FETUSDT trade ideas
FETUSDT SHORT POSITION FET has been outperforming BTC these past couple of weeks. If we do see the AI narrative take over in 2023, then we will see this as one of the best performing ALTS in 2023. We currently tapped a resistance around - 0.4900 if we do break this level then I see 0.60 cents and 0.70 as our next big resistance levels.
Not Financial Advice.
Just My opinion. Goodluck.
Fet update fet has had a huge rally since my last chart..
Currently at an area of interest ..
Sat on the rising trend support, also the fib 0.618 as well as sat on old resistance, waiting for the 4hr Stochastic RSI to reset and turn up, aslong as it holds here, I'll be topping up in this region ready to begin another 100% move aslong as the AI hype remains and BTC behaves itself.
$FET sell the newsCHATGPT acquisition by Microsoft has led to a huge AI narrative pump...
... The only issue is...what fundamentally will sustain this AI crypto narrative?
Most of these AI cryptos do not have working tech, if they do, most of it is useless.
CHATGPT appears to have great tech, why would there be need for these crypto AI projects that don't even touch the sides of what CHATGPT does?
This could end with a huge sell the news event....
Keen eyes on the break of this RSI rising wedge
Bullish AI Narrative:FET has been outperforming BTC these past couple of weeks. If we do see the AI narrative take over in 2023, then we will see this as one of the best performing ALTS in 2023. We currently tapped a resistance around - 0.4700 if we do break this level then I see 0.50 cents and 0.65 as our next big resistance levels.
Not Financial Advice.
Just My opinion. Goodluck.
TOP ASSETS of the AI NARRATIVEThe release of ChatGPT into an open test version allowed everyone to use AI for their own purposes and needs. We were able to independently evaluate all of the benefits of AI. This trend has resulted in a surge in the number of projects in the crypto industry that use AI technologies. This idea is about the most effective and promising projects.
FETCH.ai
A product ecosystem in which the flagship products are:
CoLearn – joint creation and training of a neural network
Axim – combining and analyzing ML-based data
Atomix – providing stable liquidity and getting profit from the income generated by the protocol
Metrics of the $FET token:
Price: $0.27
ATH price:$0.9475
Market.cap: $220m
ATH market.cap: $708m
FDMC: $930m
Over the past 2 months, the $FET token has grown 4 times.
SingularityNET
A network of decentralized interconnected AI that can be combined to form a single AI that outperforms separate private components. Singularity NET is also a project incubator for AI-based projects in a variety of fields.
Metrics of the $AGIX token:
Price: $0.2
ATH price: $1.03
Market.cap: $235m
ATH market.cap:$452m
FDMC: $400m
Over the past 2 months, the $AGIX token has grown 2 times
Artificial Liquid Intelligence
A network that aims to create a metaverse called Noah's Ark in order to preserve humanity's culture, history, and collective intelligence. AlethiaAI developed iNFT technology for AI-powered NFT avatar creation, animation, and generation
Metrics of the $ALI token:
Price: $0.036
ATH price: $0.12
Market.cap:$58m
ATH market.cap:$86m
FDMC: $362m
Over the past 2 months, the $ALI has grown 3 times
Ocean
A data monetization protocol based on ERC-721 and ERC-20 data tokens. Any user can buy and sell datasets on the project's marketplace
Metrics of the $OCEAN token:
Price: $0.26
ATH price:$1.7
Market.cap: $164m:
ATH market.cap: $322m
FDMC: $378m
Over the past 2 months, the $OCEAN token has grown 2 times
ORAICHAIN
Layer 1 blockchain for AI-powered data economy and Oracles. Oraichain combines AI and blockchain for innovation and, as a result, should revolutionize both directions to make them compatible and integrable. Oraichain focuses on providing decentralized platforms for data and AI, standardizing methods to validate AI-based calculations on the chain, and ensuring AI correctness. In the field of blockchain, Oraichain focuses on the scalability and compatibility of its oracle solutions and services with other networks in order to expand the usefulness of the Oraichain ecosystem
Metrics of the $ORA token:
Price: $4.24
ATH price: $102
Market.cap: $8.7m
ATH market.cap: $77m
FDMC: $83.9m
Over the past 2 months, the $ORAI token has grown 4 times
BitTensor
Bittensor is an open source protocol that provides a decentralized blockchain-based machine learning network. Machine learning models are co-taught and rewarded in TAO based on the information value they provide to the team. TAO also provides external access, allowing users to extract information from the network and tailor its activities to their needs.
$TAO is not traded on DEX or CEX; the only way to purchase $TAO is through the OTC market and transfer tokens to the polkadot wallet. Since the beginning of trading in $TAO in July, the price of the token has increased nearly tenfold
Conclusion
The advancement of AI adoption and usage, as well as the benefits that it provides, ensures the growth of AI projects in addition to the positive market. We implement and use AI for our operational tasks as a company that wants to be successful in the market and gain advantages. Write in comments your thoughts about mentioned projects and ways of using AI for you! Thanks for reading