Top AI/DePin Cryptos with REAL Potential in 2024
TLDRIn this video, Dennis discusses the AI crypto trend in 2024, focusing on decentralized AI and deep learning networks. He highlights the importance of projects like Gamer Coin and Ether, which target the supply and demand of GPU power for AI applications. Dennis also mentions established players like Render and Aash, but emphasizes the potential of newer projects in solving real problems within the deep learning space. He encourages viewers to follow him on social media for updates on upcoming projects and node sales.
Takeaways
- 🚀 The AI crypto trend in 2024 is heavily influenced by the increasing demand for decentralized physical networks (DePin) to match the supply and demand of GPU and CPU power for AI applications.
- 📈 Nvidia's GTC event is a significant catalyst for the AI and crypto crossover interest, being the largest AI event of the year and driving the current narrative in the crypto market related to DePin.
- 🔄 The focus is on projects that address the supply and demand curve issue in the AI DePin sector, particularly those that are relatively early in their development and tackle the real advantage vector of what is missing in the market.
- 🌐 Popular AI coins like Render, Aash, and Benser have already gained significant attention and value, but the speaker suggests that their upside potential may be limited at this point.
- 💡 The speaker highlights the importance of projects that can capture the demand side by reaching users rather than just gathering GPUs and also projects that can provide high-tier GPUs that are in high demand but currently lacking in the market.
- 🎮 Gamer Coin (GHX) and Gamer Hash are introduced as projects with potential due to their focus on consumer-facing AI applications, leveraging the existing user base of gamers to provide decentralized AI and DePin solutions.
- 🏢 Ether (ETHY) is mentioned as a project with a strong demand side focus, targeting gaming and AI with significant contracts in place, providing a distributed GPU cloud infrastructure for these sectors.
- 🔝 GPU Network (GPUE) aims to become the highest tier GPU provider in the decentralized space, focusing on supplying high-end GPUs that are in short supply and high demand for enterprise-level AI applications.
- 🔗 ION (IET) is an upcoming access layer to the supply of GPUs on render and fcoin, providing an aggregated API layer for developers to easily access and utilize decentralized GPU networks for AI model training and inference.
- 📊 The speaker emphasizes the potential of these projects due to their ability to solve real problems in the DePin sector and their early stage in the market, offering opportunities for early investment and growth.
- 🔔 For those interested in upcoming projects and node sales, the speaker recommends following their social media channels for the latest information and potential discounts or special access.
Q & A
What is the main catalyst for the second wave of AI and crypto crossover interest?
-The main catalyst for the second wave of AI and crypto crossover interest is Nvidia's GTC event, which is the biggest AI event of the year.
What does the current narrative in the crypto market focus on regarding AI?
-The current narrative in the crypto market focuses on decentralized physical networks (DePin), which aim to match the supply and demand of GPU and CPU power to meet the AI demand exceeding the market's hardware power supply.
Why are the altcoins mentioned in the video considered to have a lot of opportunities?
-The altcoins mentioned are considered to have a lot of opportunities because they are relatively earlier in their development, and they tackle the real advantage vector of what is missing in the AI DePin sector, which is the supply and demand curve.
What are some of the most popular AI coins that have been widely discussed?
-Some of the most popular AI coins that have been widely discussed include Render, Aash, and Benser, which are all leading projects in the AI and DePin space.
What is the main difference between the established AI coins and the altcoins mentioned in the video?
-The main difference is that the established AI coins have focused on the supply side by gathering GPUs and CPUs, while the altcoins mentioned in the video address the demand side by connecting retail users and high-tier GPU users to the decentralized AI networks.
What is the significance of the Nvidia GTC event for the AI crypto market?
-The Nvidia GTC event is significant for the AI crypto market because it is a major event that drives interest and innovation in the sector, leading to increased attention and investment in AI-related cryptocurrencies and projects.
Why is the supply and demand curve important in the context of AI DePin projects?
