Table of Contents
In this report:
- PulseChain & HEX - Big News
- AI Crypto Trading Bots: The Future of Crypto Trading
- Top 100 Gainers (7-days): Render (RNDR) +38.4% (7d)
- Micro-Cap Gainers (30-days): Fief (FIEF) +689% (30d)
- Monthly Altcoin Pick: Altcoin Pick will be released at the end of May
PulseChain & HEX
The market has recovered slightly from last week, but the big news which isn't being reported much is PulseChain is now live.
PulseChain (PLS) is arguably the most anticipated crypto project in the market and investors have eagerly awaited its release. PulseChain is Richard Heart's second project and it was released at the beginning of the week.
PulseChain is a copy of the Ethereum blockchain with improvements - including much lower transaction (gas) fees. The native token is PLS and all the existing ETH on the Ethereum network will also be converted to PLS on the Pulsechain network - making it the largest airdrop in crypto history.
PulseChain has been live for less than a week and is already ranked 5th in market volume, with its exchange token (PulseX) ranking #7.
The project is not yet tracked on CoinMarketCap or any of the other crypto-tracking sites.
Personally, I am very bullish on this project.
It's already done 7x just over the last 4 days.
Richard Heart's first project was HEX and it reached 1 cent in just 14 months after its launch in December 2019. The token made 'average investors' generational wealth as it doubled 13 consecutive times; approximately every 48 days.
Heart already has a track record of launching a very successful crypto project and with the years of anticipation and hype around PulseChain (as well as it being the largest Airdrop in crypto history), it's very likely we will continue to see this newly released project continue to perform very well over the upcoming weeks and months.
AI Crypto Trading Bots
It's only a matter of time before the bulk of all trades (both in the crypto and stock markets) will be entirely automated and run by AI.
Over the last six months, the world's most advanced (publically available) conversational Artificial Intelligence (ChatGPT) has taken the world by storm and successfully passed the bar exam, medical exams, and multiple high-level tests. A recent study even found that ChatGTP outperforms physicians in providing high-quality, empathetic advice to patient questions.
Also recently, many online traders have turned to ChatGPT for their crypto investing and although the social media commentary is only anecdotal, they are claiming phenomenal results.
It's my opinion, that it is only a matter of months, maybe a year or two before we begin to see a new breed of products integrated with AI for the crypto trading market.
To get ahead of the curve, we will be scanning the market for the latest AI Crypto trading bots, providing reviews, and testing them.
So far, the best AI trading bot we have found has been Stoic.ai. This AI crypto trading bot claims to be able to be profitable in any market condition and is fully automated. Just set it up, define your risk profile and it takes care of the rest (currently only integrated on the Binance exchange).
As new AI trading bots hit the market, we will be reviewing them and letting you know our findings. If you would like to recommend an AI trading bot we should review, please leave your suggestion in the comments below.
For more on AI trading bots, check out: Top 6 AI Trading Bots for 2023
Crypto Market at a Glance (7D):
Lots of green in the market this week.
Crypto Fear & Greed Index:
Today's Crypto Fear and Greed index = Neutral -- Decreased to 48 (from 49 last week).
Bitcoin & Ethereum Price Movement
Bitcoin has increased 3.4% in the last week, currently trading at $26,821 (90-day high of $31,005). In the previous 90 days, Bitcoin has increased by 8.7%.
Ethereum has increased 3.4% in the last week, currently trading at $1,810 (90-day high of $2,137). In the previous 90 days, Ethereum has increased by 7.1%.
Global cryptocurrency market capitalization increased slightly this week from $1.102T to $1.124T.
Top 100 Gainers - Last 7 Days
Over the last 7 days, the biggest gainers (within the top 100):
Render Token (RNDR) +38.4% - Ranked #54
Render Token, also known as the Render Network, is a service that provides decentralized GPU-based rendering solutions. It was founded by Jules Urbach, CEO of OTOY, in 2016 with a vision to democratize GPU cloud rendering.
The Render Network aims to revolutionize the digital creation process by allowing users to perform render jobs using the idle GPUs of others connected to the network. This is achieved using a system where "Node Operators" (those who have registered their idle GPUs on the Render Network) can accept jobs from "Creators" (users in need of rendering work).
These jobs are processed using OctaneRender, a GPU-accelerated, unbiased, physically correct renderer. The Render Network receives a small percentage of the Render Tokens (RNDR) paid out to facilitate the transaction and maintain the network.
SingularityNET (AGIX) +30.4% - Ranked #94
SingularityNET is a decentralized, open-source protocol for Artificial Intelligence (AI) services. It allows multiple AI algorithms to interact and cooperate without a central authority.
It's built on the Ethereum blockchain and uses its native token AGI (Artificial General Intelligence) to enable transactions within the network. SingularityNET aims to facilitate a global AI marketplace where organizations and developers can buy and sell AI services.
Mask Network (MASK) +26.3% - Ranked #98
Mask Network is a platform that aims to bridge Web 2.0 users to Web 3.0. Its goal is to bring decentralized applications onto traditional social networks via an extension that provides a decentralized option for features Web 2.0 users are already familiar with.
This includes secure, decentralized social messaging, payment networks, file storage, and file sharing, all without leaving mainstream social media networks. This allows users to experience the benefits of the Web 3.0 world in a straightforward and effortless way.
Injective (INJ) +22,5% - Ranked #70
Injective is a decentralized layer-2 DeFi protocol that is designed to facilitate fully decentralized trading on a high-speed, low-cost infrastructure. The platform is built on top of Ethereum and enables peer-to-peer trading on a decentralized exchange.
Injective aims to allow for secure and efficient decentralized derivative trading and the users have the ability to create and trade on any derivative market of their choosing. This allows for a highly flexible and customizable trading experience.
The protocol utilizes a layer-2 scaling solution to achieve its high performance and low fees, taking the concept of decentralized finance a step further by putting more control in the hands of users.
Best Micro Cap Research Tool
If you missed out on the Pepe craze and looking for the next freshly minted meme coins which are getting traction (it's how I originally found Pepe), or just want to get in early on a brand new project with great potential - Check out Moralis Money.
First, read our 100x Altcoin strategy article which discusses how to use this tool.
Biggest Micro-Cap Gainers in the last 30 days
Every week we review and analyze small and micro market cap cryptos looking for the next low-cap gem. These are the best-performing (quality) micro-cap projects over the last 30 days:
Best Performing Quality Micro Caps (Last 30 days):
- FIEF +689% - Metaverse Game (Nano-Cap)
- OXO +283% - AI + Privacy on DeFi Platform (Micro-Cap)
- SAUBER +176% - Alfa Romeo Fan Token (Nano-Cap)
- DEXT +77% - DeFi Trading Tool (Meme Coin) (Micro-Cap)
Monthly Altcoin Pick:
We will be releasing our Altcoin Pick for May at the end of the month. If you would like access to this Altcoin Pick and future ones, please consider becoming a member. Altcoin picks are emailed to members as soon as they are published and this is the strategy we use for choosing them.
Our Altcoin Picks for the prior months can be found here.
If you would like to support this publication and have access to member benefits, such as our monthly Altcoin Pick, signup here.
Thanks and appreciation to all our members!
Until the next report,
Richard