The performance of GPU and AI projects does not seem to diminish in the near future. Considering the price actions in NVIDIA, we can assume the growth of hype over time in crypto as well.
The former hype on AI and GPU has shown itself with the massive pumps in RNDR (Render Network). It was one of few coins, including SOL, AVAX, and RUNE, that broke above their strong resistance levels and hyped the rest of the coins in the market.
Time to focus more on the side of AI, DePIN, and GPU might be one of the factors to let crypto skyrocket in the next bull run.
Current State in AI Ecosystem
According to AI and Big Data on CoinMarketCap, the $1.4B trading volume per day in the market conditions that is full of ambiguities!
This is a fantastic amount of attention on the ecosystem.
Some of the reasons for the green days and slightly going up trend might be related to the launch and performance of 2 new AI coins : AI & XAI
Since the launch of the project, there has been a buy pressure on it in the top - tier exchanges. Many people assume that even the name of the project is enough for it to make use of the AI hype.
Supporting this way of thinking, many of scalp traders had taken serious positions in the coin while it was getting new exchange listing news.
Besides XAI, the project called AI has also shown a nice performance since its debut.
What keeps a token strong is that the investors / traders create a narrative to attract the others to give their tokens and take their money at a right time. That way of thinking is showing itself in " forget what they produce; buy if it has AI in the hand " form of approach.
AI Bag in Bull Market
There is no doubt that crypto bags are created over the last three months. Most of us want to catch the next SOL in term of the " green only " days with crazy hype.
Actually, there should be room for all coins in the bags because we can never know what category will be the hottest in the bull market conditions. Thus, in the phase of preparation, I am on the side of checking the top AI projects to strengthen my guesses.
Among these top 5 coins, FET, Bittensor, and AGIX are the ones on my watchlist. Apart from these top AI coins, the performance of Chain GPT was unforgettable! As a launchpad that focuses on AI based projects, I am looking forward to taking a position on Chain GPT before the hype goes wild 🦍
However, we need to note that the investors see DePIN, AI, Big Data, Data Storage and GPU as a whole unit even though they have different types of focuses and solutions in the crypto ecosystem. Thus, leaving FET and Bittsensor would be turning back to the custom of crypto. Knowing that fact, I'm supporting it with RNDR and CLORE.
We need to discuss them more in InLEO 🦁
What AI crypto projects are on your bull run watchlist?
Share your bags below 👇
Hive On ✌🏼