Elon Musk has been vocal about his concerns regarding the development and emergence of artificial intelligence (AI) in modern civilization. He believes that AI has the potential to become an existential threat to humanity if not properly regulated and controlled.

Musk has stated that AI is "the biggest existential threat" facing humanity and has likened it to "summoning the demon." He has also warned that AI could be used to create autonomous weapons that could cause massive destruction.

To address these concerns, Musk has been a proponent of developing AI in a way that prioritizes safety and ethical considerations. He has co-founded organizations such as OpenAI, which aims to develop AI in a way that benefits humanity, and Neuralink, which aims to create a brain-machine interface to enhance human capabilities and potentially mitigate the risks of AI.

Musk has also called for greater regulation and oversight of AI development, particularly in the field of autonomous weapons. He has been a vocal critic of the lack of regulation in the tech industry, and has called for greater government involvement in ensuring that AI is developed and deployed in a safe and responsible manner.

Elon Musk sees the emerging of AI in the modern civilization as a double-edged sword: it has the potential to revolutionize the world in ways we can't imagine, but it also presents significant risks if not properly managed.

#ELONMUSK #ai #chatgpt #Binance #CZBINANCE

Elon Musk's recent move of replacing Twitter's bird symbol with the #DOGE #SHIBAINU dog has resulted in a significant surge of over 30% in the cryptocurrency's price. Musk's lawyers had recently requested a federal judge to dismiss the $258 billion lawsuit against him that accuses him of manipulating Dogecoin's price and inflating it by 36,000%. The lawsuit had also named Tesla, Twitter, and the Boring Company as co-defendants.

Musk's tweets have been known to influence Dogecoin's price, with most of his comments causing significant fluctuations. Dogecoin, which started as a joke coin in 2013, is now the eighth most valuable cryptocurrency with a market cap of around $13 billion. While the lawsuit against #ELONMUSK claims his comments on Dogecoin were manipulative, his lawyers have defended them as "innocuous and often silly."

Musk's recent move to replace Twitter's bird symbol with Dogecoin's shiba inu dog has not only caused a surge in the cryptocurrency's price but has also sparked memes and celebrations on social media. Dogecoin's official Twitter account also posted a meme to mark the occasion. The move by Musk is daring, considering the ongoing lawsuit against him, but it is another example of his influence on the cryptocurrency market.

#SHIB #Binance

On April 3rd, the price of #Dogecoin experienced a significant surge in response to the temporary change of the Twitter logo from a bluebird to the face of the beloved Dogecoin, ultimately triggering a five-month-long falling wedge pattern.

#DOGE has experienced a significant surge of over 27%, successfully surpassing the $0.08500 resistance level. However, in order to maintain this upward momentum in the short term, DOGE must exceed the $0.10000 level. 

The price of Doge has recently found a robust support level around the $0.08000 mark. Following this, Doge has formed a solid foundation and has begun a significant upward trend, surpassing the $0.08500 resistance level. The coin has also broken through the $0.09000 resistance levels, indicating a positive market sentiment.

The pair has successfully surpassed the resistance zone of $0.09400, and the price breached the major levels of $0.1000 and surged towards $0.10500. A new high has been established at approximately $0.10500, but the price is currently undergoing a correction. As of now, the Doge price is trading above $0.10000 and the 21 hour simple moving average. 

Firstly, there is an immediate resistance level at $0.1050. Beyond this, the first substantial barrier is formed at the $0.1080 level. However, the major resistance is currently formed at $0.1120. Should the price manage to break through the $0.1300 level, it is likely that we will see a rapid increase in value. In this scenario, it is possible that the price may gradually rise towards $0.1520. 

If the price of DOGE fails to surpass the $0.1050 mark, it is likely to experience a decline. However, there is immediate support at $0.1000. If this level is breached, it could indicate the start of a new drop towards $0.09400. In the event that the price falls below this level, it may test the $0.08900 mark.

KEY LEVELS :

RESISTANCE LEVEL : $0.1050-$0.1100

SUPPORT LEVEL : $0.09500-$0.09000

Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #ELONMUSK

Dogecoin price managed to prevent excessive drawdown like Bitcoin on May 1, declining by less than 1%.

DOGE currently has a correlation of 0.3 to Bitcoin, which proved to be advantageous when BTC fell to $28,000 yesterday.

PEPE taking away all the meme coin attention is contributing to Dogecoin’s disappearing investor count.

