According to leading financial analysts, AI crypto tokens could be the next big thing in the industry, reminiscent of the DeFi boom, metaverse mania, or memecoin explosion.
ChatGPT and other AI-driven technologies are trending throughout the social media and business worlds. Will this make him the standout winner of the three altcoins in the next bull market?
Why Crypto Trading Narratives Are Profitable
Stories, accurate or not, are often necessary for incredible ups and downs. For example, the final Bitcoin story was driven by its use as an inflation hedge. But as inflation kicked in, the top cryptocurrency suffered one of the worst downtrends ever.
Other recent stories include DeFi making Ethereum and associated coins more expensive, and Metaverse tokens skyrocketing after Mark Zuckerberg changed Facebook’s parent brand name to META. NFTs have also helped newcomers like Ethereum and Solana. Elon Musk made memecoins all the rage with a few tweets.
What all these assets have in common is that stories make money and in the market it all counts. For seasoned crypto investors looking for the next big story, you may need look no further than two letters: AI.
OpenAI’s ChatGPT is currently taking social media by storm. Artificial intelligence tools have already passed the bar exam, medical license exam, and MBA exam. It’s being used to write articles, tweet, solve equations, do homework, automate tasks, and more.I got used to it too Describing Bitcoin as Various CelebritiesThis platform presents undeniable potential.
AI crypto tokens have outperformed other altcoin categories | FETUSDT on TradingView.com
Analyst: Crypto AI Tokens on the Brink of a New Bull Cycle
AI Crypto Token has nothing to do with ChatGPT, but projects related to artificial intelligence have recovered significantly from the cryptocurrency bear market.
For example, Fetch.ai (FET) is up about 480% from its lows and over 200% in January 2023 alone. The Ocean Protocol (OCEAN) also stands out, recovering 230% from its lows and over 100% year-to-date. SingularityNET (AGIX) has beaten both of these by hitting lows three months ago and making more than 600% profit from the lows. AGIX said he moved over 460% in January 2023 with a week left.
The results are shocking, but there may still be a long way to go. Elliott Wave International currency and cryptocurrency analyst Jason Soni recently released a video about his three AI-linked cryptocurrency tokens that “could be on the verge of a new bull cycle.” Did. The exact cryptocurrencies analyzed in the video are none other than FET, OCEAN, and AGIX.
Soni’s analysis is available through Elliott Wave International’s Crypto Trader’s Classroom, with three new videos featured each week. This video analyzes where these altcoins are in the current market cycle and explains why they could go higher.
