OpenAI CEO pursues $7 trillion for AI chip ventureToken Metrics predicts potential price hikes for QI, XCN, ZEPH, Banana Gun, GHX tokens if project secures fundingCEO of OpenAI aims for $7 trillion investment in AI chip initiativePotential token price surges anticipated by Token Metrics if AI chip project receives fundingFunding sought by OpenAI CEO could impact prices of QI, XCN, ZEPH, Banana Gun, GHX tokens, says Token Metrics
In recent news, OpenAI's CEO, Sam Altman, has been making headlines for an intriguing venture. Reports suggest that the mastermind behind ChatGPT is aiming to secure an astonishing $7 trillion for a groundbreaking project poised to revolutionize the Artificial Intelligence landscape.To put this into perspective, the proposed funding surpasses the combined GDPs of Mexico, India, and South Korea. Altman's focus is on developing Artificial Intelligence chips designed to enhance the capabilities of advanced language models, such as ChatGPT, with a plethora of new and improved features.According to Token Metrics, the potential realization of this $7 trillion investment could lead to significant price surges for various Artificial Intelligence tokens. Altman is currently in discussions with the United Arab Emirates, seeking funding ranging from $5 trillion to $7 trillion for the AI chip project. Despite facing funding challenges, the project also encounters technical and regulatory obstacles.The envisioned chips are intended to execute complex operations at high speeds, vastly improving the efficiency of training and running Large Language Models (LLMs) like ChatGPT. OpenAI currently spends approximately $12 million monthly on cloud computing services to operate ChatGPT and other AI tools. With the continuous advancement of GPT, this figure is expected to rise, prompting the need for chips that can operate efficiently without heavy reliance on cloud service providers.The Wall Street Journal suggests that these chips could potentially make running AI tools ten times faster and more cost-effective. This development has garnered attention from the cryptocurrency market, with Token Metrics identifying five AI tokens poised for significant growth if Altman secures the $7 trillion funding.These AI tokens include:1. BENQI (QI): A decentralized finance (Defi) protocol leveraging AI for lending and borrowing rates on the Avalanche network.2. Onyx (XCN): A decentralized AI network enabling the creation, sharing, and monetization of AI services and models.3. Zephyr Protocol (ZEPH): Connecting AI developers and users, providing incentives for enhancing the quality of AI solutions.4. Banana Gun: A gaming platform utilizing AI to generate unique and personalized game worlds and avatars.5. GamerCoin (GHX): A gaming token rewarding users for playing, creating, and sharing games on the GamerHash platform, optimizing the use of idle computing power through AI.It's essential to note that cryptocurrency investments are highly volatile, and readers are advised to conduct thorough research and make informed financial decisions. The information provided by Voice of Crypto is intended for accuracy, but readers should be cautious of any missing facts or inaccuracies.
#openai #QI #XCN #ZEPH #GHX
$QI

The bulls are in control of the market today. Not by a wide margin, but control is control. This is shown by the 0.36% increase in the crypto market’s total market cap, from $1.67 trillion yesterday to $1.68 trillion.

Just like yesterday, more larger-cap cryptocurrencies are turning red, with the bears backing the bulls into a corner and forcing them to exert control with the smaller altcoins.

Over the last 24 hours, the total crypto liquidations have remained almost the same, this time, with the bulls taking the worst beatings overall from the $174 million in total liquidations. Overall, we can conclude that the bulls may have control over the market, but they are currently grasping at straws to keep it.  

Bitcoin Holds Well Above $41,900
According to the chart below, Bitcoin has spent yet another day, preventing a drop below $41,900.

This is a good sign because a BItcoin break below this support zone might present a stronger decline to $40,400. The price action of Bitcoin at the start of 2024 is largely dependent on the yearly candle close from the previous year.
If Bitcoin were to end the year under a crucial resistance point, say, $40,000, it doesn’t paint a very bullish outlook for its price action in 2024.  

Could This Be “IT” For Ethereum?
Ethereum is down by about 0.7% over the last day. Same bearishness as all of the other cryptocurrencies. However, in the charts, Ethereum is demonstrating signs of a possible rebound, after retesting its former resistance point.

Judging by the outlook on the chart above, Ethereum does have a chance at a rebound and a break above $2,500. If this break occurs, analysts say that the next stops could be anywhere between $3,000 - $4,000.  

BONK May Be Waking Up
BONK is now one of the top gainers on Binance at the time of writing, ranking at 3rd overall. After a long phase of profit-taking from investors, BONK is now showing signs of green, after hitting the $0.0000124 support.

This price movement presents a lot of bullish potential for the cryptocurrency, considering its history of bullishness over most of the year.  

Benqi ($QI ) Has Just Rebounded
According to the chart below, $QI was trading under a descending trendline for most of December.
However, the cryptocurrency has now broken above this trendline and has formed a rebound from this zone.

QI currently trades at around $0.02, and could possibly rally up to anywhere between $0.032 to $0.037, both of which would be between 50% - 70% price movements.  

MoonRiver ($MOVR) Makes A Comeback
According to the chart below, MoonRiver has been in decline since 24 December. However, the cryptocurrency has just hit the $20 resistance, and is showing signs of a comeback.

This presents a lot of bullish potential for the cryptocurrency and may turn out to be a chance at a 120% price increase for MOVR, as illustrated above.

#BTC #ETH #BONK #QI #MOVR
$BONK $QI