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✨Big News in AI: Fetch.ai, Ocean Protocol, and SingularityNET Merge into Artificial Superintelligence (ASI)!💵💰 This $7.6 billion ground-breaking AI alliance launches a new #ASI token to challenge Big Tech centralised control.🤑 In a pioneering move, three AI powerhouses—SingularityNET, Fetch.ai, and Ocean Protocol—have teamed up to create the Artificial Superintelligence Alliance. This alliance, valued at a staggering $7.6 billion as of March 26, 2024, marks a significant shift towards decentralized AI, challenging the dominance of Big Tech. The brains behind this alliance are none other than Dr. Ben Goertzel of SNET, Humayun Sheikh of Fetch.ai, and Trent McConaghy of Ocean Protocol. Their vision? To democratize AI and shift control away from centralized authorities, ensuring a more transparent & ethical AI ecosystem. If approved by the respective communities, the merger of $FET , $OCEAN , & $AGIX tokens into a single ASI token will occur at specified conversion rates and fuel a massive decentralized AI network, paving the way for advancements in Artificial General Intelligence (AGI). This alliance so compelling for 3 reasons? Firstly, it comes at a time of unprecedented growth for AI projects. Secondly, it creates a scalable infrastructure for ethical and trustworthy AI practices, leveraging blockchain technology to open up AI systems. Lastly, it accelerates investment into AGI, bringing cutting-edge AI platforms and large databases to the forefront. Bruce Pon, CEO of Ocean Protocol, believes this merger will deliver on the promise of decentralized technologies on a global scale. The unified $ASI token will serve as the backbone of the machine economy, securing the public network and facilitating data access and computation without traditional banking rails. In terms of governance, a council comprising leaders from SNET, Fetch.ai, and Ocean Protocol will oversee operations. However, the three organizations will continue to operate independently, collaborating closely within the $ASI tokenomic ecosystem. #BTC #HotTrends #TrendingTopic #FET

✨Big News in AI: Fetch.ai, Ocean Protocol, and SingularityNET Merge into Artificial Superintelligence (ASI)!💵💰

This $7.6 billion ground-breaking AI alliance launches a new #ASI token to challenge Big Tech centralised control.🤑

In a pioneering move, three AI powerhouses—SingularityNET, Fetch.ai, and Ocean Protocol—have teamed up to create the Artificial Superintelligence Alliance. This alliance, valued at a staggering $7.6 billion as of March 26, 2024, marks a significant shift towards decentralized AI, challenging the dominance of Big Tech.

The brains behind this alliance are none other than Dr. Ben Goertzel of SNET, Humayun Sheikh of Fetch.ai, and Trent McConaghy of Ocean Protocol. Their vision? To democratize AI and shift control away from centralized authorities, ensuring a more transparent & ethical AI ecosystem.

If approved by the respective communities, the merger of $FET , $OCEAN , & $AGIX tokens into a single ASI token will occur at specified conversion rates and fuel a massive decentralized AI network, paving the way for advancements in Artificial General Intelligence (AGI).

This alliance so compelling for 3 reasons? Firstly, it comes at a time of unprecedented growth for AI projects. Secondly, it creates a scalable infrastructure for ethical and trustworthy AI practices, leveraging blockchain technology to open up AI systems. Lastly, it accelerates investment into AGI, bringing cutting-edge AI platforms and large databases to the forefront.

Bruce Pon, CEO of Ocean Protocol, believes this merger will deliver on the promise of decentralized technologies on a global scale. The unified $ASI token will serve as the backbone of the machine economy, securing the public network and facilitating data access and computation without traditional banking rails.

In terms of governance, a council comprising leaders from SNET, Fetch.ai, and Ocean Protocol will oversee operations. However, the three organizations will continue to operate independently, collaborating closely within the $ASI tokenomic ecosystem.