Dogecoin price has always been a leader in the meme coin space, but the emergence of PEPE challenged the supremacy of the cryptocurrency. The “OG” meme coin continues to fail to breach an important resistance level, but the altcoin might have found its way around the bearishness surrounding it.

Dogecoin price volatility simmers down

Dogecoin price over the last week has had a rather less volatile, sideways movement in comparison to Bitcoin price’s rise to $30,000 and the subsequent decline. The latter noted another 4% crash on May 1, while DOGE stood virtually unchanged at $0.0789.

Given that the altcoins currently lack the strength to mark an alt season, all the cryptocurrencies are bound to follow Bitcon’s lead. However, DOGE is one of the altcoins refraining from doing so, given its correlation to the asset stands at a low of 0.3. This is the same reason why the meme coin did not observe much decline over the last 24 hours, even as BTC slipped to $28,000.

But beyond a low correlation, Dogecoin needs the support of its investors, that have been disappearing over the last ten days. The addresses conducting transactions on the network declined from an average of 142,000 throughout April to 112,000 for the last couple of days.

One of the potential reasons behind this is the absurdly successful meme coin, PEPE, which boasts a market cap of $481 million that it gained over the last two weeks. The hype surrounding the joke coin has been such that the 24-hour trading volume of PEPE surpassed that of Dogecoin.

While DOGE noted a total of transactions worth $321 million conducted in the last day, PEPE traders and holders moved around $521 million worth of supply in the same duration. The trading volume of PEPE even exceeded the total diluted market cap, which speaks volumes to the sensibility and loyalty of meme coin holders.

Regardless, DOGE might have a shot upon the PEPE hype easing; until then, not following Bitcoin is likely the best option for the cryptocurrency.

#Binance #DOGE #crypto2023 #ELONMUSK #BTC

In what could be a groundbreaking encounter in the crypto-verse, Shytoshi Kusama, the pseudonymous architect behind the Shiba Inu project, has reached out to tech magnate Elon Musk. Kusama invited Tesla CEO Musk to the upcoming Blockchain Futurist Conference. The event, taking place on August 15 & 16, 2023 in Toronto, Canada, is expected to unveil the much-anticipated Shibarium, Shiba Inu’s own layer 2 blockchain.

Capitalizing on Musk’s recent display of fondness for Canada, Kusama shared the invitation via Twitter: “See you at Blockchain Futurist Conference”. Interestingly, Musk had also mentioned “Shiba Inu” in an earlier tweet, albeit likely in the context of the popular dog breed, alluding to Dogecoin (DOGE), not the cryptocurrency SHIB. However, the coincidence wasn’t lost on the SHIB community, stirring excitement and anticipation in the ranks.

The Blockchain Futurist Conference is not merely a stage for Shiba Inu’s endeavors; the meme coin has risen to the status of one of the title sponsors of the event. This association aligns Shiba Inu with other major players in the cryptocurrency landscape, bolstering its position in the market.

One of the highlights of the conference for Shiba Inu is the unveiling of its completed Worldpaper. This detailed document will throw light on all SHIB branded projects, introducing them to the broader crypto community. The Worldpaper will also include an exclusive first-time discussion on the Treat project, a significant initiative under the Shiba Inu banner.

Furthermore, Kusama has further stoked the fires of anticipation by confirming that there are strong indicators pointing towards the launch of the L2 Shibarium at the conference. This move is expected to mark a significant milestone in Shiba Inu’s journey towards creating a robust, community-driven blockchain ecosystem.

Shiba Inu: Remaining BONE Will Be Minted

Adding fuel to the fire of anticipation surrounding the Blockchain Futurist Conference, Kusama released significant news regarding the future of BONE, the digital token associated with the SHIB community.

In a major blog post, Kusama shed light on upcoming developments: “With the incoming launch of Shibarium…we will mint the remaining supply of BONE and renounce the BONE contract,” he disclosed.

This pivotal decision will prevent further minting of BONE and ensure that a substantial portion is allocated to validators in the upcoming blockchain system. BONE is also set to serve as the gas token for Shibarium and play a crucial role in technology governance within the new system.

This reveals Shiba Inu’s grand strategy of trailblazing a decentralized future, stepping beyond the current state of affairs in the crypto sphere. As Kusama eloquently put it, “This isn’t just about following the path of decentralization; this is about trailblazing a new destiny for the world.”

At press time, SHIB bulls were still struggling with the 23.6% Fibonacci retracement level, which had been the former resistance line of an ascending triangle. To confirm bullish momentum, SHIB needs to stay above this support level.

