n an era where technology continually reshapes our lives, artificial intelligence (AI) has emerged as a cornerstone of innovation, driving progress across various industries from healthcare to finance. When merged with blockchain technology, AI not only enhances data security and decentralization but also introduces a new paradigm for automation and efficiency.
Today, we will cover the following topics:
- What are AI tokens?
- AI Maximalist Portfolio
- Who Should Consider This Portfolio?
- AI Maximalist Index
- Why is AI Maximalist The Portfolio of the Week?
What are AI tokens?
AI tokens are cryptocurrencies that support AI-based projects, applications, and services within the blockchain ecosystem.
Beyond mere transactional tools, these tokens enable user access to AI services, incentivize community contributions to AI development, and empower holders with governance rights within AI networks.
They play a crucial role in the operation and growth of AI-driven projects, facilitating payment for services, data sharing, and participation in decision-making processes that guide the project's roadmap.
AI Maximalist Portfolio
The "AI Maximalist" portfolio is a collection of seven diverse AI tokens.
Each token is selected for its innovative approach, potential for growth, and strategic role in improving AI and blockchain integration across various industries.Each token contributes uniquely to the AI and blockchain space, creating a balanced investment mix.
Fetch.ai (FET)
About FET
Fetch.ai leverages blockchain technology to create a decentralized digital world in which autonomous software agents perform useful economic tasks on behalf of their owners or themselves.
Key Feature
Smart ledger technology enabling active prediction markets and personal agents.
Criteria for Selection
The platform’s ability to automate complex systems through AI-driven innovations and its potential to streamline industries such as logistics and transport with autonomous agents.
Technical Analysis
After breaking below the last major low marked in blue, FET has been overall bearish, trading below the red trendline.
For the bulls to regain control, a break above the blue zone at $2.5 is needed.
Meanwhile, FET could still trade lower to test the support zone at $1.6 - $1.8, where we expect the bulls to kick in.
Ocean Protocol (OCEAN)
About OCEAN
This protocol enables developers and businesses to build marketplaces and other apps to privately and securely publish, exchange, and consume data.
Key Feature
Blockchain-based data exchange framework that provides transparency while ensuring secure and privacy-preserving data sharing.
Criteria for Selection
Pioneering the data economy by enabling safe data sharing, which is crucial for training AI models, driving both ethical implications and commercial benefits.
Technical Analysis
OCEAN has been hovering within a big range between $0.75 support and $1 resistance.
For the bulls to regain control, a break above the upper bound of the range marked in green is necessary.
Meanwhile, as OCEAN approaches the lower bound of the range at $1, we will be looking for new short-term buy setups.
Numeraire (NMR)
About NMR
Numeraire is the cryptocurrency of Numerai, a hedge fund that crowdsources predictive financial models. Data scientists contribute models and are rewarded based on their performance.
Key Feature
A unique staking mechanism where data scientists stake NMR on their predictions to express confidence.
Criteria for Selection
Innovative merging of blockchain and machine learning to improve financial strategy, providing a fresh model for incentive-based predictions and investments.
Technical Analysis
NMR has been overall bullish from a long-term perspective, trading above the rising trendline marked in red.
Currently, NMR is in a correction phase and approaching a strong support zone at $19 - $22.
For the bulls to regain control and start the next upward impulse movement, a break above the last major high, marked in blue at $30, is needed.
Render Token (RNDR)
About RNDR
Render Token operates a distributed GPU rendering network that leverages underutilized computing power across thousands of GPUs to render digital content quickly and cost-effectively.
Key Feature
Democratizes access to high-quality rendering services by connecting artists and GPU owners.
Criteria for Selection
Facilitating a significant reduction in rendering costs in industries like gaming and media, and empowering creators with blockchain technology.
Technical Analysis
RNDR has been outperforming the majority of altcoins this month.
The bulls are already in control, having rejected the support at $6.5 and broken above the last major high marked in red.
