AI Cryptocurrencies to Observe in the Initial Week of May

AI Cryptocurrencies to Observe in the Initial Week of May

AI coins are still causing a stir as we kick off May, with Story (IP), Virtuals Protocol (VIRTUAL), and GRASS grabbing attention for diverse reasons.

Story has displayed a steady climb, yet it's falling behind the breakneck speed of other AI projects. On the contrary, VIRTUAL has skyrocketed over 80% in a week, fueled by the renewed enthusiasm for crypto AI agents.

Story (IP)

Story (IP) has seen a 5% increase over the past week, but it's struggling to keep pace with other top AI-focused coins during this period.

Despite the slow progress, Story possesses strong fundamentals and growing significance within the decentralized content space, making its recent price behavior worth keeping an eye on. Its market cap now hovers just above $1 billion, a psychologically relevant figure that may impact investor sentiment.

At the moment, IP is trading dangerously close to a critical support level at $3.82. If this support crumbles, the next massive downside target lies at $2.97. However, if the support holds and the momentum strengthens, IP could surge towards $4.49, and with strong buying pressure, push even higher to $5.04 or $6.61.

Virtuals Protocol (VIRTUAL)

VIRTUAL's run has been propelled by renewed interest in AI narratives and crypto AI agents. As AI stories regain traction, VIRTUAL has positioned itself as one of the primary beneficiaries, recovering from a quiet trading period.

VIRTUAL is approaching a crucial support level at $1.008. If this support is breached, the next potential downsides would be $0.84 and, under extreme selling pressure, $0.54. However, if VIRTUAL manages to maintain its momentum, it could pierce the resistance at $1.17.

A successful break above this resistance could pave the way for a move to $1.30, and with persistent buying pressure, even $1.50 – a level not seen since February 5 – could become within reach.

GRASS

GRASS performance has been underwhelming compared to other leading AI coins, with its price barely shifting over the last week. While many AI tokens have shown impressive rallies, GRASS has remained relatively stagnant, suggesting that bullish momentum may be waning.

Despite the lackluster performance, GRASS indicates underlying strength, but it remains uncertain whether it can capitalize on the broader AI narrative. The EMA lines are still bullish, with the short-term averages above the long-term ones, but the gap between them is narrow, hinting that the trend could change soon.

If selling pressure intensifies, GRASS could test the support at $1.63. Losing this support could lead to further declines towards $1.56 and even $1.45. On the flip side, if GRASS can gather enough strength to test and break above the $1.74 resistance, it could set the stage for a move higher to $1.82 and potentially $1.90.

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Enrichment Data:

Story (IP) Analysis

Current Performance (as of late April 2025):- Price: ~$3.70–$4.31[1][2]- Market Cap: ~$995 million[1]- Recent Volatility: Down ~3-4% intraday[2], with a 30% monthly drop yet 55% annual gain[2][5]- All-Time High: $7.33 (February 2025)[1]

Price Predictions- 2025: - Short-term: $5.12 by May 1, 2025 (+29.85% from $3.98)[2] - Year-end: $8.37–$13.46[1][3], with bullish scenarios up to $9.46[3]- 2030: $141.205 (Coinpedia)[1] or $20.02 (CoinLore)[3] – reflecting wide model variance.

Key Drivers- Layer-1 Blockchain: Targets intellectual property monetization, positioning itself as vital infrastructure for AI/content creation[1].- Token Utility: Used for gas, governance, and IP licensing[1], aligning with AI-driven asset tokenization trends.

Market Context for AI Cryptocurrencies

• Current Sentiment: Mixed, with Story’s Fear & Greed Index at 65 (Greed)[2], in contrast to earlier bearish signals (33 Fear in April)[5].
• Performance Drivers:
• Adoption of AI tools requiring blockchain-based attribution/licenses.
• Regulatory scrutiny on AI training data, potentially boosting decentralized alternatives.

For Virtuals Protocol and GRASS, consult project whitepapers or real-time trackers (e.g., CoinGecko) for updated metrics.

Story (IP) and Virtuals Protocol (VIRTUAL) are catching the attention of investors in the crypto market, given their recent performances. Story, despite a steady increase of 5% over the past week, lags behind other top AI-focused coins. Its current market cap of over $1 billion, a psychologically significant figure, may affect investor sentiment. On the other hand, VIRTUAL has skyrocketed over 80% in a week, fueled by renewed enthusiasm for crypto AI agents. Both coins are trading close to key support levels, with potential upsides if these levels hold.

In the case of Story (IP), a break below the critical support level of $3.82 could lead to a downward spiral towards $2.97. However, if the support holds, the coin could surge towards $4.49, and with strong buying pressure, possibly reach $5.04 or $6.61. VIRTUAL, on the other hand, is approaching a crucial support level of $1.008. A successful defense of this level could result in a break above the resistance at $1.17, paving the way for a move to $1.30, and even $1.50 under intense buying pressure.

Meanwhile, GRASS has underperformed other leading AI coins, with its price barely shifting over the past week. Despite this, the coin exhibits underlying strength, and market trends suggest it could either test the support at $1.63 or break above the $1.74 resistance, setting the stage for a move higher to $1.82 or $1.90.

AI coins are still causing a stir in the crypto market, with renewed interest in AI narratives and crypto AI agents driving the growth of coins like VIRTUAL. Investors are encouraged to conduct their own research and consult professionals before making any financial decisions. Join platforms like Uphold for early access to new tokens, effortless trading between various assets, and multi-asset support. Stay informed about market trends with resources provided by these platforms.

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