TOKEN/USDT 12-hour chart

On the other hand, if TokenFi price fails to bounce around the $0.135 and $0.129 levels, it could denote weakness among buyers. In such a case, TOKEN bulls could have a chance to form a base around $0.110, which is called the Point of Control (POC) and is the highest volume traded level for the selected range, according to the Volume Profile indicator. 

A breakdown of $0.110 level will create a clear break of market structure by producing a lower low below the May 23 swing low of $0.108. Such a devastating move would invalidate the bullish thesis and could trigger an extra 30% correction to $0.0762.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Ethereum has lost its “ultra” sound money status, faces key rectangle resistance hurdle

Ethereum has lost its “ultra” sound money status, faces key rectangle resistance hurdle

Ethereum is up 0.5% on Thursday following a recent analysis showing that the top altcoin lost its "ultra" sound money narrative. Meanwhile, ETH ETFs recorded net inflows for the first time after nine days of consecutive outflows.

More Ethereum News
Solana bears dominate market as SunPump has potentially led to less demand for SOL

Solana bears dominate market as SunPump has potentially led to less demand for SOL

Solana is down 2.5% on Thursday following bearish signals across its funding rate and total fees captured. SOL's weak performance could also be linked to the declining traction seen in its meme coin generation platform Pump.fun.

More Solana News
AI tokens see narrow gains as Wall Street banks raise price targets on NVDA

AI tokens see narrow gains as Wall Street banks raise price targets on NVDA

AI tokens NEAR, ICP, RENDER and TAO briefly traded in the green on Thursday following Wall Street banks' positivity toward Nvidia's earnings report. While a correction followed, these tokens could rally if NVDA meets expectations.

More Cryptocurrencies News
XRP back above $0.57 even as Ripple traders take $8 million in profits

XRP back above $0.57 even as Ripple traders take $8 million in profits

Ripple (XRP) traders have consistently taken profits on their holdings in the last two weeks, per Santiment data. Once again, traders have grabbed $8.36 million in profit so far on Thursday. Typically, profit-taking negatively influences the asset as it increases the selling pressure. 

More Ripple News
Bitcoin: Will BTC continue its ongoing decline?

Bitcoin: Will BTC continue its ongoing decline?

Bitcoin (BTC) trades above $59,000 on Friday, but it has lost 7.5% this week so far after being rejected around the daily resistance of $65,000. The decline is supported by lower demand from the US spot Bitcoin ETFs, which registered a net outflow of $103.8 million, falling Bitcoin's Coinbase Premium Index, and a spike in Network Realized Profit/Loss. However, some investors seem to be taking the chance to buy BTC amid this price dip, as shown by the Exchange Netflow data.

Read full analysis
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

BTC

ETH

XRP