To be honest, Nvidia taking this step is more concrete than the narrative of many AI coins. Switching from selling shovels to mining is like stepping in personally to test whether the demand for AI applications at the user/application layer is real.
The problem in the crypto market right now isn’t that there are no hot spots—it’s that the hot spots are too scattered. Over three days, the total market cap of shanzhai coins increased by more than $200 billion, but when you look at trading volume, most of the rise is driven by sentiment rather than any real follow-through. In this kind of market, my habit is to watch for coins that first pull back, not to chase those that are still surging.
Near the $80,000 level for BTC, there’s a sell wall, which suggests that disagreement above is increasing. At this position, I won’t bet on a breakout; I’d wait for it to digest first. For the AI theme: if Nvidia can truly run it through, there may be a second wave for the compute-power chain and DePIN afterward. But it’s still early—first we should see how the market prices this expectation.
The problem in the crypto market right now isn’t that there are no hot spots—it’s that the hot spots are too scattered. Over three days, the total market cap of shanzhai coins increased by more than $200 billion, but when you look at trading volume, most of the rise is driven by sentiment rather than any real follow-through. In this kind of market, my habit is to watch for coins that first pull back, not to chase those that are still surging.
Near the $80,000 level for BTC, there’s a sell wall, which suggests that disagreement above is increasing. At this position, I won’t bet on a breakout; I’d wait for it to digest first. For the AI theme: if Nvidia can truly run it through, there may be a second wave for the compute-power chain and DePIN afterward. But it’s still early—first we should see how the market prices this expectation.