Author: Anmol Khatiwada

AI Altcoins Ready For Comeback in Q4 Surge

Summary

Even with the current market turning down, some AI tokens may bounce back. Near Protocol (NEAR), Injective (INJ), and Super Artificial Intelligence (FET) may be the big three for the Q4 surge.

Near Protocol (NEAR)

NEAR recently made an upsurge of 3% and a monthly uptick of 36% which positions its market cap at $6.617 billion. However, this didn’t last long as the broad market liquidation forced it to decline by 8.87% in the last 7 days. The price of NEAR is $4.77 today with a 24-hour trading volume of $632,735,252. Even with recent declines, NEAR still leads the AI and big data category by a market cap of $5,286,046,052.

According to analysts, NEAR could cross the daily high mark of $4.9 and reach up to the $5.5 price point. However, the ongoing market trend could also drag the asset down to $4.0.

Injective (INJ)

Similar to NEAR, Injective (INJ) was also enjoying its monthly upsurge of an impressive 41% until wasn’t. However, its weekly report remains positive, with the 24-hour trading volume up by 21.8%. The price for INJ is $21.26 today with a 24-hour trading volume of $256,998,447. With a circulating supply of 98 Million INJ, Injective is valued at a market cap of a staggering amount, of $2,068,554,543.

According to analysts, INJ could rebound this month to retest its daily high of $24. If it manages to cross this point successfully, it could position the price to $28. However, if the market trend continues it may also go as down as $17.

Super Artificial Intelligence (FET)

FET, one of the leading tokens in the AI ecosystem suffered a 5% weekly decline which was extended to 10% after the sudden pullback of the broad market. However, in the last 24 hours, its price has increased by 1.94% making its current price $1.47. Its 24-hour trading volume was about $649,766,772. With the available supply of $2.6 billion FET, the Artificial Superintelligence Alliance is valued at a market cap of $3,847,650,908.

According to analysts, once FET crosses $1.650, it could surge to $2.2. However, in a worst-case scenario, it may fall as down as $1.

AI Tokens Drop by $4.69B in Early October

Summary

The “uptober” trend going around for a while seems questionable now as in just 3 days into October, the market for AI and big data-related cryptocurrencies took a major hit, losing $4.69 billion.

The “uptober” word was circulating around a lot, suggesting that October was the month for an increase in AI tokens but instead the first three days show a huge loss of $4.68B. Over just three days the market capital has fallen from $38.82 billion to $34.13 billion. A major AI token, Near Protocol (NEAR) suffered the most as its value lost 14.88% over the past seven days. Bittensor (TAO), another big name in the AI market has also by 9.37%, bringing its price to $492.62. Similarly, Internet Computer (ICP) and Render (RNDR) have also dropped by over 13% contributing to the overall market decline.

Even with such huge losses, the situation still remains pretty good considering how bad it had become in the summer months. The tokens are still $13 billion higher than in summer. This perspective suggests that this recent downturn is just a short-term volatility, the long-term trend remains more optimistic.

Theta Network Is Expanding

Summary

Theta Network is expanding its reach by collaborating with huge institutions and honestly, the potential glow-up from this collab could be major. It has announced partnering up with a Korean University led by big brains like Prof. Donghyun Kim.

Korea University, ranked #7 in Asia, is known for its technology and research. With over 37K students and the world’s excellent professors, this collaboration is promising huge developments in the future. It has joined Theta Network as an EdgeCloud AI customer through its Universal Transfer Learning (UTL) Lab led by Prof. Donghyun Kim. This multi-year agreement will allow researchers at Korea University to use Theta’s EdgeCloud scalable GPU resources to enhance research in AI.

Through this agreement, Theta will provide UTL Lab with the highest-performing NVIDIA H100 GPUs across East Asia needed to train advanced AI models, including domain and task transfer, and efficient adaptation of foundation models. This agreement gives Korean students a platform to research and allows ThetaNetwork to expand its reach on the Korean market while also enhancing training on advanced AI models. Thereby, profiting both sides.

ThetaNetwork is building a reputation and connections among the most developed societies and strongest economies in the world. This collaboration with Korea University attracts very intelligent individuals making material networks formed there incredibly powerful.

Billionare Changpeng Zhao Investing Big in AI, Blockchain and Biotech

Summary

Binance co-founder Changpeng Zhao, one of the biggest name in crypto, has just spoke out for the first time since he was in custody. After serving 4 months in California and paying $50 million on a personal fine, CZ is still all in on AI, blockchain and biotech. In fact, he's doubling down on his investments and lays out a fresh vision for the future of the space, making it very clear that he's not backing down from pushing crypto world to the mainstream.

