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M3TA Recap: Nov 13 – Nov 19, 2023
Sam Altman did a complete 180 last week, and now Artificial Intelligence tokens are going up. Find me which ones are the treasures! AI, AI, Captain.
Top performers (7D)
BONK - $BONK: +97.6%
Price as of time of writing: BONK/USD - $0.00000449
BONK is a meme token featuring a dog image on Solana, designed to reward the Solana community for enduring the challenging year of 2022. $BONK has multiple products developed to serve the community such as BonkSwap, Bonk Trading Bot, and Bonk NFTs.
Reason: Same as last week, $BONK follows the surge of Solana $SOL.
Bittensor- $TAO: +84.5%
Price as of time of writing: TAO/USD - $271.35
Bittensor revolutionizes machine learning by decentralizing development, forming a peer-to-peer market for machine intelligence. This protocol transforms machine intelligence into a tradable commodity, fostering global innovation within an open and accessible network.
PAAL AI - $PAAL: +76.7%
Price as of time of writing: PAAL/USD - $0.190488
PAAL AI, similar to chat GPT, is a generative AI that users can integrate onto social media platforms to provide continuous 24/7 support.
Autonolas - $OLAS: +71%
Price as of time of writing: OLAS/USD - $2.29
Autonolas, or Olas, is a decentralized network of off-chain services offering a unified platform for automation, oracles, and co-owned AI. It provides a composable stack for service development and a protocol to incentivize their creation, operating in a decentralized and co-owned fashion. Autonolas integrates crypto and AI for decentralized execution of complex logic, continuous interaction with data, and introduces innovative applications like Governatooorr, an AI-enabled governance delegate for DAOs.
CorgiAI - $CORGIAI: +63.7%
Price as of time of writing: CORGIAI/USD - $0.001126
CorgiAI is merchant software leveraging AI for payment fraud prevention.
Nearly all of the tokens above are AI related, the news of Sam Altman's departure from his own company, OpenAI, and subsequent move to join Microsoft, has rekindled interest in AI tokens. Additionally, Elon Musk's announcement that 𝕏 Corp investors will possess a 25% stake in xAI has also garnered attention in the AI space.
Top losers (7D)
Rollbit Coin - $RLB: -23.3%
Price as of time of writing: RLB/USD - $0.01738
Rollbit serves as a hub for lotteries and various betting options, alongside offering Futures trading with leverage reaching up to 1000x for over 20 prominent trading pairs. Those participating in the lottery commit a specific quantity of RLB tokens, earning them 20% of Rollbit casino's revenue as incentives.
Bancor Network - $BNT: -18.3%
Price as of time of writing: BNT/USD - $0.7589
Bancor serves as an on-chain liquidity protocol, facilitating decentralized and automated exchanges on Ethereum and various other blockchains.
One of its products, Carbon, a decentralized exchange, was introduced in early May 2023, featuring notable elements like Strategies trading and limit orders.
Blur - $BLUR: -13.2%
Price as of time of writing: BLUR/USD - $0.3379
Blur operates as an NFT marketplace with no transaction fees and suggests a standard royalty rate of 0.5% for buyers, but users have the flexibility to adjust or set it to 0.
IoTex - $IOTX: -12.9%
Price as of time of writing: IOTX/USD - $0.024
IoTeX is a platform that integrates blockchain, IoT, and smart devices, offering fast, secure solutions. It connects real-world data to Dapps, develops blockchain-powered devices like security cameras, and aims to empower billions of devices and Dapps across the physical and digital world.
Filecoin - $FIL: -12.9%
Price as of time of writing: FIL/USD - $4.80
Filecoin is a decentralized network for file storage, incorporating economic incentives and cryptography to guarantee reliable, long-term file storage in a peer-to-peer environment.
Bitcoin's recent lackluster performance suggests that these tokens may experience a slight decline.
M3TA Telegram - Nov 13, 2023
As of Nov 13, Bitcoin's difficulty surpassed 64T, mining earnings also reached their highest point this year, surpassing the May peak.
The surge in earnings is attributed to the significant increase in Bitcoin's price, unlike May when network congestion played a crucial role. The two main factors influencing mining earnings are the value of Bitcoin and the network's activity level.
High mining difficulty might prompt miners to sell Bitcoin for maximum profit.
M3TA Telegram - Nov 14, 2023
Game7's report on Web3 gaming reveals that development halted for 157 blockchain games in 2022, with an additional 43 games stopping in 2023.
These interruptions were triggered by financial crises, inability to compete with newer games, or some opting to switch chains for more cost-effective operations.
Polygon is the most favored chain for games.
M3TA Telegram - Nov 14, 2023
Late on Nov. 13, XRP surged 12% to $0.73 after users discovered a Delaware filing for "iShares XRP Trust" by BlackRock. The gains quickly vanished as analyst Eric Balchunas exposed a fake filing, raising concerns about Ethereum trust filings.
M3TA Telegram - Nov 15, 2023
Polygon experienced a multitude of updates, including airdrops, OKX exchange collaboration, grants, and more, leading to a significant surge in Polygon zkEVM fees. For detailed information, read our thread!
M3TA Telegram - Nov 16, 2023
The HashDex Bitcoin ETF delay hints at a potential SEC approval halt from 10/11 to 17/11, extending until January 10, 2024. Grayscale's Ether Futures ETF is also delayed, differing in submission from recently approved similar ETFs by the SEC.
Grayscale strategically submitted the Ether ETF file under 19b-4, the same Act that secured Grayscale's legal victory with $GBTC against the SEC. This move is perceived as a strategic maneuver almost ensuring the SEC's defeat.
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