According to Bitboy Crypto, they're a niche worth keeping an eye on in the cryptocurrency world. He recently shared his insights on the top AI coins to watch, giving a perfect ten out of ten rating to Singularity, Fetch.ai, and a few others.

But why all the fuss about AI in crypto? Well, AI technology can bring a lot of benefits to the space. For instance, it can help automate tasks, enhance security, and analyze data, among other things. As more blockchain-based AI projects enter the market, investors are paying close attention to their potential.

But not all AI projects are created equal. Bitboy Crypto gave the AI coin niche an overall rating of five out of ten, indicating that there's still room for improvement. He advised investors to focus on newer projects, as some of the older ones have already had their time in the spotlight.

One of the projects worth keeping an eye on is Singularity DAO. Bitboy recommended it due to its strong relationship with SingularityNET, a decentralized AI network. Singularity DAO aims to empower developers and researchers to build AI applications that are transparent, decentralized, and accessible to everyone.

But Singularity DAO isn't the only AI project making waves in the crypto world. Fetch.ai is also leading the way in this space. The platform combines different blockchains into one network, and its CEO recently shared insights on the company's 2023 roadmap and micro agent launch. The micro agent launch is expected to bring new use cases for the Fetch.ai network, including in the areas of decentralized finance (DeFi) and non-fungible tokens (NFTs).

But there's more! Other AI projects are also integrating AI into their networks. For example, Ocean Protocol aims to create a decentralized marketplace for data, powered by AI and blockchain. Numeraire is building a hedge fund that uses AI to make investment decisions. And Iexec RLC is creating a decentralized cloud computing network that uses AI to optimize resource allocation.

In conclusion, AI coins are a niche with a lot of potential, but there's still room for improvement. As more projects enter the market, investors should keep an eye on the newer ones and those with strong relationships with established networks. It'll be exciting to see how AI technology evolves in the crypto world in the coming years!

Are you holding any?

The American banking system is experiencing turmoil as more banks face the risk of collapse. First Republic Bank is the latest bank to join the list of struggling financial institutions, prompting bigger players like JP Morgan, Bank of America, and CitiGroup to make uninsured deposits to prevent their collapse.

However, while traditional banking seems to be struggling, the crypto market continues to stand strong and thrive. In a surprising move, Bitcoin's price surged above $27,000, benefiting from the wave of bank fallouts. Nonetheless, the possibility of a minor downswing may emerge as the bears accumulate their strength.

Currently, there is a dissonance between the news background and price movements, with Bitcoin displaying a giant price movement that may be subjected to massive correction sooner or later. Despite the potential for the price to rise beyond $28,500 and reach the target of $30,000, a certain correction phase may be necessary.

According to the chart, the price is trading in a wave pattern that displays the prospects of the crypto market in the coming days. The Bitcoin price is expected to rapidly drop from $21,000 to $21,500, where traders are expected to accumulate heavily. This may trigger a strong rebound that may raise the price levels close to $30,000 in the next couple of weeks.

Therefore, the upcoming weeks may be critical for Bitcoin and the entire crypto space as a significant plunge is expected to induce a catapult action over the crypto market. While the American banking system struggles, the crypto market seems to be providing a haven for investors seeking financial stability.


What's your opinion on this?

Bitcoin bulls pushed the price beyond $25k during early Asian market hours after rejecting $26.5k earlier this week. According to recent crypto market data, the Bitcoin price is hovering around $25.9k, marking a 6.5% increase in the past 25 hours. As the US government prints more money to save the struggling banking industry, investors are expected to seek refuge in Bitcoin to escape riskier assets.

Moreover, the Federal Reserve added $300 billion to its balance sheet over the past week, marking the highest amount in a short period since Black Thursday in 2020. According to JPMorgan Chase, the Fed may inject up to $2 trillion into the banking system following the collapse of three lenders over the past week.

The overall inflation is expected to rise, despite the Fed’s initiative to bring it down to 2%. With Bitcoin’s inflation rate at 1.71% per annum, more investors are likely to ditch fiat currencies in favor of the digital asset.