Changpeng Zhao was in custody regarding legal issues surrounding Binance, the crypto exchange he co-founded. U.S. authorities claimed that Binance didn’t follow strict regulations, which allowed criminals and terrorist organizations to misuse the platform for illegal activities. As a settlement, CZ had to pay a huge amount and even serve 4 months in California as part of the plea agreement.

Following his release CZ posts on X (Twitter) that he will continue investing in blockchain, artificial intelligence, and biotechnology. “I am a long-term investor who cares about impact, not returns”, he says. Despite his departure from daily operations, Zhao reassured followers that Binance seems to be doing well without him back-seat-driving, which is every founder’s dream. Zhao shared he also plans to invest more in philanthropy and education highlighting his latest project Giggle Academy. He also said he is about two-thirds complete on writing his book.

Despite his legal troubles, Zhao’s net worth remains above $60 billion, making him the richest person ever to serve time in a U.S. correctional facility. This is a new chapter in Zhao’s life, evolving beyond constraints with a fresh perspective and it is interesting where it can go.

Worldcoin Breaking Out From Consolidation

Summary

After a long time of stepping aside from the big market and maintaining a low but consistent price, worldcoin has managed to return to the game. It finally broke through the $2 mark with 11% surge and a whooping 100% spike in volume over the last 24hrs. With this growing positive vibes and increased market activity, bulls now face the challenges maintaining this upward momentum, setting a stage for levelling up towards $3.


Most Worldcoin holders are in a loss position because when they bought the coin it was almost $8 but now even after the increase it has only managed to hit $2. Worldcoin reached its all-time high of $11.9 within a year of its launch, around the same time Bitcoin hit its peak at $73K. The surge in Worldcoin’s price was largely due to aggressive buying, with increased interest in the coin but, since the price has now fallen many holders are now holding it at a lower value.
Around 4280 wallets hold a total of 1.54 million Worldcoins. These coins were brought at a much higher price than what it has become today. These holders are more likely to retain their positions rather than selling it now at a loss but if the coin dives down to $1.93, it may trigger more selling from large holders, making the situation worse.

Worldcoin destined to fail?

Whenever Worldcoin gets close to an important price level, there’s usually a sudden increase in people depositing more coins the next day.

For example, in mid-July, when buyers tried to stop the price from dropping, worldcoin jumped 11% in one day. However, the next day, many people deposited their coins into exchanges, which created slowed down the price rise and prevented further gains.

In short, while the price of Worldcoin sometimes rises quickly, large deposits of coins into exchanges can act as a barrier, stopping the price from going up even more.

Involvement of big players

During August and September, a steady stream of worldcoin was being deposited into exchanges, totaling up to $2 million in value at its highest point. Despite this selling pressure worldcoin still managed to surge by 30% in the last week which suggests the involvement of big players buying enough coins to maintain the coins being sold, keeping the price from falling.

This sparks interest as to what the next stage may be for Worldcoin.

SingularityNET Revolutionizing AI with Adaptive Learning

Summary

SingularityNET, AIRIS well known for it’s powerful AI in problem solving and decision making has now leveled up to a phase never seen before. It is transitioning towards 3D where it can solve complex 3D puzzles/games like Minecraft with ease. This opens a new door for creating robots to solve real world applications.

A New Dimension of Learning

AIRIS ( Autonomous Intelligent Reinforcement Interpreted Symbolism) showed it’s capabilities to solve complex 2D puzzles, showing higher level reasoning by setting subgoals, such as finding hints by itself to open doors and stuffs. The agent created it’s own problem solving methodologies through exploration and interactions.

Now, AIRIS is advancing further by going on a 3D environment, known as AIRIS Minecraft Agent. This agent must navigate a more complicated landscape and handle a wider range of actions and environmental factors. This does add more complexity, with a greater variety of objects, interactions and spatial considerations.

Real World Applications

AIRIS evolves through exploration rather than programming. It makes predictions considering previously occurred scenarios. For example, AIRIS might observe that pressing a button moves the character forward, through interaction. This real-time learning approach enables AIRIS to explore and adapt to unfamiliar areas more efficiently than traditional systems. Therefore, this opens a door for various industries, from healthcare and manufacturing to transportation and logistics.

Additionally, AIRIS agents can theoretically share information, enhancing learning efficiency and problem-solving capabilities when working together in a shared environment. This collaborative approach could revolutionize how AI systems interact and learn also from one another.

Revolutionizing Gaming Experience

With it’s adaptive and fairly accurate AI, gaming experience can be improved massively. NPCs (non-player-character) can be made more close to real world exhibiting dynamic behaviors and objectives based on needs and environmental interactions, which enhances the gaming experience massively.

This shows that singularityNET is not backing down from the mainstream market anytime soon. With this exciting new project it’s only expected to go higher.

