AI Token GRIFT Surges 44% Overnight, Market Cap Tops $40M

AI-powered tokens have been making waves in the cryptocurrency market, with ORBIT's native token, GRIFT, leading the charge. The token has experienced a significant price surge, jumping 44% overnight to reach $0.04646. This rapid increase has pushed GRIFT's market cap to $40.5 million, with $68.9 million in 24-hour trading volume, indicating strong investor interest and momentum.

The price of GRIFT has been volatile over the past day, fluctuating between $0.02882 and $0.04779. The 2-hour chart shows a strong bullish breakout, with GRIFT trading well above the 9-period EMA at $0.04061 and the SMA at $0.03894. Bollinger Bands indicate that the price is nearing the upper resistance at $0.04638, suggesting potential overbought conditions. On the 1-hour timeframe, the price has rebounded from the lower Bollinger Band at $0.03726, establishing new support. Resistance is now forming at $0.04838, with a breakout potentially pushing the token toward the next major level at $0.05. High volume supports the bullish momentum.

The shorter 1-minute chart shows a strong upward movement, with the 9-period EMA closely tracking price action. Bollinger Bands remain tight, indicating increased volatility and the possibility of sharp price swings. As of now, the token's fully diluted valuation sits at $46.1 million, with a circulating supply of 879.9 million tokens. The sustained demand for GRIFT suggests that AI-powered crypto narratives are gaining traction in the market.

As AI-powered crypto projects like GRIFT gain momentum, other projects are also making waves in the evolving AI-crypto landscape. MIND of Pepe (MIND) stands out as a next-generation meme coin with real utility, making it one to watch in this rapidly evolving sector.