Well-known crypto analysts of Youtube highlighted the best projects that will make an impact in the field of artificial intelligence (AI) in the latest videos. According to some, technology will help crypto prices reach new highs.
AI will catalyze the next Bitcoin bull, according to Arthur Hayes
First, the famous forecaster Arthur Hayes claims that Bitcoin will be the currency of choice for AI in the future. According to Hayes, artificial intelligence requires a digital, automated and censorship-proof payment infrastructure that traditional banking and fiat currencies cannot provide. cryptocoin.com As we have reported, Hayes predicts that as a result of these developments, the Bitcoin price will rise up to 25x.
Altcoin Daily lists crypto giants that will grow with artificial intelligence
According to Altcoin Daily, Ethereum’s programmability positions it as a strong contender in the AI industry. A few promising options are emerging in the Ethereum ecosystem, such as Optimism (OP) and Polygon (MATIC).
Analysts emphasized that Optimism, a technology used by Coinbase, aims to increase scalability. He also underlined that it aims to provide unified liquidity in Ethereum scaling networks. Additionally, Polygon is becoming a strong player in the second tier space.
Altcoin Daily also listed the Avalanche (AVAX) network in search of an ideal base layer for AI. He said Avalanche has attracted companies like Alibaba, which is building a metaverse launchpad and researching other startups.
Listed in ADA and SOL
In addition, analysts highlighted Cardano, Solana, Litecoin and Phantom (FTM) as competitors in the field of artificial intelligence. Altcoin Daily shared that Fantom’s development team is addressing various issues. These include Blockchain bottlenecks and sharding. Phantom is an Ethereum compatible Blockchain for short transactions, low cost and strong scalability.
Artificial intelligence continues to engulf the crypto industry
Chain of Demand, an investment data analytics firm that works with blue-chip institutions like Bloomberg, has developed a tool that leverages ChatGPT to analyze Bitcoin price fluctuations. Along with that, OKX has released a guide for the “9 best crypto trading bots to use in 2023”.
She also highlights technology at Daisy, a crypto education phenomenon nicknamed Crypto Empress. At this point, “Many of us have a problem knowing when to sell,” she says. Daisy is now working with two AI trading projects, Otto Bought and DeFi Trading Club, which do things like research entry and exit points, assist with technical analysis, and assist with macro studies such as evaluating a crypto startup.
“AI will change the way people make profits,” Daisy said. People no longer need to be stuck in front of the computer. AI bots will do this for you. All you have to do is cash your money and do real-life stuff.” Other AI commerce projects like Verox are using the technology to evaluate social media activity. It also needs AI to understand fluctuations in volume and optimize passive staking revenue.
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