25 April, 2024



Crypto Market Shifts Focus to AI And Gaming Coins

01 Apr, 2024

01 Apr, 2024

  • Miles Deutser highlights deepin’s role in democratizing AI network GPU access in the crypto market.
  • Deutser predicts a 2024 surge in AI and gaming coins, emphasizing patient, trend-focused investment strategies for long-term gains.
  • Emerging AI protocols and AAA gaming titles to significantly impact crypto trends, says Deutser.

In the crypto market, the spotlight is now shifting towards AI and gaming sectors, which are becoming increasingly influential in shaping market trends. Crypto analyst and trader Miles Deutser, in an analysis on Altcoin Daily’s YouTube channel, delves into the details, particularly highlighting the potential of AI-driven altcoins set to make significant strides in 2024.

The crypto market is witnessing a surge in interest towards AI altcoins, with Deutser identifying key players like Golem, Render Network, and Ather. These cryptocurrencies are not just riding the AI wave but are actively contributing to the sector’s growth. One of the standout mentions is deepin, a platform that democratizes GPU power access for AI networks. This technology is crucial as it enables AI systems to scale effectively by tapping into necessary computing resources, marking a significant development in the infrastructure aspect of AI in the crypto domain.

Deutser advises on a gradual strategy of scaling in and out of positions, underlining the importance of patience and market trend observation. AI-focused investments, while being futuristic, are subject to market rallies and the evolving interest from traditional sectors. Emerging protocols like Aurora, Spectral, and Allora add to the diverse investment options, challenging established entities and opening new avenues for potential growth.

Parallel to the AI boom, the gaming sector within the crypto market is also gaining traction. Deutser points out the potential growth driven by AAA titles like Off the Grid and Gonzilla. The investment in gaming studios in 2022 is expected to bear fruit in the coming years, especially around 2025-2026, with games like Alium, Shrapnel, Chrona Forge, and Gonzilla being key ones to watch. His pyramid structure of investment strategy in this sector suggests varied levels of risk and potential rewards, suitable for different investor profiles.

As the crypto market potentially steers away from Bitcoin’s traditional four-year cycle, the focus is increasingly on sector-specific narratives like AI and gaming. Investors are advised to build conviction in these narratives, avoiding the trap of hopping from one sector to another. Additionally, Deutser highlights the importance of exit triggers, such as the 200 moving average, to safeguard profits and adjust investment positions as the market evolves.

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