After the release of A important cpi report This week, the crypto market experienced a correction. However, this AI cryptocurrency was stole the spotlight, generating the most profit. Despite the recent decline in the market over the past few days, investors are now actively looking for top artificial intelligence (AI) cryptos to buy.
Prithvir, an analyst with nearly 5,000 followers on X (formerly Twitter), has shared insightful analysis related to AI cryptocurrencies. Let’s look at his insights.
RENDER (RNDR), Near Protocol (NEAR), and other top AI cryptocurrencies to buy now in 2024: Expert Analysis
Prithvir highlighted several catalysts driving the AI crypto market. These catalysts could set the stage for a boom in AI-related cryptocurrencies.
First of all, all eyes will be on NVIDIA’s earnings report on May 22, as the company’s performance is closely tied to the development and adoption of AI technologies. Additionally, ChatGPT’s highly anticipated GPT-4o announcement on May 13 has already generated considerable buzz, with investors closely monitoring the impact on AI-focused projects.
Tech giants are also ready to make their mark in the AI field. Google’s I/O conference on May 14 is expected to unveil new AI initiatives, while Apple’s Worldwide Developers Conference (WWDC) is likely to shed light on the company’s AI focus.
Additionally, the potential launch of GPT-4 by OpenAI at the end of June could be a key moment that will further increase interest and investment in AI-powered cryptocurrencies. These back-to-back catalysts have the potential to create a perfect storm for AI-related tokens, setting the stage for price movements.
How to make profit with AI coins this month 👀
I will cover:
– AI Catalyst
– Tokens affected by these catalysts
– my personal choiceDive in for some real alpha
1) AI Catalyst:
A) $NVIDIA Earnings on 22nd May
B) Announcement of GPT-4O on 13th May @chatgptap
C) @Google At the IO conference… pic.twitter.com/mUXzJTE1YR– Prithvir (@Prithvir12) 15 May 2024
Then, Prithvir provided insight into various AI-related tokens that may be affected by these catalysts.
WLD: Main proxy for OpenAI due to its association with Sam Altman. GPT-4o’s announcement was accompanied by a “Sell the News” program, which sent its price down 20% in the previous week. They advised not to trade this token due to its high fully diluted valuation (FDV) and risks associated with longing and shorting.
OLAS: The favorite AI agent coin of 2023 that has lost some momentum since then, although it is active on the Gnosis chain. Prithvir questions if it can make a comeback.
Exclusive: A trader’s favorite AI agent coin in the past month, which rose from $5 to $15 in two weeks but has since fallen back to $8. They cautioned against trading this token due to its absurdly high FDV of close to $1 billion.
FET, AGIX, OCEAN, and ASI: These coins appear to be quite valuable now and are no longer leading in AI runs, suggesting limited upside potential at the moment.
Prithvir’s personal choice: a) rndr (render): Prithvir finds Render to be one of the easiest times to get into NVIDIA-related news and Apple news due to the comparison of GPU networks and rendering software produced by Render, which Apple often showcases in various keynotes. He sees this as a good swing trade with the three-week time frame leading up to WWDC.
B) AR: A completely minted coin with a strong team moving towards AI with the launch of AI Computer. Prithvir considers it a “Chad team” with a tier-1 exchange listing, making it a “no-brainer medium-term hold” and currently his largest AI coin holding.
c) Near: Short positions from AR due to more limited leverage, but Prithvir believes it could become one of the consensus AI trades of this cycle due to its brand value, good liquidity and innovations in other areas such as on chain abstraction. Is.
Overall, Prithviraj recommends focusing on AI coins during the catalyst period, avoiding coins with predatory tokenomics and inflated FDVs, and prioritizing quality projects with strong teams, sustainable tokenomics, and working products.
Best low-cap AI cryptocurrencies with prospects
Crypto Boy, an analyst with 40,000 subscribers on YouTube, posted a video highlighting WienerAI (WAI) As the best low-cap AI crypto to invest in now with 100x potential. WienerAI is an AI-powered trading bot and meme coin designed with crypto trading efficiency in mind.
The technology integrates AI to enable lightning-fast transactions and predictive trading features for both experienced traders and newcomers. The AI interface also allows users to ask questions related to crypto investments, providing predictive analysis to find the best matches in the crypto markets. WienerAI’s presale has already raised $2 million.
Another AI worth considering is Crypto 5scapeIt is an ERC-20 utility token that serves as the backbone of the 5th Scape ecosystem.
Holding the 5SCAPE token gives users exclusive access to premium VR games, movies, educational content, and other immersive experiences within the 5th Scape platform. Users can also use 5Scape Tokens to purchase in-game items, power-ups, and other virtual goods within the various VR games and applications offered by 5th Scape. The project is also in pre-sale, with just under $6 million raised so far.
conclusion
The AI cryptocurrency market presents exciting opportunities for investors looking for innovative projects and growth prospects. Other established AI cryptos like Render (RNDR), Near Protocol (NEAR), and AR and WienerAI have attracted some attention from experts like Prithviraj and Crypto Boy for their strong teams, sustainable tokenomics, and working products.
Stay informed, diversify your portfolio, and consider investing in the best AI cryptocurrencies that fit your investment goals and risk tolerance.
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