A closer look at the Bitcoin market reveals that its price is retesting the macro downtrend resistance level that began in late 2021. The Bitcoin market is showing an increased rate of decoupling from equities correlation, with the Nasdaq relation at its lowest. With the Fed’s action to print more money to save the banking sector, the correlation is expected to widen further.

Moreover, on-chain data reveals that the Bitcoin market is growing rapidly. The total amount of Bitcoin addresses has increased by 1.71 million, representing a 3.95% increase over the last two months. This suggests that more people are becoming interested in Bitcoin as a viable investment option.

Furthermore, the largest Bitcoin on-chain transactions of $1 billion have recently taken place from a single whale. This indicates that there are still high-net-worth individuals interested in Bitcoin, despite the recent market pullback.

In conclusion, the recent market developments suggest that Bitcoin is poised for a surge in the coming months. With more investors looking to escape inflation and the government printing more money, the demand for Bitcoin is expected to increase. However, investors should remain cautious and diversify their investments to mitigate risks.

Do you think Bitcoin will continue its rally in the near future?

Credit Suisse, a European bank with over $550 billion in assets, has been struggling in recent months due to a series of external and internal frauds, as well as failures of hedge funds and capital firms. This has led to concerns about the bank's future, with its biggest backer, the Saudi National Bank, refusing to put up more cash. Investors and analysts have been closely following these developments, with some losing confidence in the bank over a decade ago.

In an attempt to turn things around, Credit Suisse hired Tidjane Thiam, an outsider, as CEO in 2011. However, the bank has continued to experience issues, leading to Thiam being forced to step down in 2020. In 2021, the bank reported losses and cut 9,000 jobs, further contributing to its decline.

The current struggles of Credit Suisse have led some to draw comparisons to Bear Stearns, which failed in 2008 during the financial crisis. While the situation is not as dire as it was then, concerns have been raised about the impact of Credit Suisse's troubles on the wider banking system. Analysts have noted similarities between the two entities, including a money laundering conviction, fraud, and failures of hedge funds and capital firms.

As Credit Suisse's struggles continue to make headlines, the crypto market has been experiencing its own surge. Bitcoin dominance has reached a nine-month high, with investors seeking an alternative to the traditional financial system. Altcoins have also been bleeding back into Bitcoin, with major altcoins paired against Bitcoin showing a clear trend.

While the exact relationship between Credit Suisse's struggles and the rise in Bitcoin dominance is unclear, some analysts speculate that investors are seeking a safe haven in the face of potential banking sector instability. The current situation underscores the continued importance of alternative financial systems, such as cryptocurrencies, which can provide investors with greater stability and security.

Overall, the struggles of Credit Suisse highlight the potential risks inherent in the traditional financial system, as well as the need for alternative systems that can provide greater stability and security. As the crypto market continues to grow and mature, it may become an increasingly attractive option for investors seeking a safe haven from potential banking sector instability.

It seems like the big players in the Bitcoin market aren't too bothered by the recent drop in Bitcoin's value. In fact, according to Whale Alert, some major Bitcoin investors have been accumulating the cryptocurrency. They've even sent up to 6,000 BTC in two transactions to Binance, a popular cryptocurrency exchange.

Interestingly, while the price of Bitcoin was declining, some of these investors saw an opportunity to "buy the dip." They made moves to acquire more Bitcoin, such as a recent transfer of up to 11,125 Bitcoin to Binance. It's unclear whether these transfers have played a role in Bitcoin's recent upward movement.

Despite the recent dip in Bitcoin's value, some significant investor cohorts have been buying up Bitcoin. Crypto analytics firm Santiment reports that Bitcoin whales and sharks (which refers to addresses holding 10 to 10,000 Bitcoin) accumulated 40,557 BTC worth $821.50 million in the previous week. It's worth noting that the value of Bitcoin was declining at the time of these purchases.

