Total market volume currently stands at $60 billion, a significant drop from last week.
The highest trading volume on Binance is still meme tokens. In addition, AI and Layer1 tokens are also increasing.
Around $60 billion in volume flows primarily into these narratives and Runes trends.
All signs point to the bottoming out of the AI-cryptocurrency industry
----------------------------------------------------
$NVDA is down more than 20% from its peak, as are other computing stocks
$RNDR, $ARKM, and $TAO have fallen more than 40% from their peaks
During Nvidia’s GTC conference, the search terms “cryptocurrency artificial intelligence”, “artificial intelligence cryptocurrency” completely stabilized after trending
Upcoming Catalysts:
1/$NVDA earnings report (May 22)
2/$ASI merges $FET, $AGIX, $OCEAN
3/After $TAO, bn may have new listings
4/ionet token issuance (April 28)
5/GPT-5 released
The second wave of the AI sector is about to start, and all it needs to ignite the emotions is GPT5!
According to insiders, GPT5 will be released in May or June this year and will be available in the market in August.
The first wave of AI sector:
wld5.6: From the end of October 2023 to the peak, it increased 8 times
arkm2.31: Because Ultraman Investment came from behind, it also increased by about 10 times
AI Coin 1.81: Launched in January, lacks a wash-out phase, and has more than doubled
AIdoge: A meme coin with AI concept, a project of Wang Dayou, which also increased seven or eight times to its peak in October (compared with other AI concept-related coins mentioned above, the depth is poor, and the fluctuation will be more exaggerated)
The market will react in advance to the expectation of GPT5. As the biggest core narrative of this bull market, especially in the second half of the bull market, the liquidity of copycats will gradually increase. From an emotional point of view, the second wave should be more violent.
So the above coins are also worth paying attention to. Ai track will definitely run a 100x coin, more:
Artificial Intelligence-centric Projects Will Explode the Market in 2024-2025!
Here is a list of AI projects with 5-100x potential supported by Tier 1-2 funds:
▸ $TAO - AI large-scale training, the BTC of AI
▸ $RNDR - Decentralized GPU rendering revolutionizes digital creation.
▸ $NMR - An AI-powered hedge fund built by a network of data scientists.
▸ $BOTTO - Decentralized Autonomous Artists Producing Unique Art
Community feedback, trained on millions of images.
▸ $ALI - Cultural evolution through artificial intelligence.
▸ $REL - Decentralized social graph with RDF embeds Soulbound
Tokens for AI-powered networks.
▸ $AGI - AI-powered MMO with player-owned assets and MetaBeings, creating an immersive web3 experience.
▸ $FET - A decentralized digital world where economic activity is driven by autonomous agents.
▸ $LAI - ZK Layer-2 blockchain monetizes AI data, turning everyday tasks into revenue.
▸ $TADA - Crowdsourced AI dataset collection through fun apps, connecting businesses and moneymakers around the world.
▸ $AIT - A blockchain-enabled global labor marketplace for data annotation and AI model training.
▸ $OLAS - AI proxy service, Link in the AI world
This wave of Bitcoin's pullback will only leave it with a few weeks of volatility. It is highly likely that you will not be able to see a new low, and it will not be easy for you to get chips at a low price.
Hold on to your chips and wait patiently for the next big market trend.
