PRESENTED BY CRYPTOREON
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By Nathan · April 15th, 2024

Happy Monday! Today's newsletter is 878 words, a 3 minute & 41 seconds read.

1. A weekly look at our favourite dinosaur 📸

Bitcoin increased by 3% on Monday after falling as low as $61,300 over the weekend.

Some analysts attribute the weekend's drop to geopolitical tensions. Matteo Greco, a research analyst at Fineqia, stated, "The weekend's price drop was due to geopolitical tensions in the Middle East”.

Market reaction: sentiment improved after an announcement about a temporary ceasefire among the involved nations.

• Several altcoins also rose on Monday. Render, a GPU marketplace AI project, surged by 19%.

• Ondo Finance, a RWA project also increased, rising 18% in the past 24 hours.

This suggests that AI and RWA still have significant momentum. Both categories will see a substantial increase towards and during a bull run.

If you're considering just two projects for this upcoming run, choose one from each category. Sit on your hands, and enjoy your gains in 2025.

2. Wen next ETF? 💸

Bullish news from Hong Kong as they have approved spot Bitcoin and Ethereum ETF applications.

This makes the region the second to do so in 2024, following the SEC's historic decision to approve 11 spot BTC ETFs in the US.

• JPM States that the chances of a spot ether ETF approval in May are no more than 50%.

• However, the bank predicts that spot ether ETFs will eventually receive approval.

I believe we may not see an approval in May. In my opinion, the SEC has been notably silent on everything related to the Ethereum ETF.

On the flip side I also think that an approval is just a matter of time, perhaps by the end of this year.

3. The AI fusion dance 🤖

Fetch , Ocean Protocol, and SingularityNET have proposed a merger to form The Superintelligence Alliance.

Why: The proposed merger aims to unite the strengths of three protocols to build a large, open-source AI infrastructure, to be led by SingularityNET CEO, Ben Goertzel.

This merger is dependent on majority approval from the community. A governance proposal was made available to FET & AGIX token stakers on April 2.

Each of the three projects contributes unique skills and benefits.

• FET brings advanced autonomous AI agents.

• OCEAN offers data sharing and monetization.

• AGIX leads in AI integration R&D.

I think that ASI has the potential to be highly beneficial in the long run, pending governance proposal approval.

However a recent decline in FET, OCEAN & AGIX price has been observed and was expected.

When ASI eventually goes live I believe it will be competing with Render and Bittensor for the top AI position.

My project of the week is DeAi. Let’s do a deep-dive into my favourite, upcoming AI project.

Why was blockchain designed? To decentralize user data. With DeAi, data is stored across nodes, addressing issues of data transparency.

Bittensor, TAO with a market cap of over $4B, has been successful in promoting the concept of DeAi. However, its high market cap and proof of work (POW) mechanism limit its accessibility for new investors.

This where Zero1 steps in: With a $70M market cap, it presents a more attractive entry point for Decentralized Ai.

• With TAO growing the narrative, investing in DeAi becomes appealing. Z1 allows AI dapps to be built on it and offers itself as the most affordable alternative to TAO through its proof of stake (POS).

• With the DeAi Token, you can receive airdrops by staking, pay gas fees within the Cypher network, operate nodes, and participate in governance.

• The token also grants early access or whitelisting for AI projects developed by the Zero Construct Program (ZCP).

What about the team? Zero1's team are known for their work on projects like Solana, Wormhole and Orderly Network. They have a lot of experience and most of the members are doxxed.

A look at the roadmap shows us that the team has a lot of things lined up.

• This month, Keymaker will introduce over 50 new tools and collaborations with more than 10 partners.

• In the upcoming weeks, they will reveal new projects and grant recipients.

• Mainframe stakers will get access to consistent lockdrops from ecosystem launches and receive yield in stablecoin revenue.

I think that DeAi will be a competitor to TAO and eventually will surpass it. Stacked team, stacked roadmap, stacked backers. With AI as the meta this upcoming bull run, DeAi ticks all the boxes.

I see DeAi hitting a market cap of at least 20 billion in the future. Quick maths: a 285x from the current market cap of $70M. Not bad right?

5. One more thing… 🍏

In my future newsletters you can expect reports where i will share in-depth reviews of new and emerging projects, just like DeAi.

For a small fee you will get access to a weekly report called ‘Gems For Friends' where I will share the latest crypto gems that I have discovered and invested in personally.

• By subscribing to this service, you will be among the privileged few who are informed ahead of the crowd, ensuring that you stay ahead of the game and have the first-hand knowledge of my own investments.

• You can get the report for FREE by upgrading your subscription. I will let you all know when the first report goes live.

Until next week! Take care.

Nathan ‘Cryptoreon’