What is aiRight (AIRI)?
aiRight (AIRI) is an AI-based, NFT Authenticity Verifying Service that checks NFT authenticity and provides early detection for on-chain infringement.
It provides a safe and creditable environment for the NFT community and provides advanced community-driven tools for creators. This project has four main offerings, an NFT Audit, On-Chain analysis, Off-Chain Authenticity and reporting on NFT transaction history - all services to help provide a safer and better NFT experience.
The NFT Audit:
The NFT Audit evaluates the credit score of any media assets (image, audio/music, and video) before being minted on the aiRight platform. The assets need to go through the verification steps, in which a report is generated by AI Oracle from Oraichain and attached to NFT when the users agree to mint. Everyone can view this report when visiting the NFT details.
On-Chain authenticity level
On-chain authenticity refers to the authenticity of the NFT within aiRight Marketplace and within other on-chain assets across marketplaces such as OpenSea, Rarible, etc. Any modified copies of on-chain assets are supposed to be detected at this level.
Off-Chain authenticity level
Off-chain authenticity is the authenticity of the NFT compared to other off-chain works including image, music, audio, and video media. Any copyright infringement is planned to be detected at this level.
Report of NFT transaction history
A report is created to provide a transaction history list and a knowledge graph focused on the NFT, highlighting any abnormal behaviors if found based on our AI analysis. The report includes a predicted “fair market value” and other metrics related to sale volume, minting activity, social sentiment, and community growth.
The chart above provides the current trading price for this project and can be set to display various time frames, including the entire price history for the project:
Should You Buy Tap (XTP) Now?
The indicator below is provided by Trading View and is an algorithm that includes many commonly used technical indicators such as trendlines, moving averages, and momentum indicators, aggregated into an all-in-one "Buy or Sell" indicator for this project.
This is the current buy/sell sentiment based on technical indicators:
Was it a Good Investment?
This article was published on February 5th, 2023 when the trading price for aiRight (AIRI) was $0.00649.
A $1,000 investment in this project would have bought 154,083 tokens.
Today that $1,000 investment is now worth:
AIRI Project Links:
- Website: https://airight.io/
- Twitter: https://twitter.com/aiRight_io
- Telegram: https://t.me/airight_official
Before Investing in this Crypto Project
Before making a decision to purchase any cryptocurrency, it is important to research and analyze the project and to do your own research (DYOR). This can include performing both a technical and fundamental analysis of the project.
If you are thinking of investing in this project, here are some initial steps you should consider in order to make an informed decision:
Initial factors to take into consideration:
- Historical performance: Look at how the cryptocurrency has performed over a period of time and see if it has shown stability or volatility within the price.
- Volume: Analyze the trading volume of the cryptocurrency to see if there is sufficient liquidity and market demand to be able to sell when needed. This is especially important when dealing with low-capitalization altcoins.
- Market cycles: Be conscientious of market cycles and how they may impact the price of the cryptocurrency, this can include the overall market trend (bull/bear market) as well as the cycle for the specific project.
- Market sentiment: Observe the general sentiment of the market regarding the project and assess if it is positive or negative towards the future market price of the project.
- Market events: Search for any major current or near future events that may have an impact on the future price of this project. This can include upcoming new releases, public partnerships, or even regulatory developments.
It is important to note that past performance is not a guarantee of future performance. This is especially true for cryptocurrency projects as this is a highly volatile (and speculative) market.
If you have decided to move forward on the project, it is worth conducting both a technical and fundamental analysis of the project.
Fundamental analysis helps in determining the long-term success of a cryptocurrency project and this is especially important if you are looking to hold the cryptocurrency for a long period of time. If you are only interested in short-term gains, you may ignore this can go straight to the technical analysis.
Fundamental analysis is a method to evaluate the "intrinsic value" of the crypto project and the following factors should be taken into consideration:
- Technology: Evaluate the technology behind the cryptocurrency, including its security, scalability, and potential for future developments.
- Adoption: Assess the level of real-worldwide adoption and usage of the cryptocurrency, as well as its potential for future growth.
- Competition: Analyze the competition in the market and how it may impact the demand and value of the cryptocurrency.
- Team and leadership: Look at the team behind the cryptocurrency and their experience, track record, and plans for future development.
- Partnerships: Consider any partnerships or collaborations that the cryptocurrency has established, as they may impact its future growth and adoption.
- Regulatory environment: Analyze the regulatory environment and legal status of the cryptocurrency in your country, as it may affect its future value and adoption.
- Financials: Examine the financial health of the cryptocurrency, such as its revenue, expenses, and market capitalization.
Technical Analysis (When to Buy or Sell)
Technical analysis is a method used to evaluate the price movement and trends of a cryptocurrency by analyzing its historical price data and chart patterns to determine the probable future price movement..
The aim of technical analysis is to identify buying and selling opportunities by analyzing market trends and making predictions about future price movements and is one of many tools used to determine probable future movement by analyzing data and statistics gathered from historical trading activity, such as price movement and volume.
Technical analysis is important because it can help investors to identify potential buying and selling points based on past price movements and market trends.
When conducting technical analysis for purchasing a cryptocurrency, the following factors should be taken into consideration:
- Charts: Analyze the price charts of the cryptocurrency to identify trends, support and resistance levels, and chart patterns.
- Indicators: Use technical indicators, such as moving averages, volume, and oscillators, to gain insights into market sentiment and potential buying and selling points.
- Trends: Identify the long-term and short-term trends of the cryptocurrency, including bull and bear markets, and make predictions about future price movements.
- Volatility: Observe the volatility of the cryptocurrency and assess if it is suitable for your risk tolerance and investment strategy.
- Market events: Consider any market events that may impact the price of the cryptocurrency, such as news, partnerships, or regulatory developments.
Through a thorough analysis of the project, you are able to make better and more informed decisions. This helps to minimize your risk and maximize your potential gains on any one investment.