#BTC #HotTrends #TrendingTopic #FET

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This $142 Million Whales' Move Could Soon Ignite Demand Surge for Tron (TRX)!🚀 Tron (TRX) has been on a three-week winning streak, signaling a potential breakout above a crucial price level. Consistent accumulation by large investors, or "whales," is driving up TRX's price. These whales, holding between $100,000 and $10 million in TRX, have added over $160 million worth of TRX to their wallets in the past month. This brings their total holdings to near yearly highs. Investors are closely watching for a bullish signal that could spike demand. The Global In/Out of the Money (GIOM) indicator shows about 1.14 billion TRX, worth over $142 million, are on the brink of profitability. This supply, purchased between $0.123 and $0.127, could drive demand once it turns profitable, pushing TRX prices even higher. Currently trading at $0.125, TRX is approaching the key resistance level of $0.127. Breaking through this resistance could propel TRX towards $0.130, and turning $0.130 into a support level could set the stage for a run to its all-time high of $0.144. However, if TRX falls below its month-long uptrend line, it could dip to $0.121. Breaching this support would invalidate the bullish outlook, potentially sending TRX down to $0.116. #altcoins #buythedip #MemeWatch2024 #ETHETFS #CMEBitcoinSpotTrading $TRX
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Are Altcoins Now High Risk, Lower Rewards? These Market Analysts Think So Are the good ol' days of the AltSeason long gone? Once a goldmine for massive returns, altcoins now present a significant risk as the days of explosive gains seem to be over, according to crypto analysts. While there are still some tactical opportunities, the era of 100x returns might be behind us. Despite hopes for an altcoin bull market this year, retail participation is low and few new projects are capturing the interest of non-crypto traders. Past altcoin bull markets were fueled by strong narratives that drew substantial investment. This cycle, it seems that we’re seeing tighter capital conditions, low total value locked, and fewer venture capital investments. The narrative strength that once promised crypto could replace traditional finance has weakened, with current stories lacking longevity and impact. Recently, the Solana-based memecoin GameStop (GME) saw a 2,727% surge, triggered by a meme posted by Keith Gill, aka “Roaring Kitty.” However, this kind of spike is becoming rare. Michael van de Poppe, founder of MN trading consultancy, warned of the risks. In a May 16 X post, he highlighted that his altcoin-heavy portfolio is already down about 20% in just a week or two, and he’s prepared to lose up to 80%. Despite the risks, van de Poppe sold all his Bitcoin to move into altcoins. However, investor Fabio Andreatta responded skeptically, suggesting that van de Poppe’s move merely increased his risk. “You are very unlikely to outperform Bitcoin. Most altcoins will never reach their all-time highs again,” Andreatta cautioned. Bitcoin’s market dominance has risen, nearing a year-to-date high of 56.05%, indicating a shift of capital away from altcoins. As such, it is always best to do your own research before jumping into the market as trading and investing in crypto carries significant risks. #altcoins #buythedip #ETHETFS #CMEBitcoinSpotTrading #MarketSentimentToday $ETH $BNB $SOL
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Willy Woo Says Bitcoin Could Surge Further Before Hitting a Peak Based on Readings from this VWAP Oscillator Renowned crypto analyst, Willy Woo, recently explained on X the Volume-Weighted Average Price (VWAP) Oscillator for Bitcoin, hinting at significant upside potential. The VWAP is a crucial indicator that calculates an asset's average price based on both price fluctuations and trading volume, giving more weight to prices with higher trading activity. Woo's focus, however, is on the VWAP Oscillator, which tracks the ratio between Bitcoin's spot price and its VWAP, oscillating around zero. This metric has been in negative territory for the past few months but is showing signs of upward movement. Historically, when this oscillator rebounds from a negative bottom, Bitcoin tends to experience bullish momentum. The chart below illustrates the VWAP Oscillator's trend over the past two years. As seen in the graph, the oscillator is approaching the neutral mark after a period of negativity. If this trend continues, Bitcoin could see further price increases. Woo notes that previous rebounds from negative territory have led to significant price surges, usually lasting until the oscillator peaks in positive territory. "Still a lot of room to run before reversal or consolidation," Woo states, suggesting that Bitcoin bears might be in a tough spot. Retail Investors Piling In Adding to the bullish sentiment, CryptoQuant's Axel Adler Jr. reported that retail investors have purchased $135.7 million worth of Bitcoin over the past month. This influx of new investors could further fuel the rally. Currently, Bitcoin is trading around $65,000, marking a 5% increase over the last week. #CMEBitcoinSpotTrading #BTC #bitcoin #buythedip #BinanceLaunchpool $BTC
