The AI narrative is here to stay, it is a fact that million-dollar investments in the most influential companies in the world have a future projection.
The fomo created from the disruptive technology offered by AI has been transferred to the crypto world. Many projects forcibly join this narrative simply out of speculation, sometimes despite not having any AI functionality per se. This is not a problem, since investing in cryptocurrencies is often synonymous with investing in Startups that, through pure speculation, generate great profitability.
This article does NOT focus on analyzing whether #ASI is an ideal artificial intelligence project in such an environment, but rather on the speculation of its price and possible profitability during this bull run.
As we all know, the merger of $AGIX , $OCEAN and $FET will begin on June 11 and will be completed on June 13. For holders of FET, AGIX and OCEAN tokens, the merger will involve converting these tokens into ASI tokens at specified conversion rates. FET tokens will be converted to ASI at a ratio of 1:1, AGIX at a ratio of 1:0.433350, and OCEAN at a ratio of 1:0.433226. Which results in a currency of 7.5 billion marketcap.
Does the merger make sense on a speculative level? The answer is yes, it is well known that those currencies that have already experienced a bullish cycle before give less returns in subsequent cycles, in fact many of them do not reach their historical maximum. The three projects gave very good multiplications in the last cycle and if it were not for the merger perhaps their financing would be significantly reduced.
However, once ASI is among the main currencies in the crypto world by market capitalization, it will need much more capital to multiply our initial investment. We also have to take into account two negative aspects for the holders of this currency:
The supply of FETs is to be released (currently only 25% have been released). Which represents an increase in price inflation.
By owning FET, OCEAN or AGIX, we will have a coin with a price proportional to that mentioned above, but with much more marketcap. Normally if the marketcap of a currency increases the price increases, in this case not, we find ourselves with more marketcap by surprise and without a better performance (rather worse, having much more market capitalization).
Personally, I believe that our portfolio should be diversified according to the risk we want to assume in the face of the bull run. ASI could be considered one of those currencies with less risk due to the narrative in which it is located (IA), due to the fomo that is being generated around this merger and due to the resulting market capitalization. However, if we expect large multiplications or we already have the part of less risky currencies covered with others in our portfolio, we can do without ASI. Always when diversifying, we must adapt to the portfolio we already have.
THIS IS NOT INVESTMENT ADVICE, ALWAYS DO YOUR OWN ANALYSIS.
