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AI: Next - Big - Thing
The crypto ecosystem has had countless narratives to energize the market even in the deep bear market conditions. Even though some narratives were too unrealistic, there are some fundamental stories to change the destiny of the market such as Spot ETFs, AI and blockchain integrations and Web 3.0 adoption.
So far we have taken firm steps in all these innovative sides of blockchain with Bitcoin Spot ETFs, Web 3.0 projects such as Hive and InLEO as well as AI-based crypto projects such as RNDR, FET, CLORE, and Bittensor.
What factors boost crypto AI projects and what will be their future?
First of all, AI focused projects performance are always tied to the performance or valuation of NVIDIA in NASDAQ exchange as it is seen as the leading GPU vendor in the world.
For AI con investors, the case might be two sided. Initially, the performance of NASDAQ needs to be considered as the market assumes that there is a correlation between them. Later, the AI hype on the market should be observed.
For those who are new to AI projects, the name can be Distributed Computing - DePIN or the category of AI in crypto tracking platforms.
It has never happened in crypto 🙃
Artificial Intelligence is a potential weapon or saver in the hands of people However, the projections that the robots start to rule the world look hilarious and scary as they give birth to some negative attitudes against the most popular technological advancement.
Is AI Smarter than us? According to the current circumstances, AI's creativity is limited to the scope of LLM (Language Learning Modal) of the product. Yet, it does not mean that AI will not affect your life and investment decisions.
After the debut of ChatGPT, it was obvious that our lives had changed and we entered another world that is "scaffolded" by AI power.
Since then, the AI tools have been everywhere to make our lives easier. There are technical tools that can minimize the workload with a short response time. It is always better to have a List of Handy AI Tools and their manuscripts to utilize in your work.
Besides, investors can also adopt some AMM (Automated Market Makers) that operate with the help of AI models. Apart from AI in DeFi, the most common integration is the GPU power through rendering operations.
AI is a hot narrative that will keep its strength for a very long time until the projects' tokens are overvalued in a bull market.
Thus, all products of AI driven world are valuable for long-term investors.
This is just a representation of AI hype on the chart of RNDR. Actually, the project is number 1 AI coin for many people thanks to its perfect GPU rendering system that uses RNDR token for transactions. Besides RNDR, there are several AI projects that crypto investors folllow closesly.
If you are interested in AI projects and you believe that they can bring a good fortune for the long term investors, you may choose to add them in your watchlist.
RNDR, FET, Bittensor or Clore. All of them have a certain level of popularity in crypto. If you choose to make a bag of AI projects, then the market caps and the technical charts might be pretty useful.
An example AI bag may consist of big marketcap projects like RNDR, FET, AKT to lower the risks you take. For the side of gems, TAO and CLORE might be nice fits. By the way, the new coins AI and XAI should be scrutinized while they are still in early phases.
How do you invest in AI?
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