Written by: 1912212.eth, Foresight News
The crypto market did not welcome a carnival before the BTC halving, but rather an "asset halving". The decline of most altcoins was even halved from their recent highs, and countless investors suffered heavy losses.
Geopolitical conflicts, coupled with the expected delay in interest rate cuts and fewer times, have made the liquidity of the crypto industry tense. Some institutions are unwilling to stand under the dangerous wall and wait and see. The altcoins are the first to bear the brunt and fall again and again. After BTC officially completed the halving, the market selling force gradually weakened and market sentiment began to return to normal.
The AI series of tokens have been rising rapidly. After ARKM bottomed out at $1.18, it started to rebound after a few days of fluctuations, and even achieved five consecutive daily increases, reaching a high of $2.4. WLD has also recorded a rise of more than 15% in recent days, from the bottom of $3.68 to above $6. FET has rebounded from $1.59 to around $2.5, and AGIX has rebounded from $0.6 to $1. TAO, the largest in market value, has also fluctuated and climbed from $426 to $532.
What is the reason for leading the rise?
Market rebound after excessive pessimism
After falling below the $60,000 mark, BTC once fell to around 59,600. Just when the market was wailing and thinking that it would continue to fall, Bitcoin quickly responded to the question of whether the bull market was still there with five consecutive daily increases.
Looking at the last bull market cycle, there was also a sharp correction before the Bitcoin halving. In March 2020, Bitcoin fell from around $7,000 to below $4,000, and Ethereum fell from $260 to around $90. Most of the declines were around 70%, while other altcoins fell by more than 75% (based on the recent peak at the time).
If history repeats itself, based on a 75% drop, most altcoins may have bottomed out.
Secondly, when the situation in the Middle East remained relatively stable and no large-scale conflicts occurred, investors did not sell risky assets, but instead sold U.S. bonds and pushed gold to a record high.
Furthermore, market opinions tend to agree that the rally will still come in the second half of this year or near the end of the year, so some market funds are ready to move and begin to boldly enter the market to buy.
USDT's market value has hit a record high. Even in the process of market decline, its market value has continued to rise from $107 billion on April 14 to nearly $110 billion. In less than 10 days, nearly $3 billion of funds have flowed in, and the bottom-fishing sentiment is still relatively strong.
GPT-5 is coming soon
The release of GPT-4 became a global hit and drove the topic of AI to remain hot. Related concept tokens in the crypto market are also not far behind. For example, Worldcoin, co-founded by OpenAI's Ultraman, is also an investor in the AI data tracking platform Arkham. Whenever Ultraman and OpenAI become popular, the AI series tokens soar, and the former two often rise more fiercely.
After GPT-4 was silent for a while, the release time of GPT-5 has attracted much attention. According to Business Insider, citing people familiar with the matter, OpenAI expects to release GPT-5 in the middle of this year, possibly in the summer. Some corporate users have already tested GPT-5 internally and said it is "substantially improved" over the previous generation. In addition, the source also said that OpenAI is still stepping up the training of GPT-5 because it must pass security tests.
If this is true, the AI craze may not be far away.
In a recent interview, OpenAI founder Altman said: The capability improvement of GPT-5 will be beyond people's imagination. I don't know when GPT-5 will be released, but it will achieve a qualitative leap in advanced reasoning capabilities. This is not just a small improvement, but a huge leap.
Some AI project progress worth noting
Worldcoin
In early April this year, Worldcoin tweeted that it would launch World Chain, which is open to everyone. Verified users will have priority access to block space and will also receive Gas subsidies for daily transactions. Developers will be able to reach millions of real users around the world and develop applications for daily life practicality. The network will be deeply integrated with the Worldcoin protocol to accelerate growth and leverage World ID's proof of personality. It will also be secured by Ethereum as L2 and engineered for scalability through the Superchain ecosystem. It will be permissionless, open source, and ultimately independently managed by the community.
Fetch.ai、SingularityNET 与 Ocean Protocol
Earlier this month, Fetch.ai, SingularityNET, and Ocean Protocol announced the merger of their tokens and the creation of a decentralized artificial intelligence (AI) alliance. The alliance aims to provide a decentralized alternative to projects currently controlled by large technology companies. On April 16, the merger proposal was voted on and officially passed.
io.net
As a competitor of Akash Network, io.net not only has a luxurious investment lineup and huge financing amount, but also is backed by the Solana ecosystem. It has attracted much attention since its launch and will officially launch its token at the end of April.
The IO economic model has been announced, with an initial supply of 500 million IOs at genesis, divided into five categories: Seed Investors, Series A Investors, Core Contributors, R&D & Ecosystem, and Community. As IOs are issued to incentivize network growth and adoption, they will grow to a fixed maximum supply of 800 million in 20 years. Rewards will be released to suppliers and stakers every hour over 20 years. Rewards use a deflationary model, starting at 8% in the first year and decreasing by 1.02% per month (about 12% per year) until the cap of 800 million IOs is reached.
Arkham
In the token unlocking storm this month, Arkham caused huge controversy and turmoil because Nansen and 0xScope stated that it did not unlock the tokens according to regulations, and the price of the currency continued to fall amid doubts. Although Arkham later issued a clarification, the effect was minimal. After falling from $4 to around $1, ARKM's recent rebound is also reasonable. It is worth noting that ARKM will usher in the peak of unlocking in July this year, and investors need to pay close attention.
summary
As one of the most imaginative technological waves today, what kind of sparks will AI create when it collides with cryptocurrency? Even though the time is still unknown, the related concept tokens may once again stage a wild drama when the GPT-5 is released and a wave of discussion is set off.
