Altcoins
List of Altcoins to stack for 20x gains
With Bitcoin’s fear and greed index reaching extreme levels of fear, The House of Crypto analyst believes it’s a good time to buy, following Warren Buffett’s advice to “buy fear and sell greed.” He focused on a specific sector in his latest analysis and said that AI cryptocurrency projects typically see significant upside after short-term downtrends.
He explained a bullish macro outlook with global stock markets rising and Nvidia hitting all-time highs, which has a positive impact on AI cryptocurrencies. He talked about three AI altcoins he is bullish on, key buy areas, and the macro environment. The current extreme fear index is seen as a bullish signal for cryptocurrencies and he expects Bitcoin to move higher, which will lead to gains in altcoins as well.
Coin 1: AIOZ
AIOZ, a project that combines AI with decentralized storage and streaming, recently partnered with Nvidia. He noted that AIOZ, once considered a dead project, has seen a huge surge in value and a healthy correction.
Despite its high market cap, he expects it to grow to a multi-billion dollar market cap, driven by demand for AI and decentralized solutions. He sees potential for short-term price drops, but plans to buy more if that happens.
Coin 2: Aethir
Moving on to another project, Aethir, known for providing powerful GPU computing solutions on demand, is not just limited to AI but is central to GPU power, dominated by Nvidia. With over 43,000 enterprise-grade GPUs available, this coin supports large language models such as ChatGPT.
With a market cap of $266 million and only 9% of the circulating supply, the upside potential is high, especially with most tokens locked up until after the expected bull market. The analyst said that despite the market conditions, it has maintained a strong position, suggesting a potential upside of 15x to 20x if market conditions are favorable.
Coin 3: io.net
Finally, io.net, a recent partnership with Aethir and Render, offers similar decentralized GPU solutions. Positioned within the growing AI market, io.net leverages globally decentralized GPU clusters, making it more cost-effective and geographically flexible.
With a market cap of $220 million and 11% of the circulating supply, io.net has substantial potential, especially as it aligns with the current surge in AI growth. Despite a rocky start due to bearish market conditions, the project is showing promise with strong buying interest at lower levels.