AI-CATCHING INVESTMENT
<adapted from 7 May, 2024 Linkedin post>
NVIDIA is releasing its earnings report on May 22nd, 2024. As a blockchain enthusiast and crypto trader, why do I think this is important…
We have already seen astronomical price actions this year when it comes to the AI narrative in crypto. It's a hot topic, and the imminent NVIDIA rally is bound to bring some AI tokens up with it.
First, let's take a look at some of the ways AI tech is being harnessed in the blockchain and crypto sectors.
1. AI-powered algorithms are all the rad - they can analyse market trends, execute trades and manage portfolios. Making decisions based on vast amounts of data at high speeds is definitely what's going to give a trader the edge they need. This also ties into predictive analysis - about token prices, market trends, investor sentiments that can provide valuable insight to investors and traders.
2. The bull market cycle brings in traders, investors and along with them an influx of fraudsters and hackers. AI tech is particularly powerful when it comes to identifying patterns of suspicious behaviour. When fraudulent activities are flagged, they can be used to enhance cybersecurity protocols to protect against hacking and theft - much needed today in the crypto / blockchain space.
3. Blockchain platforms rely on decentralised governance mechanisms to ensure their ecosystem runs smoothly and efficiently. AI tech is being explored to improve voting systems, consensus algos and decision-making processes to enhance transparency, efficiency and community participation.
4. The big boys are already heavily invested in the other hot crypto narrative - RWA or Real-World Assets. It's all about improving accessibility, liquidity and transparency of traditional asset market classes (real estate, commodities, art) with blockchain technology. AI is being used to facilitate the tokenisation of RWAs by automating tasks such as asset valuation, token issuance, and compliance checks. This could lead to a broader adoption of tokenization across various industries.
So, what now?
The time IS now.
If you've missed the BTC, ETH, SOL, Apple, NVIDIA train like most of us, not to worry, there is still the AI coin Bargain Train you can get on.
These are some coins that are well poised to help you make anything from a 5X-30X gain this bull cycle.
Happy to share a few - all you have to do, is ask 😉!
Drop in the comments what you feel about the AI narrative, and I will drop some AI coins you can accumulating.