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✨Lower US Inflation Propels BTC to $66K:🚀 Can the CPI sustain the crypto market rally or is it just a deadcat bounce?🤷 Bitcoin has surged to $66,000 following the release of US consumer price data on May 15, sparking a wave of excitement across the crypto market. The core consumer price index (CPI), a key measure of underlying US inflation, rose by just 0.3% from March to April, marking its slowest increase in six months. This slowdown in inflation has raised hopes for potential interest rate cuts, fueling optimism among investors. Despite the positive inflation news, Fed Reserve Chair Jerome Powell emphasized the need for more data before considering any rate cuts, urging patience as current policies take effect. Some policymakers even doubt rate cuts will happen this year. However, the crypto market reacted swiftly. BTC's price shot up from $62,000 to $66,000, a 7% jump in just 24 hours. Major altcoins followed suit, with ETH climbing 4.4% and Sol soaring 12.3%. Overall, the total cryptocurrency market capitalization grew by 6.7%, reaching $2.5 trillion, CoinGecko reveals. Beyond easing inflation, other factors at play in BTC's recent surge include lower selling pressure from short-term holders and traders. For this rally to continue, demand needs to accelerate. While there are signs of increased demand from long-term holders and large investors, it needs to pick up pace. Additionally, spot Bitcoin ETF purchases remain low, and stablecoin liquidity growth has yet to improve. Moreover, Bitcoin’s current price is still undervalued from a miner's profitability perspective. The recent Bitcoin halving event in late April 2024 halved miners' rewards, putting financial pressure on them. Historically, low miner profitability often signals price bottoms, suggesting potential for future growth.🥺 Despite the challenges, analysts remain bullish on BTC’s long-term prospects. As the crypto market evolves, macroeconomic conditions, regulatory developments, and political factors will play critical roles in shaping its future. #MarketSentimentToday #ETFvsBTC $BTC
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🔥Core CPI Figures to Make Crypto Go Up: Bitcoin Price Set to Surge if These CPI Projections Hold True🚀 Today's US Consumer Price Index (CPI) data, set for release at 8:30 am ET, could significantly impact Bitcoin prices. Bitcoin has recently shown a strong reaction to macroeconomic news, making this report a key event for crypto investors. The CPI measures inflation by tracking changes in prices of consumer goods and services. After three months of higher-than-expected inflation, analysts now expect a slight slowdown for April. This could influence monetary policy and financial markets. CPI Expectations - Year-on-Year Increase: Expected to be 3.4%, down from March's 3.5%. - Month-to-Month Increase: Projected at 0.3%, a decrease from the previous 0.4%. - Core CPI (excluding food and energy): Expected to drop from 3.8% to 3.6% year-on-year, with a monthly increase slowing to 0.3% from 0.4%. Economists at Goldman Sachs predict core CPI will continue to decline, stabilizing around 3.5% year-on-year by the end of 2024, with core Personal Consumption Expenditures (PCE) inflation expected at 2.7% by December 2024. The CPI data typically has a significant impact on market dynamics, often more so than the Producer Price Index (PPI). With PPI data released today, market reactions to both reports will be closely watched. Crypto analyst Ted (@tedtalksmacro) warns of potential market volatility, noting that PPI often leads CPI numbers, which could trigger a stronger market response if expectations are missed. BTC's Reaction? BTC and the crypto market have been highly sensitive to inflation figures and Federal Reserve policies. Analyst Ted suggests that a slowdown in inflation could boost Bitcoin prices, stating, "This is the first time in a while we are likely to see inflation data slow. That'll be good for risk assets like Bitcoin if true." Softer inflation data could lead to more favorable monetary policies for Bitcoin and could set the stage for the next big move in Bitcoin. #BTC #bitcoin #CPI #altcoins #Memecoins $BTC
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