Injective this past week

Summary

Injective is continuing on it's freaky uphill ride. It made almost a billion transactions this past week and is more likely to cross a billion transactions this week.

About 988,551,717 transactions were made this past week on injective and it is expected to reach the 1 billion mark this week. Injective price today is $22.92 which is just -4.47% from it’s all time high price of $24.00, and +7.98% from it’s all time low of $21.23. INJ has a circulating supply for 97.7M INJ. A total of 61,576,153 INJ were staked, 6,231,217 INJ were burned and total market cap of $2.242 B was recorded this past week.

If it continues on this rise, it is most likely to cross a billion transactions this week and reach beyond it’s all time high price of $24.00.

Morocco turns on AI

Morocco’s going all in on AI and blockchain with their $1.1 billion Digital Morocco 2030 plan to become a global tech hub. The goal is to level up public services, boost the economy, and create 240,000 digital jobs by 2030. They’re using AI to streamline government stuff and blockchain to secure things like healthcare and education. Plus, they’re pushing for 5G, backing 3,000 startups, and attracting global tech companies to build a strong digital ecosystem. Morocco is aiming to make big moves in the digital world and rake in $4.15 billion from tech exports

Morocco is all set on transforming the country into a global digital hub as part of its ambitious Digital Morocco 2030 strategy. The initiative was announced on Sept. 25 and launched with a $1.1 billion budget. Its main concern is to integrate advanced technologies to boost public services, drive economic growth, and create 240,000 new jobs in the digital sector in 2030. 

Additionally, the strategy aims to support the development of new AI-driven startups and blockchain-based platforms, which will set Morocco as a major player in the global digital economy.

AI and blockchain will play a crucial role in making government services more efficient and transparent. A central piece of this is the Unified Administrative Services Portal, which will use blockchain to securely manage things like healthcare, education, and social welfare. Meanwhile, AI will help speed up service delivery by analyzing and processing data in real-time, making everything smoother and more responsive.

Ghita Mezzour, the Minister of Digital Transaction has highlighted how the strategy of Moroccans aims to fully embrace these digital technologies while growing the digital economy. Morocco is shooting for a massive leap in its United Nations Online Services Index ranking, aiming to jump from 100th to 50th place.

The plan also has ambitious financial goals. The government is aiming for 40 billion dirhams ($4.15 billion) in digital export revenues and a contribution of 100 billion dirhams ($10.36 billion) to the country’s GDP. They’re also planning to expand 5G coverage to 70% of the country and foster the growth of 3,000 new startups.

With all of the investments and plans mentioned above, Morocco hopes to generate hundreds and thousands of jobs while positioning itself among the top players in the AI and blockchain sectors on the international stage.

Crypto.com introduces AI-Powered SDK

Crypto.com introduced a new AI tool to help blockchain developers integrate blockchain functions using norm lingo (such as “create a new wallet address for me”). The latest SDK (software development kit) expects to streamline development within web3 ecosystem by enabling effortless interactions with crypto.com services and blockchain protocols. With AI, there is no need for heavily tech-savvy individuals to develop blockchain, hence it expands the playground of blockchain developers.

At the firm’s announcement this week, the Crypto.com AI agent SDK is now released in its beta version. It provides software developers the ability to execute blockchain functions through natural commands. According to Crypto.com, the SDK simplifies tasks like executing transactions, creating wallet addresses, and swapping cryptocurrencies.

The SDK is available and can be implemented across Telegram and Discord bots, allowing developers to create applications that serve to both technical and non-technical users. “The ‘AI agent’ can maintain wallets and handle tasks such as: ‘Create a new wallet address for me,’ ‘ Send 100 PYUSD to Alice’s address, ‘ Swap 1000 USDC for ETH’, and much more, “Crypto.com said.

The digital currency business revealed that the initiative stems from the company’s Global Innovation Lab, which focuses on AI and Web3 advancements. Eric Anziani, the company’s president and COO, emphasized that the tool represents a significant step up in merging AI with decentralized technologies, a combination with vast potential. 

“The power and potential of integration of Web3 and Artificial Intelligence is massive,” Anziani remarked. “With the Crypto.com AI Agent SDK, we are harnessing that potential and giving users the ability to pursue and explore it- a truly collective and decentralized effort in unlocking that integrated power of Web3 and AI.”

Crypto.com plans to expand SDK’S functionality continuously, with more blockchain protocols to be added. By leveraging Cronos and other blockchain ecosystems, Crypto.com aims to allow developers to create inventive solutions that unlock new use cases for both AI and blockchain. With AI developing massively each day, blockchain applications tied to artificial intelligence and AI-focused crypto assets have been on the center stage in the cryptocurrency world this year.

Exit mobile version