Health, Wealth, and Happiness

April 17, 2024

"With everything that has happened to you, you can either feel sorry for yourself or treat what has happened as a gift. Everything is either an opportunity to grow or an obstacle to keep you from growing. You get to choose."

- Wayne Dyer

Howdy, investors!

There's been much hype around blockchain projects using AI or even being adjacent to AI. Today, we look at some of the most popular to see if they are worth your investment.

The planned fourth bitcoin halving is just days away. Will it spark a new market rally as in the past, or will changed market dynamics see a selloff?

Speaking of selloff... global crypto markets have experienced a significant downturn in response to growing geopolitical risks in the Middle East. Does this present investors with a buying opportunity?

Circle and Tether have taken significantly different approaches to stablecoin regulation. Is one approach better, or are they both paths to the same destination?

Read on!

Investing in Artificial Intelligence: A Guide to AI Tokens and Coins

by Preetam Kaushik

Two technologies have been subject to more discourse (and hype) than blockchain and AI.

Is the intersection of blockchain and AI the future of decentralization? Are AI tokens genuinely worth all the hype? Is a crypto-AI revolution on the horizon, and is there a way to invest safely in it?

Today, we're looking at some of the most popular blockchain projects categorized as "AI Blockchain projects."

You'll learn about the project's use case, how it's using or supporting AI, and potentially whether it has staying power or is all about the hype around AI.

These are some of the top AI blockchain projects currently available, and their tokens have performed quite well. Are they still worth investing in?

Read on to see what we've uncovered >>

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New Investor Scorecard: Bittensor (TAO)

Bittensor is a decentralized protocol aiming to democratize access to AI models and training resources while fostering project collaboration.

Its native token, TAO, serves as the governance and utility token within the network, used for accessing services and incentivizing participation.

The TAO token's market cap has rocketed over the past year, making it the 34th largest in the world. Its price has also increased nearly 800% year-over-year. The question is whether TAO is a good investment or is it simply riding on the wave of AI-driven hype.

Premium members can download the Bittensor Investor Scorecard here to learn what our analysts say about investing in TAO.

Are you not yet a Premium member? Sign up now to access our tools and tips for becoming a better crypto investor.

Must Read

Today's most important stories for crypto investors.

Bitcoin’s 4th Halving

(Coin Metrics)

Bitcoin is rapidly approaching its fourth halving event, marking a significant milestone since its inception in 2009. Halving is essential to Bitcoin's deflationary strategy, which aims to curb inflation and promote scarcity, thus maintaining or increasing prices. Historically, halving events have triggered price increases and heightened market interest, which should keep investors happy (maybe miners less so).

Tether, Circle Diverge on How to Tackle Global Patchwork of Stablecoin Rules (Coindesk)

The two largest digital dollar providers have chosen different paths to deal with a perceived need for global clarity on stablecoin rules. Circle is looking to U.S. lawmakers for guidance, while Tether is taking a global hands-on approach to tackling fraud and money laundering. These diverging philosophies represent different approaches to managing trust and profitability in growing crypto markets and provide a must-read for investors interested in these platforms or related issues.

Crypto Markets Crater On Rising Geopolitical Tensions

(The Defiant)

Global markets, including the cryptocurrency sector, experienced significant turbulence this past week, primarily influenced by escalating geopolitical tensions between Israel and Iran. The volatility was widespread, affecting the top 100 digital assets. Despite the market downturn, some analysts and traders view this as a potential buying opportunity. They point out that excessive leverage has been purged from the market, resulting in more favorable funding rates and potentially setting the stage for a market rebound.

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Chart of the Day

Which Projects are Cleaning Up on Fees

Fees are integral to a blockchain project's functionality, security, and economic viability.

Besides compensating miners or validators who secure the network, they

Enable transaction prioritization during periods of high network congestion

Ensure sustainability by funding network operations, development, and upgrades without central funding sources

Bolster the network's decentralization by compensating a broad base of participants, preventing control by any single entity, and preserving the network’s decentralized ethos.

Not surprisingly, the biggest blockchains also collect the most fees. Even after the Dencun upgrade, Ethereum tops the list with over $3 billion in fees collected over the past year.

While blockchain fees can seem counterintuitive to the goal of providing fast and cheap global money transfers, they play a complex role in the entire ecosystem and functionality of the networks collecting them. And because they provide compensation for those securing the network, we can all benefit from fees through staking, validation, mining, and other network usage. The fees aren't great, but they aren't all bad, either.

ICYMI