Shiba Inu struggling with the 23.6% Fib level, 1-day

#SHIBAINU #REXBOX #ELONMUSK #crypto2023

$SHIB

Elon Musk announced the launch of his ChatGPT competitor - X.AI.

Musk is famous for having a unwantedly strong influence over the crypto market.

Elon Musk entering the Artificial Intelligence space is set to trigger a reaction among the AI tokens.

Elon Musk has been a crucial part of the crypto industry for some time now, even though his existence in space has drawn him criticism. However, unfazed by the reactions, Musk continues to impact the market and is now set to influence a major portion of cryptocurrencies with his new product.

Elon Musk, Bitcoin and Dogecoin

The Twitter owner has affected the crypto market a bunch of times in the past. His prominence in the crypto space first grew with the stunts he pulled off in regard to Bitcoin. He even made his car company Tesla’s products available for purchase with Bitcoin and sometime later stopped that too, triggering a crash in May 2021.

Similarly, his influence over Dogecoin is one of the most disappointing developments to happen to the crypto market. His endorsement of the meme coin was so obvious and significant that it even urged people to nickname Musk as DOGEfather.

While the Dogecoin-related tweets did under $6.3 billion slow down recently, all this is evidence of how much he can influence the price action.

Elon Musk either generates the hype or capitalizes on it in his own way, and by the looks of it, that is what can be expected from his next announcement. The rival of ChatGPT - X.AI.

Despite being initially a part of the OpenAI team, Elon is only now launching the rival for the AI bot. This could result in the Tesla chief enjoying the bullishness of the AI hype with his X.AI Corporation.

Artificial Intelligence hype and its effect on the crypto market

The discourse surrounding Artificial Intelligence has grown over the past year, including investors’ interest over the last few months. Just like Elon Musk, crypto market investors are also always aiming at trends and what is pumping the hardest on social cues, eventually pushing its price on the charts.

When it comes to talking about the top AI tokens that could benefit from Elon Musk’s move, the list is not too long, as AI and such tokens are still in their infancy. The total market capitalization of these tokens is under $6.3

Among them, the top 5 cryptocurrencies have managed to make significant gains over the last seven days, Injective (INJ) has performed the best with a 48% rally, followed by the Render token with an increase of nearly 33% in a week.

Even though, in comparison, The Graph, SingularityNET and Oasis Network’s rally seem smaller, in terms of the broader market, these tokens still outperformed many top cryptocurrencies. 

Thus, Elon Musk’s entry into this space will certainly make AI tokens his new Dogecoin playground.

#Binance #crypto2023 #ai #ELONMUSK #BTC

Prices of the NFT collection have soared in the past two days.

The Milady non-fungible token (NFT) collection spiked after receiving acknowledgement from Twitter owner Elon Musk, drawing parallels to Musk's treatment of dogecoin (DOGE).

Miladys are a profile-pic (PFP) NFT, which consists of 9,823 images featuring wide-eyed childlike faces. Despite the innocent imagery, the collection has faced controversy over conspiracy theories and slurs shared by the creator behind Remilia and the project, known as Charlotte Fang, Charlie Fang, or Charlemagne.

Prices of the controversial collection jumped as much as 60% after a Musk tweet featuring a Milady NFT overlaid with the words, “There is no meme, I love you."

The collection trended to the top of NFT marketplace OpenSea shortly after Musk's tweet – with prices reaching $13,700 worth of ether (ETH) per NFT at the peak.

OpenSea data shows trading volumes surged to over 12,000 ether, worth over $22 million, in the past 24 hours. This was a tenfold increase compared to last week, the data show.

The Elon Effect

Musk’s tweets have proven to cause immense jumps in the tokens mentioned by him – most popularly dogecoin (DOGE). In a tweet in May 2021, Musk stated he was working with Dogecoin developers to improve system efficiency, sending the tokens up 22% immediately.

In December 2021, dogecoin surged 33% when Musk said electric-car maker Tesla (TSLA) would accept the token as payment for its merchandise.

These jumps are short-lived, however, as traders and automated bots pile on the tokens mentioned by Musk following his Twitter comments only to sell for a handsome profit days afterward. This is typically seen in price charts as a short-term spike and a gradual sell-off.

Milady NFTs could see the same trading action in the days ahead. Prices have already corrected 7% compared to Thursday despite the high volumes – meaning a sell-off could already be in play.

source: coindesk

image source: ai

#NFT #DOGE #ELONMUSK #dyor #Meme

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.