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Investor interest in projects at the intersection of artificial intelligence (AI) and cryptocurrency has surged recently. In 2024, as AI enthusiasm reached new levels, numerous cryptocurrencies that marketed themselves as AI-focused saw notable price increases. Despite the fascinating prospects at this technology crossroads, the recent burst of interest might have led to inflated valuations for many AI-themed cryptocurrencies. As is common in crypto markets, amid all the hype, only a few projects are likely to endure and maintain their value over time. In my opinion, Render (CRYPTO: RNDR) and Bittensor (CRYPTO: TAO) show genuine promise for long-term growth, offering tangible utility beyond mere buzz. Render is a blockchain network designed to democratize access to resources for content rendering, specifically high-powered video cards (GPUs). Launched in 2017, Render was born from the innovative idea of using blockchain to transform graphics rendering. Rendering—the process of generating detailed images from 3D models—requires considerable time and specialized hardware to meet the high-quality visuals demanded by modern cinema, video games, and other digital media. Render's blockchain connects users needing GPU power with those who have it, allowing creators to generate top-notch 3D content without investing in expensive equipment. Render employs a dynamic pricing system that assesses each rendering task's GPU requirements, distributing workload efficiently across the available GPUs on its network. An advanced algorithm manages resource allocation, with selected GPUs completing the rendering process to deliver the final output. Content creators compensate GPU providers with RNDR tokens, based on the complexity and resources used in their rendering tasks. #Altcoinseason2024 #Cryptocurrencies #CryptocurrencyAlert #AICryptoRevolution #TAO

Investor interest in projects at the intersection of artificial intelligence (AI) and cryptocurrency has surged recently. In 2024, as AI enthusiasm reached new levels, numerous cryptocurrencies that marketed themselves as AI-focused saw notable price increases.

Despite the fascinating prospects at this technology crossroads, the recent burst of interest might have led to inflated valuations for many AI-themed cryptocurrencies. As is common in crypto markets, amid all the hype, only a few projects are likely to endure and maintain their value over time.

In my opinion, Render (CRYPTO: RNDR) and Bittensor (CRYPTO: TAO) show genuine promise for long-term growth, offering tangible utility beyond mere buzz.

Render is a blockchain network designed to democratize access to resources for content rendering, specifically high-powered video cards (GPUs). Launched in 2017, Render was born from the innovative idea of using blockchain to transform graphics rendering.

Rendering—the process of generating detailed images from 3D models—requires considerable time and specialized hardware to meet the high-quality visuals demanded by modern cinema, video games, and other digital media. Render's blockchain connects users needing GPU power with those who have it, allowing creators to generate top-notch 3D content without investing in expensive equipment.

Render employs a dynamic pricing system that assesses each rendering task's GPU requirements, distributing workload efficiently across the available GPUs on its network. An advanced algorithm manages resource allocation, with selected GPUs completing the rendering process to deliver the final output. Content creators compensate GPU providers with RNDR tokens, based on the complexity and resources used in their rendering tasks. #Altcoinseason2024 #Cryptocurrencies #CryptocurrencyAlert #AICryptoRevolution #TAO

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MicroStrategy announced the expansion of the total amount of a 2032 maturity debt issuance, which will be used to purchase additional Bitcoin for the company's treasury. Initially, it was disclosed that the amount to be raised would be $500 million. However, on Friday, June 14, the company announced that the private offering for qualified institutional investors had been upsized to $700 million. An unspecified portion of the proceeds will be used to increase the company's Bitcoin holdings, currently totaling 214,246 BTC – equivalent to $14.2 billion at market prices, according to Blockchain Center data. While Michael Saylor's Bitcoin investment strategy has proven successful, the results could have been even better had MicroStrategy invested in Ethereum. Since the initial investment in August 2020, MicroStrategy has already invested over $7.5 billion to acquire 214,246 BTC, at an average price of approximately $35,315 per unit of the cryptocurrency. In nominal terms, the 88% profit yielded an additional $6.7 billion to the company's cash reserves. However, contradicting Saylor's assertion that "there is no second best," if MicroStrategy had invested $7.5 billion in Ether, the profit would have been considerably higher. This amount would have resulted in a treasury of 4,986,791 ETH, equivalent to $17.4 billion at current market prices. The net profit would have been 130%, meaning the investment would have yielded $9.8 billion to MicroStrategy's assets. The results could have been even better if MicroStrategy had staked its ETH holdings. With an average yield of 4% per year, the company could have accumulated an additional 499,821 ETH, totaling 5,486,613 ETH, currently valued at $19.1 billion. #altcoins #BTC #bitcoin #BlackRock #ETHETFsApproved
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