Elon Musk’s new AI venture, X.AI, sparks a fake crypto coin frenzy. Don’t fall for the scams – we reveal five legitimate AI projects worth investing in.
The Dogfather – Elon Musk recently founded X.AI, an artificial intelligence company with an aim to revolutionize the AI landscape.
Musk’s new venture is born important discussionAs people speculate about its possible offerings and capabilities.
The company was incorporated in Nevada with Musk as director and Jared Birchell, director of Musk’s family office, as its secretary.
Rumors about the purpose of X.AI have been circulating for days, with some suggesting that Musk intends to compete with the Microsoft-backed OpenAI, which he co-founded in 2015 and later spun off in 2018. got separated
The rise of scam coins after the launch of X.AI
The excitement surrounding X.AI has inevitably attracted malicious actors looking to capitalize on the hype.
Fake Crypto coins copy X.AI Decentralized exchanges like PancakeSwap and Uniswap have surfaced, promising investors quick profits.
The scams are reminiscent of previous schemes that emerged after high-profile events, such as Will Smith Inu (WSI) and the many other “shitcoins” that originated on the DEX platform after Queen Elizabeth’s death.
While some joke coins are easy to identify, counterfeit coins associated with Elon Musk, Tesla, or X.AI can be more confusing due to the extreme interest in AI projects.
Bridging the Gap: Legitimate AI Crypto Projects Worth Your Attention
As scam coins hit the market, it becomes important to differentiate between fraudulent schemes and genuine investment opportunities.
Especially the biggest AI coins in space are sure to explode! You don’t want to miss out!
In this article, we will present five promising crypto projects related to AI, offering a safer and more informed alternative to fake X.AI coins.
1. Fetch.Ai (FET) – Pioneering Decentralized Machine Learning
Fetch.ai is an innovative decentralized machine learning network built on blockchain technology that seeks to revolutionize the way devices, services and people are connected.
By providing the tools and infrastructure necessary for the development of a decentralized digital economy powered by artificial intelligence, Fetch.ai is positioning itself as a leader in the rapidly evolving world of blockchain technology.
Current price of Fetch.ai at $0.42 with a 24-hour change of +3.82%.
Throughout April, FET price has gained 13.62%, and the uptrend seems to have continued as it retested the upper trendline resistance at $0.425.
It is still rising, despite the Relative Strength Index (RSI) turning slightly warmer at 67, which may suggest that the upward momentum may continue, although it may face resistance near the $0.425 level .
However, if the price manages to break this resistance, we could see Fetch.ai reach $0.45, providing a gain of around 6.5%.
On the other hand, if Fetch.ai faces rejection at the $0.425 price level, it could decline to $0.40 representing a loss of approximately 5.35%.
A risk-reward ratio of 1.21 makes it a reasonable entry point, given the renewed interest in AI-related projects stemming from Elon Musk’s recent venture, X.ai.
2. SingularityNet (AGIX) – Decentralized AI Marketplace
SingularityNet is an ambitious project that aims to make the decentralized AI marketplace accessible to all.
Their goal is to build an open-source AI-powered infrastructure that enables developers to easily deploy artificially intelligent smart contracts.
This will allow rapid and scalable creation of AI products for end-users and position AGIX as a leading commercial launchpad for AI-based decentralized applications (DApps).
SingularityNet current price is $0.42 with a 24-hour change of -2.40%. Despite a sharp start to the month, prices have increased by 2% in April.
The price action is currently trapped below the resistance created by the 20-day and 200-day moving averages.
The RSI has cooled down to the neutral level of 51, while the moving average convergence divergence (MACD) is showing a slight bearish divergence at -0.0025, indicating a bearish stance on the moving averages.
If SingularityNET can break above the resistance created by the moving averages, it could potentially move higher to $0.45.
However, if the price fails to break above the resistance, we could drop further down towards $0.40.
A risk-reward ratio of 0.82 may not be the most attractive entry point, but with the recent resurgence of AI narratives due to Musk’s X.ai venture, there could be strong potential for a price pump.
3. Love Hate Innu (LHINU) – Revolutionary Meme Coin Project
Love Hate Innu (LHINU) Tamadoge is an innovative meme coin project created by Carl Dawkins, the founder of previous successful ventures.
Taking advantage of the meme coin trend and the $3.2 billion survey industry, LHINU offers a unique vote-2-earn system.
Users can vote on polarizing topics and figures while earning rewards in LHINU tokens, in a tribal stand-off that could see Andrew Tate loyalists battle it out against the Maga-Tards.
With over $4.4 million raised in the pre-sale and only 16% of tokens remaining, investors can still buy LHINU tokens at 0.0000105 USDT before the next price increase.
With ambitious plans and upcoming CEX listing in Q2 2023, LHINU is poised for exponential growth.
4. DLANCE – A Leading Recruitment Platform
time is running out to invest in DLANCE Token At a discounted price of $0.029 USDT as there are only six days left before the price increases.
This innovative project has already raised $242,160 towards its $600,000 goal and early investors can see 112% returns when the token is listed on CEX at $0.053 USDT.
DeeLance provides a unique recruitment service using NFTs and a Metaverse platform supporting virtual offices, digital item trading and more.
The potential market for DeeLance is huge, with the metaverse market projected to grow to $335 billion by 2027. DLANCE Token enables users to access various utilities and opportunities within the platform.
5. Ecoterra (Ecoterra) – Recycling and Transforming Waste Management
Ecotera (Ecotera) is an innovative blockchain project that aims to revolutionize the recycling and waste management sectors by merging sustainability with cryptocurrency.
Ecoterra’s pre-sale is currently live, offering early investors discounted tokens and the opportunity to support eco-friendly initiatives.
Ecoterra’s core concept, Recycle2Earn, rewards users for recycling materials and reduces individual carbon footprints.
Key features of Ecoterra include the Recycle2Earn app, the Carbon Offset Marketplace, the Recycled Materials Marketplace, and the Impact Trackable Profile.
Early investors can buy the token at $0.0055, a significant discount compared to the last stage price of $0.01, providing a potential upside of 150%.
Disclaimer: The cryptocurrency projects supported in this article do not constitute financial advice from the publication author – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.