Whales in the cryptocurrency market can often provide important information about future price movements. They have a reputation for buying when they believe the market has declined and selling at a premium. In this case, their buying pressure seems to have had a favorable impact on Bitcoin's price, which has experienced some strong upward movement in the last day. It will be interesting to see what further impact these whales and sharks will have on the cryptocurrency market.

What is your expert opinion on the timeline for BTC to reach the price of 26?

Bitcoin's recent price crash due to the collapse of a US bank has displayed its resilience in maintaining an upward trend, but it has struggled to break past the $25,000 threshold, which is considered crucial for a bullish run. However, the markets are not yet stable, and sudden changes may continue to affect the crypto space. The upcoming week is highly volatile, with multiple events that may trigger significant fluctuations in the market.

Kobessi Letter, a weekly commentary on global capital markets, has identified the key events that could impact the markets. Despite the Bitcoin price surpassing the SVB's fallout, major volatility may hinder the rally's progress. The Consumer Price Index (CPI) and Producer Price Index (PPI) data for February could have a significant impact, as prices have been rising and falling rapidly, wiping out previous gains.

Furthermore, retail sales, jobless claims, and mass tech layoffs due to the SVB's failure could impact both the crypto space and traditional markets. This week is critical for the stock markets, as it deals with the fallout from SVB and receives crucial inflation data. Hence, market sentiments and Federal Reserve policies may be affected this week.

Overall, the crypto space remains highly volatile, and investors should remain cautious as sudden changes can occur at any time. The events mentioned above may have a significant impact on the markets, and investors should keep a close eye on the news and market trends to make informed decisions.

How long do you think the market will remain bullish?

The cryptocurrency market has been experiencing a significant downturn recently, with the global crypto market cap dropping below $1 trillion and Bitcoin's price falling below $20k. This trend has been attributed to a combination of factors, including negative publicity surrounding Silvergate Bank and a lawsuit filed by US regulators against KuCoin.

The negative publicity surrounding Silvergate Bank has caused investors to worry about the stability and security of the cryptocurrency market. Silvergate Bank is a major player in the crypto industry, providing banking services to many of the leading crypto exchanges. Its recent decision to stop its liquidations has raised concerns among investors, leading to a sell-off in the market.

The lawsuit filed by US regulators against KuCoin has also contributed to the negative sentiment surrounding the cryptocurrency market. The lawsuit alleges that KuCoin violated securities laws by trading ether without registering as a broker-dealer. This has led investors to worry about the potential legal risks associated with investing in cryptocurrencies, further fueling the sell-off in the market.

In addition to these specific events, there are other macroeconomic factors that are affecting the cryptocurrency market. One of the most significant factors is the fear of higher interest rates. As the economy begins to recover from the COVID-19 pandemic, there are concerns that inflation will rise, leading to higher interest rates. This could have a significant impact on the cryptocurrency market, as investors may choose to sell their assets in favor of safer investments.

Another factor affecting the cryptocurrency market is the upcoming US jobs data. Many investors are waiting to see how the job market is recovering from the pandemic, and the release of this data could have a significant impact on the market. If the data shows that the job market is improving, investors may become more bullish on the market, leading to a recovery in prices.

Despite these challenges, many experts remain optimistic about the long-term prospects of the cryptocurrency market. They believe that cryptocurrencies have the potential to revolutionize the financial industry, offering faster, more secure, and more efficient transactions. However, in the short term, investors should be prepared for volatility and be cautious in their investments.

In conclusion, the cryptocurrency market is currently experiencing a significant downturn, with the global crypto market cap dropping below $1 trillion and Bitcoin's price falling below $20k. The negative publicity surrounding Silvergate Bank and the lawsuit against KuCoin have contributed to this trend, along with fears of higher interest rates and the upcoming US jobs data. Despite these challenges, many experts remain optimistic about the long-term prospects of the cryptocurrency market, but investors should be prepared for volatility in the short term.

Any other factors affecting the crypto market?