Could These 3 AI Coins Be The Next To Pop?

AI is being shoved down our throats in greater quantities than sausages at a Diddy Freak Off. Whether it is Nvidia’s stock, Google’s Generative AI, Tesla’s Optimus bot, or Apple Intelligence, every tech company is racing to integrate and win the AI race. This is great for their investors.

For most of us, it’s a bit overwhelming. Sci-fi movies and novels have done an excellent job illustrating a dystopian future where AI acts independently, causing havoc.

Luckily, we have great elected leaders who create strong oversight and implement checks and balances to ensure that none of these monopolies push the AI envelope too far.

Whether we embrace the fear of AI or not, it’s coming. Luckily for investors, it’s a simple narrative. We don’t have to be geniuses to know the world is addicted to tech and AI will be a multi-trillion-dollar market.

Most of us have interacted with Siri, Alexa, Ok Google, or ChatGPT, which are obvious AI use cases. But AI is already creeping into or will creep into every industry.

Crypto is no exception. A massive altcoin rally began in the AI category earlier in the year. Let’s not get too scientific with it. AI is a buzzword, and, for the most part, ordinary investors are sheep.

Lately, we’ve seen a re-emergence of one of the earliest AI crypto leaders. And, if history repeats, it may lead to outsized gains. Here’s how I’m positioning myself if my thesis plays out.

The Thesis

A year ago, TAO (Bittensor) traded for around $50 per token. By December, it had risen to $350 per token. And by February 2024, the price skyrocketed to nearly $700 per token!

Over 10x in six months is a big deal, especially when other altcoins weren’t performing close to these levels.

Other AI tokens took a queue from TAO and proceeded to take off anywhere from a couple of weeks to a month later.

I’ve noticed a reemergence of TAO recently. Two weeks ago, it was trading at around $230, and today, it’s $541.

My thesis is that other AI coins that followed TAO’s lead earlier in the year will hopefully do the same thing again. And here are a few of my favorite candidates to speculate on this.

Coin #1: Render $RENDER

Today’s Price: $6.18
Circulating Market Cap: $2.4B

In the graph below, I marked the first black ‘x’ where TAO broke out and then the second black ‘x’ where RENDER broke out.

You will see that TAO (blue) had a tremendous run from January through February. Similarly, RENDER went on a parabolic run from February to March.

On the far right of the graph, you will notice that TAO’s price has taken off again while RENDER is only slightly up.

Coin #2: The Graph $GRT

Today’s Price: $0.174
Circulating Market Cap: $1.66B

Like with RENDER, I marked an ‘x’ on the graph below indicating when TAO took off about where GRT took off earlier this year.

It’s almost an exact copy of RENDER, but it slightly underperformed RENDER’s outperformance.

We see that TAO has popped on the far right, but GRT has barely moved. Could this be a sign that GRT may follow in TAO’s footsteps? I’m not sure, but I want to own some GRT if it does.

Coin #3: Oraichain $ORAI

Today’s Price: $6.35
Circulating Market Cap: $103M

The first two AI coins are fairly easy to purchase and available on Coinbase. The last one is a little riskier and requires me to use a dex to buy it.

Like RENDER and GRT, ORAI flew higher a few weeks after TAO’’s breakout in January.

ORAI is my most speculative investment. If my thesis is correct, I hope it can provide outsized returns.

Flaws and Risks to Consider

I’m not going overboard on these investments because I don’t have much capital to risk, and I know risks are involved. Here are the main risks I see:

• History doesn’t need to be repeated. The pop earlier in the year could be an example of coincidence, not causation.

• Bitcoin can dump and destroy the altcoin market. If Bitcoin shits the bed, most altcoin bets are off.

• RENDER, GRT, and ORAI aren’t brand-new tokens. This could be bad if newer AI tokens take off and older ones are forgotten.

I’m not too worried about these outcomes because I’m not dealing with a $20 million market cap coin here. I‘m still bag holding some of the lower cap AI shitcoins ;)

Key Takeaways

I’m much more bullish on altcoins now that the Federal Reserve has pivoted to looser interest rates.

The top narratives in crypto have been AI, RWA, DePin, Memecoins, the Base ecosystem, and the Solana ecosystem. It makes sense (to me) to speculate in these categories.

I’m unsure if we will see a capital rotation between these crypto sectors, but I’d be surprised if we didn’t. The first altcoin sector that took off was AI, and I’m betting it will lead again.

Please clap if you made it to the end, as it helps me. Even better, comment on which AI coin you like the most. It doesn’t have to be one of the four mentioned here.

I own several of the crypto assets mentioned in this article — GRT, RENDER, and ORAI. This information should not be taken as investment advice. I am no more qualified to give financial advice than to star in a thriller with Glenn Close. Digital assets like crypto and NFTs involve risk, so you should always perform due diligence before investing. Lending platforms also add more risk; users should research and understand the risks before using them.

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