Research Summary
The report discusses the potential of AI coins in the current bull cycle, highlighting several AI projects launched in the last 30 days. It also provides an overview of the Asia Pacific Artificial Intelligence Market and the performance of AI coins in the past month. The report further details several AI projects, including Spectral, Neural, Morpheus, Nimbus Network, PredictingAI, ARQX, AlloraNetwork, Gensyn Protocol, and Ora.
Key Takeaways
AI Coins’ Potential in Bull Cycle
- AI Coins’ Performance: The report suggests that AI coins are expected to perform well in the current bull cycle, outperforming memecoins. The market cap for AI coins has doubled to $25 billion in the past month.
- AI Market Growth: The Asia Pacific Artificial Intelligence Market is expected to grow at a CAGR of 37.3% from 2023 to 2030, reaching $20.9 billion by 2030. This growth is expected to be driven by the launch of new products and the expansion of AI’s potential in web3.
AI Projects Overview
- Spectral: Spectral is an AI project that incorporates autonomous network agents into the Web3 ecosystem. The project has a market cap of $103 million.
- Neural: Neural is an AI-based game asset generator that builds the 3D AI TAO Bittensor subnet. The project has a market cap of $21 million.
- Morpheus: Morpheus is a network for Smart Agent builders to deploy their code and get rewarded. The project has a market cap of $26.5 million.
- Nimbus Network: The Nimbus Network provides cloud infrastructure technology. The project has a market cap of $1.9 million.
Upcoming AI Projects
- PredictingAI: PredictingAI is a project that aims to pioneer how AI understands human emotion. The project has a market cap of $14 million.
- ARQX: ARQX is a project that turns AI jewelry designs into real-world wearable fine jewelry. The project has a market cap of $700,000.
- AlloraNetwork: AlloraNetwork is a decentralized AI network supported by Polychain. The project’s mainnet launch is expected to be in Q2 2024.
- Gensyn Protocol and Ora: The Gensyn Protocol is a layer-1 trustless protocol for deep learning computation. Ora is Ethereum’s Trustless AI. Both projects are expected to launch their token sales soon.
Actionable Insights
- Monitor AI Coins: Given the expected performance of AI coins in the current bull cycle, it may be beneficial to monitor the performance of these coins closely.
- Research New AI Projects: With several new AI projects launched in the last 30 days, it may be worthwhile to research these projects and their potential impact on the AI market.
- Keep an Eye on Upcoming Projects: Projects like AlloraNetwork, Gensyn Protocol, and Ora are expected to launch their token sales soon. Monitoring these projects could provide insights into the future direction of the AI market.
