Crypto analysts mark AI coins to be the likely sector to be most successful this bull cycle.
They say AI will be to this bull cycle as gaming was for the last bull cycle.
Impressive performance from AI coins like FET and ARKM point to high surge possibilities.
According to a popular face in the crypto realm, AI coins will be the most to spike in the coming crypto golden bull run. He believes that the AI sector will boom inexplicably and outrageously this bull season.
AI is this cycles gaming from 2021. Lack of product. High level speculation. Lot of mainstream media coverage (NVIDIA, Sam Altman, etc) Last cycle, gaming was literally the highest growing industry amidst COVID gaming spikes. While gaming still has a huge avenue to Valhalla…
— Jonny (@0xHustlepedia) May 13, 2024
In detail, Founder of Nexus Labs and This Thing of Ours NFT gaming as well as host of Crypto Banter, Jonny says this bull cycle’s shining sector to see the most games will likely be the AI sector. According to him, AI is for this bull cycle as gaming was for the previous bull cycle. This is highlighted by the performance of AI tokens such as FET and ARKM that are performing well alongside popular tokens like SHIB.
$FET (Update)Current Overviewhttps://t.co/D6adSbHmXzThe chart and target are almost identical to #SHIB. As long as it holds above the triangle resistance, the target will be the level indicated in the chart. Keep monitoring.@Fetch_ai #crypto #bitcoin #btc #web3 #FETUSDT pic.twitter.com/4DZfO761Aq
— CryptoBreakout_trade (@breakout_expert) May 20, 2024
He begins by saying that gaming is still very much a relevant and bullish sector this season. With its huge avenue to hit new highs this bull cycle, gaming tokens are a good hold. However, he states that wise investors should put smart money in AI coins and AI-centric projects.
To highlight, he states that gaming was the highest growing industry as the COVID era led to a spike in gaming. Now, the competition for this sector is higher than ever with new coins launching almost daily. Gaming chain all over the industry led to fierce competition for liquidity and the spike may not be as high this cycle when compared to the last.
Meanwhile, he believes the AI sector is in a much better shape to print high this cycle. After all, this is a relatively new sector in the space that has yet to have spiked in a bull cycle. Many are yet to even have solid products and being pumped by high expectations, media attention, and impressive partners like Nvidia.
This makes AI coins a new shiny toy for most investors looking to ride the wave of a new narrative. Thus, he believes the revenue flow will be stronger towards AI coins than towards gaming coins, even though the latter still holds strong potential.
Adding to this train of thought, many other crypto traders, analysts, and enthusiasts also point AI coins to be the top gainers this cycle. Although, almost all express how important it is to have a mixed bag and that gaming coins are still a promising bag to hold.
Disclaimer: This article reflects the views of the trader and the writer alone and is for informational purposes only. It does not reflect the views of CryptoNewsLand, nor is it intended to be used for legal, tax, investment, or financial advice.
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The post AI Coins Like FET Is This Bull Cycle’s Most Bullish Crypto Sector Like Gaming in 2021, Crypto Analysts Believe AI Coins Will Moon High appeared first on Crypto News Land.
