Top 3 Artificial Intelligence (AI) Coins of the First Week of December 2024

The artificial intelligence coins sector saw remarkable price action this week, with three tokens recording gains above 80%. Node AI (GPU) led the surge with a 93.77% increase, followed by PlatON Network (LAT) at 85.86%, and LimeWire (LMWR) with an 84.33% rise.

These projects serve distinct purposes in the AI space — Node AI provides computational resources, PlatON focuses on privacy computation, and LimeWire offers AI-powered content creation tools.

PlatON Network (LAT)

PlatON Network (LAT) emerged as one of the best performers among artificial intelligence coins, with a market cap of at least $100 million, achieving an impressive 85.86% weekly price increase.

The project focuses on delivering privacy-preserving computation capabilities through its open-source platform.

From a technical analysis perspective, LAT is showing strong bullish signals with its EMA indicators, though the RSI reading of 77.8 suggests the asset may be approaching overbought territory.

While continued momentum could push the price toward the $0.020 target, traders should remain cautious as the elevated RSI levels could trigger a pullback. In such a scenario, LAT might retreat to test support levels at $0.011, with a potential further decline to $0.0095 if selling pressure intensifies.

LimeWire (LMWR)

LMWR, demonstrated remarkable momentum with an 84.33% price surge over the past week. The platform defines itself as an artificial intelligence studio and social ecosystem that empowers content creators to harness generative AI technology.

Despite its recent gains, LMWR remains significantly below its 2023 all-time high, with a current deficit of 79.93%.

While the token maintains an upward trajectory, technical analysis suggests increasing proximity to short-term moving averages, which could signal an impending trend reversal.

Price action indicates potential resistance at $0.48 if bullish momentum persists, though a downturn could see LMWR testing support levels at $0.32, with a possible deeper retracement to $0.21.

NodeAI (GPU)

Node AI (GPU) has demonstrated exceptional performance over the past week, recording a 93.77% price increase.

The project has carved out a niche in the artificial intelligence infrastructure space by creating a marketplace that bridges GPU node operators with users seeking computational resources for artificial intelligence applications.

The coin achieved its peak price of $2.74 in April 2024, and the current market suggests continued upward potential. In that case, $2.45 serves as the next significant resistance level. A breakthrough above this mark could propel GPU toward establishing new record highs.

However, market participants should note the possibility of a trend reversal, which could trigger a decline to the $2 support level, with a potential deeper correction to $1.4, representing a 35% drawdown from current prices.