LayerAI (LAI)LayerAI, formerly known as CryptoGPT (GPT), is a zero-knowledge roll-up Layer-2 blockchain which powers the AI platform that lets you monetize your AI data. That is, LayerAI is the first sustainable ‘to earn’ ecosystem that pays users for contributing data that is then sold in the global data marketplace.
Anyway, LAI seems to shown potential for growth in its chart. First, moving in a somewhat sideways channel, then broke the channel and went up as high as the width of the channel. Now, resting in a what to seem to be a triangle/flag pattern. If LAI keeps up with its own movement behavior, something like this could unfold. Let's see what happens.
Cryptogpt
Tokenomics Evolution: BTC vs CRGPT ( Bitcoin's Baby with AI)Hello Crypto enthusiasts, masters of charts, tokenomics and Cycles.
Today, we're dissecting the tokenomics of Bitcoin (BTC) and its innovative descendant, CRGPT, affectionately known as 'Bitcoin's Baby with AI'. This exploration delves into how CRGPT has adopted and enhanced the foundational principles of Bitcoin, propelling us towards a new era in cryptocurrency.
Bitcoin: The Pioneer 🌟
Bitcoin set the stage for cryptocurrencies with its revolutionary approach to digital money. Its deflationary model, characterized by a finite supply of 21 million coins, sought to mimic the scarcity and value retention of precious metals.
However, Bitcoin's reliance on the Proof of Work (PoW) consensus mechanism and its inherent scalability issues have led to significant challenges, including environmental concerns and limited transaction capacity.
CryptoGPT.io (CRGPT): The Evolution 🚀
In the spirit of innovation, CRGPT has emerged as a beacon of progress, building upon Bitcoin's legacy while addressing its limitations.
Here's a side-by-side comparison of their core tokenomics:
Finite Supply:
• Bitcoin: Capped at 21,000,000 tokens. 📉
• CRGPT: Also capped at 21,000,000 tokens, maintaining the deflationary principle. 🔄
Halving Schedule:
• Bitcoin: Halving occurs every 4 years, gradually reducing the reward for mining and slowing the introduction of new coins into circulation. ⏳
• CRGPT: Adopts a more aggressive halving cycle of every 2 years, accelerating the deflationary impact and potentially enhancing value growth over time. ⚡
Consensus Mechanism and Environmental Impact:
• Bitcoin: Utilizes Proof of Work (PoW), requiring substantial energy consumption for mining activities, which has raised environmental sustainability concerns. 🏭
• CRGPT: Moves away from PoW, embracing AI utility and proof of contribution. This shift significantly reduces the environmental footprint, aligning with global sustainability goals. 🌱
Scalability and Infrastructure:
• Bitcoin: Faces challenges with scalability and transaction throughput due to the limitations of its underlying technology. 📊
• CRGPT: Built on the Ethereum network, CRGPT benefits from enhanced scalability, programmability, and the robust infrastructure for decentralized applications (dApps), solving major scalability concerns. All tokens are minted and are being released gradually until 2061! 🌐
Extending the Innovation 🌟🚀
• Utility Beyond Value: CryptoGPT's AI Advantage 🧠
• Bitcoin is celebrated as a premier store of value.
• CRGPT extends utility beyond this, unlocking advanced AI tools and features, including Legacy AI and CEAI, enhancing real-world application utility.
Bridging Digital and Real Worlds: CryptoGPT's RWA Connection 🔗
• CRGPT connects digital assets with tangible value, integrating RWAs through Legacy AI and CEAI.
• Supports a deflationary model via token burns and rewards contributions to the ecosystem, enhancing both digital presence and real-world utility.
Going Ultra-Deflationary: Beyond Traditional Constraints 💥
• CRGPT amplifies the deflationary model, with every business and individual as potential collaborators for CEAI, deeply integrating into the real economy and AI innovation.
• Directly tying token burns to the utilization of AI services ensures a deflationary trajectory, closely linking the token's value to high-demand AI applications.
Looking Ahead 🌈
As we venture into this dynamic comparison, CRGPT's adaptations present a compelling case for the future of tokenomics. An evolution/revolution in Tokenomics:
By maintaining the deflationary aspect of Bitcoin and innovating with environmentally friendly practices, accelerated scarcity, and leveraging Ethereum for scalability, CRGPT signifies a significant leap forward.