The bulls will remain in control as long as the last major low at $9.16 holds.
DeepBrain Chain (DBC)
About DBC
DeepBrain Chain is a decentralized neural network that aims at reducing the cost of computing power for AI companies and developers.
Key Feature
Utilizes blockchain to aggregate and share spare computing resources, significantly reducing the cost of AI computation.
Criteria for Selection
Addresses a critical challenge in AI development and access to affordable computation power, thus promoting more innovation and lower entry barriers for startups.
Technical Analysis
DBC has been overall bearish, trading within the falling channel marked in red.
For the bulls to regain control, a break above the last major high, marked in blue at $0.0043, is needed.
Meanwhile, DBC could still trade lower to test the demand zone at $0.00225, where we expect the bulls to kick in.
Selfkey (KEY)
About KEY
Selfkey is a blockchain-based identity system that allows individuals and companies to truly own, control, and manage their digital identity securely and efficiently.
Key Feature
Integrated financial services marketplace where users can also access products like exchanges, coin offerings, and bank accounts.
Criteria for Selection
Increasing importance of identity verification in the digital age with a strong focus on privacy and user control, making it a critical component in the emerging digital economy.
Technical Analysis
KEY has been hovering within a big range between $0.006 support and $0.0079 resistance.
For the bulls to regain control, a break above the upper bound of the range marked in blue is necessary.
Meanwhile, as long as the $0.006 support holds, we anticipate the bulls will kick in soon and push the price towards $0.008.
Bittensor (TAO)
About TAO
Bittensor is a decentralized network that incentivizes the sharing of machine learning models by allowing users to earn cryptocurrency by participating in the network either as suppliers of machine learning models or validators.
Key Feature
Enables an open marketplace for machine learning outputs, where participants can train, share, and monetize their AI models.
Criteria for Selection
Fostering a collaborative AI development environment and supporting a distributed economy for AI knowledge, essential for innovation in the field.
Technical Analysis
TAO has been overall bearish, trading within the falling channel marked in red.
For the bulls to regain control, a break above the last major high, marked in blue at $500, is needed.
Meanwhile, TAO could still trade lower to test the demand zone at $275, where we expect the bulls to kick in.
Who Should Consider This Portfolio?
The "AI Maximalist" portfolio is well-suited for a diverse group of investors with an interest in cutting-edge technology.
It's especially suited for AI enthusiasts and tech-savvy investors who recognize the potential of AI and blockchain combined.
Ideal for venture investors and high-risk takers, it promises long-term growth in emerging tech.
Moreover, it's a great fit for those looking to expand their investment in innovative AI and data projects, and for supporters of innovation who want to foster the AI and data ecosystems.
AI Maximalist Index
For us to track the AI Maximalist portfolio easily, I have combined the seven tokens together within one index.
From a technical perspective, the index has been overall bearish, trading within the falling channel marked in red.
However, it is currently hovering around the previous major low at $370 and the lower bound of the channel, so we expect the bulls to kick in soon.
For the bulls to take over long-term, and for the AI Maximalist portfolio to thrive, a break above the last major high, marked in blue at $420, is needed.
Why is AI Maximalist The Portfolio of the Week?
AI Maximalist portfolio offers exposure to a variety of blockchain projects that are pivotal in AI and data innovation. It includes decentralized AI networks, efficient data indexing, and data monetization, covering essential aspects of the AI ecosystem.
The tokens in this portfolio address a broad spectrum of use cases, including decentralized AI, cloud rendering, data indexing, and privacy-oriented blockchain technology. Diversification across these areas minimize the risk.
The tokens represent projects at the cutting edge of AI and data management technology. Notably, tokens like those from Ocean Protocol are focused on data sharing and monetization, aligning with the growing trend of treating data as a valuable asset.
Investing in this portfolio provides an opportunity to participate in the development of these innovative ecosystems.