-The supply and demand curve is important in the context of AI DePin projects because it highlights the imbalance between the available GPU and CPU power and the increasing demand for AI capabilities, creating opportunities for projects that can effectively match supply with demand.
What are the unique advantages of the four projects mentioned in the video (Gamer Coin, Ether, GPU Net, and IET)?
-The unique advantages of these projects are their focus on specific areas within the AI DePin sector: Gamer Coin targets retail users and consumer-facing AI applications, Ether focuses on demand-side integration with gaming and AI, GPU Net aims to provide a large supply of high-tier GPUs, and IET serves as an aggregator layer for GPU supply networks like Render and Filecoin.
How does the Gamer Coin and Gamer Hash platform differ from other DePin projects?
-Gamer Coin and Gamer Hash differ from other DePin projects by focusing on the consumer side of the market, specifically targeting retail GPU owners and gamers to share their computing power, and offering a platform that can be easily tapped into for various AI use cases.
What is the potential market cap of Gamer Coin, and how does it compare to other DePin projects?
-Gamer Coin has a market cap of only $130 million, which is significantly lower than the valuations of other heavily inflated DePin projects, making it a potentially attractive investment for those looking to enter the market early.
Outlines
🚀 Introduction to AI Crypto Trend and Market Leaders
The paragraph introduces the viewer to the trending topic of AI crypto, focusing on decentralized physical networks (DeFi) that aim to balance the supply and demand of GPU and CPU power to meet the rising AI demand. It mentions Nvidia's GTC event as a significant catalyst for this trend. The speaker, Dennis, a crypto angel investor, plans to discuss various AI projects, particularly in the deep DeFi sector, and hints at the potential of lesser-known altcoins over popular ones due to their earlier stage and unique value propositions related to supply and demand dynamics in the AI deep DeFi space.
📈 Market Analysis of Established AI Coins and Upcoming Projects
This paragraph delves into the market performance of established AI coins such as Render, Aash, and Benser, highlighting their significant price increases and market caps. The speaker discusses the fundamentals of these projects, noting their early market entry and focus on the demand side of the AI market. However, the speaker suggests that the potential for further upside in these coins might be limited. The focus then shifts to two lesser-known but promising projects, Arweave and Near Protocol, which are believed to have untapped potential in the current AI-driven market narrative.
🎯 Near Protocol's Unique Position in AI Hype and Potential
The speaker emphasizes Near Protocol's unique position in the AI space due to its founder's background in machine learning and an upcoming presentation at Nvidia GTC. The expectation is that Near Protocol might announce something significant related to AI, which could boost its value. The speaker shares his personal investment strategy, having accumulated Near Protocol tokens at a lower price range and expressing confidence in its potential to reach new highs as AI continues to trend.
🌟 Unveiling the Potential of Gamer Coin and Gamer Hash
The speaker introduces Gamer Coin and its associated platform, Gamer Hash, as a promising project that allows retail GPU owners to monetize their computing power. Despite its name, Gamer Coin is not focused on gaming but rather on consumer-facing AI applications. The speaker is bullish on Gamer Coin due to its unique approach to tapping into the retail gaming audience and pivoting towards AI and deep DeFi applications. The project aims to harness the existing user base to explore advanced use cases like cloud gaming, 3D rendering, and generative AI, setting it apart from enterprise-focused platforms like Render and Aash.
💹 Ether's Focus on Demand Side of Decentralized GPU Cloud
Ether is presented as a distributed GPU cloud infrastructure targeting the gaming and AI sectors. Unlike other projects focusing on the supply of GPUs, Ether concentrates on the demand side, aiming to onboard users and games to utilize their decentralized GPU network. The speaker highlights Ether's significant contracts with major gaming studios and cloud gaming companies, indicating a strong market presence and potential for growth. Ether's upcoming token sale is also mentioned, with the speaker expressing personal investment and enthusiasm for the project.