The Chart:
The CRGPT chart, depicted with 4-hour candles, reflects a pattern reminiscent of Bitcoin's historical 2-day candle trajectory, highlighting the fractal nature of market movements across different time scales. 🔄📈
CRGPT's Early Growth:
Mirroring Bitcoin's initial upsurge, the CRGPT chart shows a steep climb in its nascent stages, suggesting a swift market acknowledgment akin to its precursor's early days. 🚀
Comparative Analysis:
This parallel in growth trajectories showcases the cyclical tendencies in crypto markets, where new entrants often follow the footsteps of established coins, hinting at potential future outcomes. 🔮
Speculative Forecast:
Observers might speculate that if CRGPT continues to follow this mimetic path, it could experience similar exponential growth phases as Bitcoin, adjusted for market maturity and technological advancements. 🌱➡️🌳
By examining CRGPT's current price action in the context of Bitcoin's historic patterns, traders and investors may glean insights into the cyclical nature of cryptocurrency growth and adoption. 📊💹
This journey through the tokenomics of Bitcoin and CRGPT reveals the ongoing evolution of cryptocurrencies. As 'Bitcoin's Baby with AI', CRGPT not only honors its lineage but also charts a course towards sustainable, efficient, and scalable digital finance.
Let's embrace this evolution together, exploring the vast potentials that lie in the fusion of traditional crypto principles with the advancements of AI and blockchain technology.
While Bitcoin can already aim for the Trillions, CRGPT could be able to flirt with the Billions. Especially if their AI RWA (real world assets) vision becomes a reality in an ever-evolving new digital+ AI era.
One Love,
The FXPROFESSOR 💙
Born on TradingView: From Sharing Ideas to Creating InnovationWhere dreams align and ambitions soar, TradingView stands as the home where the founders of CryptoGPT first crossed paths, and where they, alongside a community of visionaries, propelled their aspirations to new heights. The FXPROFESSOR reflects on this journey with profound emotion, recognizing that TradingView has been the fertile soil nurturing the seeds of innovation and collaboration that gave life to the CryptoGPT vision.
A Homage to TradingView:
The Cradle of Collaboration 🤝🌐 Within the vibrant forums of TradingView, a synergy was sparked among kindred spirits passionate about the art of trading and the science of cryptocurrencies. It is here that the essence of CryptoGPT was forged, melded by the spirit of a community that thrives on making each other better, on lifting each other higher.
TradingView:
Where Every Chart Tells a Story 📊💡 The FXPROFESSOR celebrates the unique tapestry of interactions that TradingView hosts - every chart, every insight, a verse in the grand narrative of financial evolution. TradingView is not just a backdrop for CryptoGPT's inception; it's a dynamic stage where the plot of our future is written.
A Token Infused with the Spirit of TradingView 🚀💼
As CRGPT tokens make their way to the forefront of the trading scene, they carry a piece of TradingView's soul - a relentless drive for progress, an unwavering commitment to community, and the unity that transforms visions into reality.
From TradingView to the Global Stage:
A Journey of Collective Triumph 🌟🌍 CryptoGPT’s impending debut on centralized exchanges is not just a milestone for the token; it is a testament to TradingView's role in shaping the leaders and innovators of the cryptocurrency world.
In Gratitude to TradingView:
The Bedrock of Our Story 🙏💫 With a heart full of gratitude, the FXPROFESSOR and the CryptoGPT team honor the platform that's been more than a meeting place - it's been a launchpad for growth, an incubator for groundbreaking ideas, and a community where every member has a voice that can echo into the annals of financial history.
Here to make you proud 🚀🤝🌟
One Love,
The FXPROFESSOR 💙
Ethereum's Promising Horizon - What's Next for ETH?📈🌟 Ethereum's Promising Horizon - What's Next for ETH? 🚀💡
Hi everyone, time to look at Ethereum, and I must say, Ethereum at this stage looks more promising to me than Bitcoin. For the coming weeks, my focus will be on Ethereum for quite a few reasons. Let's dive into the chart: we've witnessed a dip, and the 2850 level has now established itself as very healthy support. This pivot point was a former resistance in August 2022 and again more recently in January this year. It has now been confirmed as robust support, and I'm anticipating the price to rise to the levels of 3,700 and eventually 4,300. I'm setting my sights on new all-time highs this year or the beginning of next, targeting 6,000.
When we pivot to the fundamentals, we need to delve into the developments surrounding Ethereum ETFs and the SEC's expected decision. The SEC has postponed its verdict on Ethereum ETFs from powerhouses like BlackRock and Fidelity until late December 2023. This comes amid internal resistance within the SEC and varying degrees of optimism from industry experts regarding the approval of an Ethereum spot ETF, with predictions ranging widely.
