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Over the past 48 hours, HashAI crypto has pumped more than +50%, but now, with HASHAI price in a localized retracement, what is HashAI crypto? And, what is next for HASHAI price action? Find out in HASHAI price analysis.
HashAi (HASHAI) is making waves in the crypto market, defying wider “restive” sentiment in the crypto community with an impressive 50% surge that has seen the relative newcomer outpace major players like Bitcoin, Ethereum, and Fetch.ai.
Excitement among retail investors has been fuelled by the idea that HASHAI could be the next FET, reflecting a potential shift in mood back towards AI crypto tokens.
HASHAI Price Analysis: As Next Big AI Crypto Coin Hits Local Retracement – Could HASHAI Repeat Success of FET?
So far, HashAi is up nearly +50% from all-time lows of $0.001808, and is currently changing hands at $.002271 (representing a 24-hour change of -2.27%), in a retracement from its recent all-time high of $0.002816.
Given the traction it has received in recent days, HASHAI supporters are confident this “weak” resistance level will be shattered within 24 hours, especially given the consolidation move has been well-defended by holders.
Indeed, the $0.002215 price level now forms the key level to watch, as buy pressure continues to force a grinding retest of capstone resistance.
If bulls can reclaim this target level, and flip it back to support, HASHAI price will be once again on-trend and poised for another major leg up.
This view is backed by bullish divergence from a cooled-off RSI at 48.52, and only minor bearish divergence in momentum on the MACD at -0.000028.
A leading signal suggests the future is bright: The average trading volume since launch is over $15.8 million (which is massive for a new project driven primarily by AI enthusiasts), generated from the over 8,000 token holders.
Additionally, it has been listed on CoinGecko and CoinMarketCap, two of the world’s top trackers – increasing the project’s visibility on the market.
Undoubtedly, with HASHAI inspiring significant interest, and with ongoing efforts aimed at rewarding early adopters, observers say the project is well-positioned to be a top contender in the multi-trillion AI space.
Part of the reason for the recent pump came after the HASHAI team attended the Nvidia GTC conference in San Jose, which shows their dedication to staying at the forefront of technology.
On launch, the team also burnt 5% of the total supply, making HASHAI scarcer and more alluring. This was done in conjunction with the launch of a community share pool.
The first staking deadline is April 5 by 10:45 PM UTC. The more tokens staked, combined with burning, the scarcer they become.
The Bottom Line: Could HashAi be the Next Big Thing?
HashAi is riding the AI wave and will release an AI-powered mining algorithm. Notably, this algorithm goes beyond traditional mining practices by:
- Optimizing hash power allows the platform to select and efficiently mine across supporter mainnets in real-time. The platform effectively maximizes hash power through optimization, ensuring miners reap the most. They currently have over 800 GPUs and 2 data centers.
- Because of automation, the platform handles the complexities of traditional mining, which typically involves manual adjustments. Miners can enjoy the process through HashAi.
With its unique AI-driven approach, focus on efficiency, and commitment to innovation, HashAi is carving a lucrative niche for itself. But, whether it can maintain its current momentum remains to be seen.
However, optimism for a listing on major exchanges like Binance or Coinbase could turbocharge demand, lifting valuations to record highs.
EXPLORE: Over 37% Of All ETH Is Locked In Smart Contracts: Will Ethereum Prices Roar Above $4,000?
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
