AI Crypto Presale: Lightchain AI’s $18mn & Ozak AI’s $900K Raise
By Vishakha Thakur
As you are aware, with new partnerships and projects, the AI crypto industry has been expanding rapidly. Investors are also ready to fully benefit from this growth. The cumulative market cap of AI crypto tokens is over $25 billion as of March 25th, and the major AI coins by market cap, such as Render, TAO, ICP, FET, and NEAR, are all trading in the green with a surge of up to 2-3%. The standout performer has been the Story Protocol’s coin, IP, which surged 13.5% in the past 24 hours.
IP Coin Surges 13.5%; Becomes Fifth Largest AI Crypto
We discussed IP Coin in our previous show, and now, based on market cap, IP has surpassed FET coin, becoming the fifth-largest AI crypto coin.
Meta & OpenAI in Talks With Reliance For AI Expansion
Meta and OpenAI are in discussions with India’s Reliance Industries for AI expansion. According to a technology news website, The Information, both OpenAI and Meta Platforms held separate discussions with Reliance. One of the possibilities being discussed is a potential partnership between Reliance Jio and OpenAI to distribute ChatGPT.
This could have a significant impact on the crypto space as AI adoption in India may increase, which will act as a booster for AI-driven blockchain projects. Furthermore, the demand for AI-powered Web3 applications could rise, further strengthening the use-case for AI cryptos.
AI Expansion Could Boost AI-Driven Blockchain Projects
Now, let’s talk about two popular presales in the AI crypto sector. First, Lightchain AI.
Lightchain AI is developing an AI-powered blockchain that integrates Artificial Intelligence Virtual Machine (AIVM) and Proof of Intelligence (PoI) consensus models. The Artificial Intelligence Virtual Machine (AIVM) is a computational layer designed to execute AI-specific tasks seamlessly on the blockchain. Meanwhile, Proof of Intelligence is a revolutionary consensus mechanism created to reward nodes for performing valuable AI computations, such as model training, inference, and optimization tasks.
Lightchain AI: AI-Powered Blockchain Project
Looking at the presale stats of Lightchain AI, the LCAI coin presale is currently in its final stage (stage 15) and has raised approximately $18 million so far. The current price of the token is $0.007, and the Lightchain AI team claims that some experts predict the price could rise to $5-$20, indicating a potential return of up to 6,666x.
Lightchain’s LCAI Presale Stats:
- Presale Raise: $18 million
- Current Price: $0.007
- Price Prediction: $5-$20
Next, let’s talk about another popular presale project: Ozak AI.
Ozak AI: AI-Driven Trading & DeFi Automation
Ozak AI is an AI-driven trading and DeFi automation platform that will offer AI trading signals and predictive analytics for crypto traders, providing automated AI trading solutions.
As for the presale performance of Ozak AI’s coin, OZ, the project has raised over $900,000 so far. The current price of the coin in its third phase of the presale is $0.003. According to the website, in the next phase, the price could increase to $0.005, with the launch price target being over $1, suggesting potential returns of 10x to 50x.
Ozak’s OZ Presale Stats:
- Presale Raise: $900K
- Current Price (Stage 3): $0.003
- Stage 4 Price: $0.005
For more information on these two presale coins, you can check out their websites.
Now, the market is optimistic, but AI crypto investors should be cautious. Recently, Nvidia’s stock formed a “Death Cross,” which is considered a bearish signal.
Nvidia Stock’s Death Cross: A Market Concern?
When the 50-day moving average of a stock falls below the 200-day moving average, it forms a “Death Cross.” The last time this pattern occurred, Nvidia’s stock dropped by 47%. This pattern could also impact the sentiment in the AI crypto market. If Nvidia and AI stocks face pressure, we may see a correction in AI cryptos as well.
The Nvidia Death Cross could serve as a warning sign for AI cryptos. If macro market pressure intensifies, AI cryptos might also face short-term corrections.
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