Lark Davis, one of the industry-renowned analysts, spoke about the bull run surrounding AI coins in his latest analysis. The AI coin rally, which started in January, continues its momentum with new partnerships in the coming weeks.
Lark Davis analyzed high earning AI coins
The crypto phenom recently tweeted about the exaggerated advertising of artificial intelligence cryptocurrencies and the insane earnings of these projects. Apart from the popularity of ChatGPT, Davis delves into the benefits of AI coins/tokens.
The most valuable AI coins of the last 24 hours
According to CoinMarketCap, The Graph (GRT) is the top AI coin, up 18.5% in the last 24 hours and 109% in the last 30 days. GRT is a data indexing protocol that works on 26 networks. SingularityNET (AGIX) is in second place, gaining 12.54 percent in the last 24 hours and 137% in the last 30 days. AGIX has an artificial intelligence marketplace currently running on OpenCog Hyperon that could revolutionize the field of artificial intelligence.
Oasis Network (ROSE) is third on the list, gaining 16% in the last 24 hours and 60% in the last 30 days. Oasis is a layer 1 blockchain that has even partnered with Facebook to evaluate AI products.
In his tweet thread, Davis mentioned that the AI bull is real and that we can all look at a huge AI bubble that will form in the coming years. The AI game is just getting started, with Microsoft and ChatGPT creating a stir and Google diving into it.
The analyst also warned investors to be careful when chasing exaggerations and take the time to look for discounts rather than buy at the peak. It also asked investors to evaluate token models to see if they could provide long-term value.
SingularityNET 2023 predictions: Can it reach $3.5 in the short term?
One of the AI projects on Davis’ list, SingularityNET (AGIX), with the team behind it, pioneered the evolution of Artificial Intelligence, known as Sophia, the world’s most expensive robot. SingularityNET’s goal is to enable Sophia to understand human language and continually “fully improve OpenCog”. Open Cog is an Artificial Intelligence framework and a diverse set of cognitive algorithms, each symbolizing its own innovation.
What do analysts expect from AGIX?
A crypto analyst tweeted that altcoin AGIX has more room to rally, giving hodlers more hope.
Another analyst tweeted that he doubled his crypto purse due to the AGIX rally that took place in December 2022.
price estimates
As for the price predictions, AGIX rebounding from the support level is now trading above the 200-MA after trading above since early 2023. According to forecasts, we can expect it to reach $3.27 this year.
Artificial intelligence coins rally: GRT rises in double digits with this news
In an important development that has driven the price of GRT, the team behind Graph Network announced the launch of Blockchain on Arbitrum. According to the Graph team, running the protocol on Arbitrum One means lower gas fees, faster transactions, and easier participation in the Graph Network.
This news caused Graph’s token GRT to rally 16% in the last 24 hours. GRT is currently trading at $0.17. Technically speaking, it has been bullish as it has performed well in the last 24 hours. Technical indicators suggest that GRT could rise even higher in the next few hours or days.
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