Despite the delay, over 90,000 ETH have been withdrawn from exchanges, which could indicate a holding pattern in anticipation of regulatory decisions. Additionally, BlackRock's CEO has highlighted the potential value in Ethereum ETFs, particularly following the green light for spot Bitcoin ETFs.
Nevertheless, SEC Chair Gary Gensler's approval of Bitcoin ETPs and his cautious regulatory stance may not necessarily extend to Ethereum, which continues to maintain its influential role in the crypto conversation. With a crucial deadline approaching in May for the VanEck's application, the coming months are pivotal for Ethereum's ETF prospects and its market impact.
Stay tuned as we navigate these promising yet uncertain waters. Ethereum's journey is as dynamic as ever, and I'm here to keep you updated every step of the way.
One Love,
The FXPROFESSOR 💙
Links:
1. ambcrypto.com
2. u.today
3. en.cryptonomist.ch
4. en.bitcoinsistemi.com
5. www.newsbtc.com
6. ambcrypto.com
CryptoGPT CRGPT price will surprise many soonDo you believe that the future belongs to artificial intelligence and are looking for a project to invest in?
We'll give you some food for thought, and it's up to you to make financial or any other decisions.
We have superimposed the PAAL AI price movement fractal on the CryptoGPT coin chart (the projects are fundamentally quite similar, and there is a lot of information on the Internet to study and compare)
The difference between the projects that affects the price of the token:
- the maximum supply: CryptoGPT (21 million) vs PAAL AI (1b)
- CryptoGPT (currently traded only on DEX) vs PAAL AI (after DEX, it was listed on CEXs)
- current market capitalization of CryptoGPT ($30 million) vs PAAL AI ($400 million)
There are many clues, but then DYOR :)
_____________________
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🤖🚀 AI Elevates My Trading Game - The Future is Here! 💡🌐📈 Cardano's New Breakout is a Big one!
Cardano has proven to be a lucrative choice in our portfolio, breaking past its main resistance to find support at $0.4237. This isn't just a random spike; it's a strategic move backed by detailed analysis.
🤖 The Pro's Edge: AI Amplifies my personal trading Efficiency by 15%
Even as a seasoned trader, the addition of AI to my trading toolbox has been transformative. Elevating my efficiency by a remarkable 15%, this tool stands out as a market leader, opening up a world of possibilities in trading strategies. Imagine what it can do for beginners!
🔜 Future of AI in Trading: More Than Just Analysis
We're on the cusp of a new era where AI transcends analysis to execute trades, automate connections to exchanges, and even respond to voice commands. The integration of advanced analytics, social metrics, and machine learning is set to revolutionize our interaction with trading platforms.
💡 Revolutionizing Trading with AI
AI's evolution is poised to upend traditional trading strategies, leveraging cutting-edge technology. We're nearing the advent of the first AI-driven trading platform, offering custom learning solutions for all trader levels.
🎓 AI: A Boom for Beginners and Pros Alike
AI's transformative impact is not limited to novices; it's a powerful tool for experienced traders too. For beginners, it reduces risks and enhances efficiency, making trading more accessible and enjoyable. For pros like me, it's a significant efficiency booster.
🎤 Voice Command: My Go-To AI Feature
The voice command functionality of this AI tool is a standout. Whether I’m navigating through traffic or enjoying downtime, I can effortlessly get market updates or request analyses on cryptocurrencies like Cardano and Bitcoin, all hands-free.
🌟🛡️ Future of Risk Management: AI's Pivotal Role
Looking ahead, AI is set to revolutionize risk management in trading. By integrating AI, we can anticipate a future where trading is less about emotional reactions and more about strategic, data-driven decisions. This futuristic approach promises a trading environment where risks are meticulously analyzed and managed, enhancing our control over investments.
📊🤝 AI: Assisting, Not Replacing in the Trading World
Remember, AI is a powerful assistant, not a replacement. Our journey in trading begins with mastering Technical Analysis and crafting our own strategies. AI's role is to supplement and refine our skills, not to overshadow the human insight and judgment that are essential in trading. It's about striking a balance, combining the precision of AI with the depth of human expertise.
To sum up, the role of AI in trading isn't just supplementary; it's revolutionary. It's becoming an integral part of our trading experience, offering personalized assistance and advanced analytical capabilities. I'm excited to be at the forefront of this innovation, aiding traders globally in enhancing their trading outcomes with AI.
