If you missed the dip ... the AI sector hasn't rebounded yet. Since it remains one of the strongest narratives, it's worth reviewing 4 positions in the space that have surprisingly lagged the broader market rebound.
As always, do your own research, because crypto investing is like riding a rollercoaster without a seatbelt: exhilarating, unpredictable, and possibly disastrous. This is not financial advice.
Proceed only if you're a degen.
1 NEAR ($NEAR)
Let's begin with the largest AI x Crypto project: $NEAR.
Image showing $NEAR's price action with support and resistance lines.
This one hardly needs introduction as it was originally an AI project, pivoted to an L1 + Data Availability layer, and its returning to its AI roots. As you can see from the image above, the coin has a series of higher lows (white circles) and just bounced off its support line.
Before the dip, it reached $8.24 and, at the time of writing, sits at $7.12. That's a 15.7% discount.
2 TAO ($TAO)
$TAO nuked in the recent price decline -- just look at that red wick down to $386 from $712 in a day!
Image showing $TAO's price action with support and resistance lines.
I closed below its support zone for a couple of days but has emerged back above that. Also, it has a series of higher lows (white circles), which suggests the uptrend continues.
Recently, its price stood at $748.9 and is currently at $614.5 = 21.9% discount.
3 Artificial Super-Intelligence Alliance ($FET)
Next up (in the AI "large caps") we have $FET.
Image showing $FET's price action with support and resistance lines.
This one struggled a bit even before the dip because of a marking mistake. Still, it's the GM of AI projects -- buying everything interesting in sight. Strong uptrend from higher lows continues a months-long climb (white circles) and it bounced nicely off its support zone.
Its pre-dip price wicked up to $2.24 and it's currently at $1.86 -> 33% discount.
4 GamerCoin ($GHX)
The only small-cap I'll include in this list is $GHX (GamerCoin).
Image showing $GHX's price action with support and resistance lines.
With a market cap of $64.7m it is by far the smallest (and most speculative) on the list. This one suffers from a branding problem, as it provides decentralized computing. This puts them in the DePIN x Gaming narrative too, but both of those have yet to catch on. It has a continued up-trend, however, and rests just below its resistance zone.
Pre-dip wick was $0.1419, and currently it stands at $0.0996 = 42% discount.
Concluding Thoughts
It's encouraging that the majors in the AI sector are recovering ... and that they haven't fully recovered yet.
The nice thing about a dip is that you don't need to buy exotic stuff to find good deals.
Final disclosure: I (or my firms) own all these to various degrees. Pumping my bags here, but I do like these projects.
-Sebastian Purcell, PhD
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