Hi guys, I’m trader Zhu Yici. You all should know that my main altcoin holding is $AI. I bought it because its name is strongly related to the AI track.
I have seen many AI projects emerge in recent times, and it is obvious that this is a trend, but does AI+Web3 really work?
At least from the perspective of application, I don’t think so, but I believe that from the perspective of hype, it is beneficial to us. If you care too much about the landing of a technology application and its profit expectations, I think it is unrealistic in the short term.
The U.S. stock market is full of highly valued technology stocks, but this does not affect its continued rise. I think the logic of AI is right here for our secondary market, and how we dance with this AI bubble is very important.
For example, the project Verasity that we are introducing today is a project that combines AI with short video commercial delivery. It may sound a bit mysterious at first glance, but in simple terms, it is a protocol that analyzes whether your video traffic is real. This way, advertisers can be more assured and don’t have to worry about being fleeced.
I have a deep understanding of this from working on both platforms. It is very easy to inflate the data on Twitter. On the contrary, my Square traffic is higher than many people because I have the support of my brothers. In addition, I have no channels to collect this data, so it appears more real.
However, not all platforms are like Binance Square, so this is the role of the Verasity platform. Through AI mechanism design, it can effectively screen what are real users and what are real traffic to help advertisers obtain more cost-effective delivery, while allowing real content creators to obtain better positive and negative feedback.
Its token $VRA is currently listed on all mainstream exchanges except BN. Half of the circulating supply was destroyed last year, which is quite ruthless. At present, the K-line is in an upward trend, with an M top in front. The project has plans to launch it in the market. Judging from the trading volume of one exchange, it has decreased, but it has not shrunk to the point of infinity.
But this trend is not a solution. Currently #VRA has reached the waistline of the W bottom pattern, which is also the bottom formed in June and July. I think we can wait and see the trading volume and breakthrough situation at the current position, and then consider how to intervene in the subsequent market.
Subsequent strategy: Generally, when encountering such a key position target, if there can be a smooth breakthrough with volume, then wait for it to return to the original resistance level (resistance becomes support), and then choose to enter, rather than rushing in directly after a breakthrough with volume. This way, it is easy to chase highs and get stuck halfway up the mountain.