🤝🚀Time for the Trading community (with #Tradingview being the core of this) to use AI for the benefit of all traders within collaboration and ethical approach. Looking forward into a brighter future with AI in the mix.
One Love,
The FXPROFESSOR 💙
✨ AI Precision Scores Big in Live Trading! 📈🤖Hey Tradingview Fam!
We just saw the future last night , and guess what? It fits right in your pocket! Our AI tool rocked the charts from a phone, making calls like a boss. 📉➡️📈
This magic isn't just for the wizards of Wall Street; it's for the rookies and the trading titans among you. Let's always remember trading is powered by us, humans. AI is going to be our ultimate tool to get better and enjoy our trading more 👩💻👨💼
Imagine this: an AI that adapts to your style, learning the ropes from you. Think of it as your trading twin, keeping your head cool when the market heats up. 🧠🔥
And it's zooming our way, faster than we thought. With every tick of the market, our AI is leveling up. 💪
We're stepping into an era where AI merges the savvy of top traders into one powerhouse, enhancing our strategies and decisions. 🤖💡
Big shoutout to everyone joining this journey. Together, we're not just trading; we're evolving, smarter and stronger. 🚀🧠💪
Thank you for being part of this transformative leap. The future's looking bright, and it's ours for the taking. 🌟🛣️✨
One Love,
The FXProfessor 💙
Live stream: www.tradingview.com
CryptoGPT | GPTCryptoGPT raises funds at a FWB:250 million token valuation
GPT price today is $0.074 USD with a 24hour trading volume of 14 million dollar. CryptoGPT is up 12% in the last 24 hours
CryptoGPT announced raising HKEX:10 million from DWF Labs at a FWB:250 million token valuation but only HKEX:420 ,000 of the total amount has thus far been invested by DWF Labs, CryptoGPT co-founder and CTO Dejan Erja. CryptoGPT, a zero-knowledge layer 2 blockchain network attempting to leverage the success of artificial intelligence. The GPT token was launched last month and its current fully diluted valuation stands at around FWB:210 million, lower than what DWF invested
after making almost 3X since listing and a correction it tries to hit 0.079, 0.085, 0.089 and 0.093$ targets
$gpt usdt 4hr candle crypto hidden gemlow cap hidden gem, bullish,
GATEIO:GPTUSDT
Scalable Layer-2
CryptoGPT is a layer-2 that uses zkRollup technology
.The unique EVM-compliance makes the protocol open to massive codebase libraries, enabling easy and rapid onramp of developers and users.
Truly Distributed
CryptoGPT is carefully designed to be a network uncontrollable by centralized influence. The mining model and security align with activity.
#ProofOfActivity ensures the network’s security increases in parallel to adoption.
Totally Limitless
Immensely scalable, ultra low-cost transactions combine with empowering infrastructure – data capsules, AI tooling, pluggable earn launcher – to create a blockchain that can expand the abilities of the global economy with the economics of AI.
⚛️Review of the CryptoGPT(GPT) Project!!!⚛️Hello, today, let's review one of the cryptocurrency projects in the field of Artificial Intelligence(AI)🤖 from the fundamental point of view.
The reason for choosing this field is people's high acceptance of artificial intelligence🤖 in the new year; cryptocurrency projects also use this opportunity, but always check any project before investing💎.
Today's project name is ⚛️CryptoGPT(GPT)⚛️ .
As I have said before, I evaluate crypto projects based on various factors.👇
I have already introduced each of these factors with a brief explanation, so today, I will be looking at CryptoGPT(GPT).
🔥Let’s get into it:
🔰🔰🔰🔰🔰🔰
✅ Project Goals : CryptoGPT is introduced as a ZK Layer-2, allowing you to monetize your data with AI. Well, first of all, GPT stands for Generative Pre-Trained Transformer, which is basically how an AI language like ChatGPT gets massive databases pre-trained to enhance its services. So CryptoGPT is no more related to ChatGPT than being a rip-off chasing the hype around ChatGPT. Also, well-known L2s like Arbitrum and Optimism launched their tokens after their Mainnets were up and running when the users required governance control. Whereas CryptoGPT has launched its $GPT token already and states in its roadmap that the Layer-2 Mainnet Beta will launch in Q4 of 2023. So $GPT is currently no more than an ERC-20 token. The clout chasing done by this project has made our experts score the CryptoGPT project goals 2/10.
