AI tokens are on fire. The AI frenziness triggered by ChatGPT did hit the stock market last week, it is now also hitting crypto markets. Tiny detail: whenever crypto is on fire, the moves are 10x stronger than stocks. Members of our premium crypto research service were the first to know that this would happen, we tipped the top AI token on January 7th right before it tripled.
We track a list of approx. 35 tokens, divided in 6 segments. This gives us a good view on the ‘crypto segments’ that show relative strength.
In our last update, on January 7th, we noticed how AI & Big Data tokens were the group with most relative strength. Our top pick in this group was Fetch.ai. This is what we wrote to premium members, on that day:
FETCH: This is the strongest bullish reversal we see across hundreds of crypto tokens. No surprise, other big data & AI tokens have also bullish reversals. The first bullish targets are 0.18 and 0.27.
This is the chart that we published on January 7th, 2023, in the restricted area of our research service, vastly outperforming BTC and ETH:
This is the same chart, today, exactly 4 weeks later:
In our service, we constantly recommend to go after ‘free tokens’. This is a strategic concept to allow investing in high volatile and high risk markets, like crypto. The idea is to sell 50% of an individual holding once the price of that token doubles.
Our members are enjoying free Fetch.ai tokens. No matter what happens, they will be winners:
- If price moves higher, they had an amazing deal, stress-less (no stress about where/when/how to exit).
- If price retraces, they had an amazing deal, stress-less (no stress about where/when/how to exit).
Our readings of Fetch.ai (also OceanProtocol) were based on a strategy that is based what we called “the Litecoin effect“:
It’s very simple, the ‘Litecoin effect’ is a ‘break up event’ of the falling trendline that did dominate the downtrend in 2022.
That’s how we did spot both Fetch.ai and OceanProtocol right before they tripled.
There is still one ‘AI token’, in our favorite list, that is worth buying. It is the laggard, it is concluding a long consolidation and starting to break out today.
HINT: It is the 3d token in the list of ‘AI & Big Data’ tokens in our January 7th update.
TIP: Whatever you do, be sure to lock in ‘free tokens’ as a crypto investor. During a rally, you are blindsided, however price always comes down eventually before it goes up. You might be trapped in those wild swings if you don’t apply the ‘free token strategy’.
