The Bitcoin fear and greed index has reached extreme fear levels. While this situation worries many investors, The House of Crypto analyst reminds investor Warren Buffett’s saying “buy fear, sell greed.” In his latest report, the analyst focuses on one sector in particular and underlines that artificial intelligence (AI) crypto projects often experience significant increases after short-term declines. He specifically shares some altcoin projects that he believes will make 20x. However, before moving on to the news, we would like to remind you that these are only analyst comments and every investor should make their investments based on their own research.
Analyst hopeful for various altcoin projects
The analyst states that positive macro data, such as rising global stock markets and Nvidia stock reaching record levels, positively affects artificial intelligence altcoin projects. The report also discusses the three artificial intelligence altcoins that analysts expect to rise, the general situation of the cryptocurrency market and the purchase points of these altcoins. The extreme fear index is actually seen as a bullish signal for the cryptocurrency market, and the analyst predicts that Bitcoin will also rise, which will also push altcoins up.
The analyst’s first stop is the AIOZ project, which combines artificial intelligence with decentralized storage and streaming. AIOZ, which recently partnered with Nvidia, was previously considered a dead project. The analyst emphasizes that he expects a significant increase in the value of AIOZ, which is experiencing a healthy correction. Despite its high market cap, he predicts that AIOZ could reach a billion-dollar market cap thanks to demand for artificial intelligence and decentralized solutions. He states that there may be price declines in the short term, but in such a case, he plans to buy more AIOZ.
Aethir and IO.net are also on the list
The analyst then moves on to the Aethir project, which is not limited to artificial intelligence but is in a critical position in terms of GPU power, which is dominated by Nvidia. Offering over 43,000 enterprise-class GPUs, this project supports major language models such as ChatGPT. Only 9% of Aethir’s supply, which has a market value of $266 million, is circulating in the market. This indicates high growth potential, especially when most of the tokens remain locked in until the expected bull market. According to the analyst, the project managed to remain in a strong position despite market conditions. There is a 15-fold to 20-fold increase potential under favorable market conditions.
Finally, the analyst looks at io.net, which recently partnered with Aethir and Render. io.net also offers decentralized GPU solutions. Positioned in the growing artificial intelligence market, io.net offers more cost-effective and geographically flexible solutions using decentralized GPU clusters on a global scale. 11% of the supply of io.net, which has a market value of $220 million, is circulating in the market. The project, which has received low levels of investor interest despite downward market conditions, has significant potential with the rise of artificial intelligence.
While the cryptocurrency market is grappling with fear, artificial intelligence projects may be an opportunity for investors. As the analyst emphasizes, these projects often experience short-term declines followed by significant increases. However, it should not be forgotten that the cryptocurrency market always carries high risks. Therefore, you should always do your own research and evaluate expert opinions from different sources before investing.
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