✅ Founders : There is little information about the founders of CryptoGPT. On their main website, Jamila Jelani is listed as part of the marketing team, whereas on some unofficial websites, she's introduced as the project's founder. CryptoGPT provides an AI language model called Alex, and when I asked Alex about the founders of CryptoGPT, I got the answer: "I'm sorry, but I don't have that information. However, you can visit the CryptoGPT website or do a quick online search to find the founders' names."
The fact that there is no proper information about the project's founders and the website owner is using a service to hide their identity is a huge red flag, so I have scored CryptoGPT's founders 1/10.
✅ Github : The project claims to be an AI-to-earn just like the play-to-earn games that were hyped in the crypto space during the end of 2021. Basically, how this works, according to the CryptoGPT website, is that you can turn your daily activities into data using AI and then sell it as something they call "NFT Capsules". They claim to be the only sustainable "to-earn" crypto project while also being a ZK L2 on Ethereum. But as of now, the only thing that exists is the $GPT token on Ethereum and Binance Smart Chain (BSC). There isn't a GitHub respiratory available for the project, at least none our team could find. Therefore I have scored CryptoGPT's Github 1/10.
✅ Inflation Rate : The $GPT token has a maximum supply of 3,000,000,000 (3 billion) tokens; no information is available on the circulating supply. Since there is no necessity for a project with these goals to have a token in the first place, I have scored the Inflation Rate of CryptoGPT 1/10.
✅ Community : CryptoGPT's Twitter account has 240K followers, its Telegram channel has more than 90K members, and its Discord channel has 20K members. Even though these numbers seem good for a crypto project's community, you should keep in mind that these are newly created accounts. For example, the Twitter account for CryptoGPT was created in February 2023, and gaining 240K followers in a month seems shady. That's why I scored CryptoGPT's community 4/10.
✅ Whitepaper : CryptoGPT doesn't have a Whitepaper yet and only provides a Litepaper for the project. In this Litepaper, the team states their goals and compares daily active users with other L2s on Ethereum, like Optimism and Arbitrum. The question is, how can they compare their users when the CryptoGPT Mainnet does not even exist yet? The thing about crypto projects is that they can claim to be unique and solve many issues in their Whitepaper, but the real thing is what's happening in the backend and coding of the project. Since this project doesn't have a whitepaper, I have scored CryptoGPT's Litepaper 3/10.
✅ Developers : The team only introduces 3 people as developers on their website. Of the three, only one is a backend developer, Emanuel Junior from Brazil. According to his LinkedIn profile, Emmanuel is a computer science graduate from a University in Brazil with more than 5 years of work experience. But just one developer isn't sufficient for a ZK Layer-2 since other L2s have huge teams of skilled devs working to improve their protocols. Since I couldn't find information about other devs working on CryptoGPT, I scored the developers 2/10.
✅ Tokenomics : According to CryptoGPT's Litepaper, the $GPT token distribution is as follows: 20% goes to the Public, 20% is allocated to Liquidity, Staking, and Market Makers, 3% goes towards the project's Marketing, 25% is allocated towards Data Mining Incentives, 16% for the team, 6% for partners and advisors, and 10% is allocated to a Development Reserve. But according to etherscan, the top 10 wallet addresses hold more than 85% of the $GPT token supply, which is extremely shady. That's why I have scored CryptoGPT's tokenomics 3/10.
✅ Venture Capital Investors : CryptoGPT has not done any funding rounds yet and therefore doesn't have any VC investors. The team might have decided to fund the project by selling their $GPT tokens which again is another red flag for investing in the project. This is why I have scored CryptoGPT's VC investors 1/10.
✅ Competitor Comparison : Compared to other ZK rollups on Ethereum, like Starknet and zkSync, CryptoGPT is basically already dead. Since these projects have amazing teams working on improving their projects and overcoming milestones, but a project like CryptoGPT just seems to want to use the hype around AI and ZK technology simultaneously without any actual creativity. Therefore I have scored CryptoGPT compared to its comparison 1/10.
🔔 In conclusion , CryptoGPT obtained a total score of 1.9/10. Does this score mean that the $GPT price will never rally? Definitely not. The $GPT token price can rally, but that doesn't change the project's fundamentals. Investing in CryptoGPT is extremely risky, even compared to other cryptos like Bitcoin and Ethereum. That's why if you want to invest in this project, it's best only to put in an amount you're completely comfortable with losing.