As a seasoned researcher with a knack for spotting trends that could reshape industries, I find Larry Ellison’s $100 billion AI boom projection intriguing and potentially game-changing. Having spent years immersed in the world of technology, I can attest to the transformative power of Artificial Intelligence and its ability to disrupt various sectors.
The cryptocurrency space continues to hunt for innovation and new technology to expand its global utility. With Oracle CTO Larry Ellison projecting a $100B boom in Artificial Intelligence (AI), investors focus on recently shifting crypto coins poised to ride this wave.
AI-Driven Crypto Coins to Flip $500 to $5M Amid Oracle’s $100B AI Forecast
As a researcher, I’m excited about Larry Ellison’s prediction of a $100 billion surge in the field of AI. In his recent Oracle earnings call, he underscored the profound influence AI will have on various industries worldwide. To quote him directly, “the growth potential of Artificial Intelligence is simply increasing, and it’s becoming bigger and bigger.
He emphasized that the AI race would be heavily competitive and that building cutting-edge AI models is immense and could require an entry margin of $100 Billion. Ellison further revealed that Oracle is developing vast AI infrastructure, including “acres of Nvidia GPU clusters,” to support AI model training.
It seems likely that you’ve gone through this information multiple times, as a significant trend is clearly apparent – one that could potentially shake up many sectors. However, the key to its impact lies in finding an affordable and dependable energy source.
— Ritesh Jain (@riteshmjn) September 11, 2024
In a recent CNBC interview, Nvidia Jensen Huang also said that the market is on the verge of the Industrial Revolution.
Here are 4 AI-driven to watch:
Artificial Superintelligence Alliance (FET)
Among cryptocurrencies, the Artificial Superintelligence Alliance (FET) stands out as a strong contender for potential growth alongside the advancement of artificial intelligence (AI), given its close association with the protocol’s objectives in areas such as AI automation applications, data exchange, and decentralized AI services.
Today, the FET token is trading at $1.32, with the alliance accounting for approximately $3.3 Billion. As per Santiment’s data, the Artificial Superintelligence Alliance has seen a significant surge in active addresses to 6042, highlighting growing user interaction and investor fascination towards AI-focused cryptocurrencies.
On the contrary, the FET price could crash if buyers lose $1 support.
The Graph (GRT)
The Graph offers a decentralized method for indexing and querying blockchain information, crucial for AI applications that heavily depend on extensive datasets. As AI continues to expand, there may be a significant increase in demand for cryptocurrencies such as GRT, given that the data infrastructure provided by The Graph could potentially grow at an exponential rate.
Currently, the price of GRT is at $0.14 and it’s holding firm above significant horizontal support at $0.125. Despite the market trend being relatively flat, major holders (those with between 1 Million to $10 Million GRT) have been actively accumulating the coin since late 2020, reaching a peak of one billion coins by now.
The buying trend highlights whales’ expectation for a massive reversal in Graph coin.
VeChain (VET)
VeChain, or VET, is a blockchain system built for streamlining supply chain management and business operations with the help of decentralized technology and artificial intelligence integration. The current trading value of a single VeChain coin stands at approximately $0.22, and its total market capitalization amounts to an impressive $1.78 billion.
For the last seven months, the value of VET cryptocurrency has been gradually decreasing due to a falling wedge pattern, which is influencing its price. If the bullish reversal pattern persists, investors hope for a surge past $0.023, potentially initiating a fresh upward trend for the coin.
Numeraire (NMR)
Numeraire utilizes artificial intelligence (AI) and machine learning to gather financial forecasts from data scientists all around the globe. With the increasing development of AI, as emphasized by the Oracle CTO, coins like NMR may become more popular, potentially leading to an improvement in Numeraire’s prediction model’s accuracy.
In addition, the number of addresses using NMR is gradually climbing and has reached a high of 36,980 as per data from Intotheblock. This upward trend indicates a growing user base for Numeraire, which could potentially speed up the coin’s resurgence.
At present, the value of NMR is being traded around $14.81, marking a 24-hour increase of 1.28%. Its total market capitalization remains steady at approximately $106.85 million.
For detailed analysis and prediction, check out our best AI crypto coins article.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD PHP PREDICTION
- TON PREDICTION. TON cryptocurrency
- USD COP PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- Strongest Magic Types In Fairy Tail
- GLMR PREDICTION. GLMR cryptocurrency
- ENA PREDICTION. ENA cryptocurrency
- USD ZAR PREDICTION
2024-09-13 16:14