🔥 GPU Network's Ambition to Become Top-tier GPU Provider
GPU Network is described as an ambitious project aiming to become the leading provider of high-tier GPUs in the decentralized space. The project plans to have a substantial number of high-end GPUs available for use by 2030, including exclusive models like the Nvidia A100. The speaker notes that GPU Network's focus on high-demand, high-tier GPUs sets it apart from competitors and positions it well to cater to enterprise-level AI needs. An upcoming node sale is mentioned, with the speaker encouraging followers to stay updated through social media channels.
🌐 ION's Role as an Aggregator Layer for Decentralized GPU Networks
ION is introduced as an access layer for GPU supply on decentralized networks like Render and Filecoin. The project simplifies the process of renting GPUs by providing a user-friendly dashboard and API access layer. ION's partnerships with Filecoin and Render are highlighted, along with its rebranding from Ant Bit to ION. The speaker sees potential in ION due to its position at the intersection of major GPU supply networks and its compatibility with the Solana blockchain. The project's imminent launch and the speaker's personal interest in it are also noted.
📢 Conclusion and Call to Action for Upcoming Projects
The speaker concludes by summarizing the discussed projects and their potential in solving real problems within the AI deep DeFi space. A comparison is made between established players and the newer projects, with an emphasis on the innovation and growth potential of the latter. The speaker encourages viewers to follow him on social media platforms for updates on node sales and other investment opportunities, providing links to his Twitter, Telegram, and Discord for further engagement and information sharing.
Mindmap
Keywords
💡AI Crypto Trend
💡Nvidia's GTC event
💡Decentralized Physical Networks (DePin)
💡Altcoins
💡Market Leaders
💡Supply and Demand Curve
💡GPU and CPU Power
💡Crypto Angel Investor
💡Node Sale
💡AI Model Training and Inference
Highlights
The AI crypto trend in 2024 is heavily influenced by Nvidia's GTC event, the biggest AI event of the year.
Decentralized physical networks (DePin) are focusing on matching the supply and demand of GPU and CPU power to meet AI demand.
The current market narrative revolves around DePin and its potential to address the shortage of GPU hardware power.
Popular AI coins like Render, Aash, and Fcoin have experienced significant value pumps due to the AI interest.
The demand for high-tier GPUs is primarily from tech giants like Google, Amazon, and Apple, creating a supply-demand gap.
New DePin projects have the opportunity to disrupt the market by focusing on the supply and demand curve and addressing the current gaps.
Gamer Coin (GHX) is a retail-focused, consumer-driven AI and DePin project that allows gamers to share their GPU power.
Aether is a distributed GPU cloud infrastructure targeting the gaming and AI sectors, with significant contracts in place.
GPU Network aims to become the highest tier GPU provider, focusing on the supply of high-end GPUs for enterprise-level AI.
IET is an AI model training and inference API layer that sits on top of large DePin networks like Render and Filecoin.
Investing in these emerging AI and DePin projects could offer significant opportunities, especially for early adopters.
The market leaders in AI crypto space are Render, Aash, and Fcoin, but their upside potential may be limited due to high valuations.
The key to new DePin projects' success lies in their ability to tackle the real demand side by reaching users or having a high-tier GPU supply.
AI and DePin projects are expected to continue benefiting from the growing interest in AI, with potential for new market leaders to emerge.
The fundamentals of established AI crypto projects include early market entry and focus on the demand side, but they may face disruption from new projects.
The upcoming projects like Gamer Coin, Aether, GPU Network, and IET are solving real problems in the DePin space by focusing on supply, demand, and user accessibility.
These new projects are particularly interesting due to their targeted approach to AI and DePin, offering unique advantages in the market.
The potential of these projects lies in their ability to tap into the retail gaming audience, high-tier GPU supply, and partnerships with major gaming studios and tech companies.
Investors should consider the unique value propositions of these projects, as they may offer significant upside potential in the growing AI and DePin market.