Author: 1912212.eth, Foresight News

The cryptocurrency market did not see a frenzy before the halving of BTC, but rather an "asset halving". Most of the altcoins plummeted, some even halving from their recent highs, causing numerous investors to suffer heavy losses.

Geopolitical conflicts, combined with the delay and reduction of interest rate cuts, have led to a tightening of liquidity in the cryptocurrency industry. Some institutions are unwilling to stand by and watch, and the altcoins are hit the hardest, experiencing continuous declines. After BTC officially completed the halving, the selling pressure gradually weakened, and market sentiment began to return to normal.

The AI token series has surged ahead, with ARKM hitting a low of $1.18 before oscillating for several days and then beginning to rise, even achieving five consecutive daily increases, reaching a high of $2.40. WLD also recorded a surge of over 15% in recent days, rising from a low of $3.68 to above $6. FET has risen from $1.59 to around $2.50, while AGIX has risen from $0.60 to $1. TAO, the largest in market value, has also climbed from $426 to $532.

What are the reasons for the surge?

Rebound after excessive market pessimism

After BTC fell below the $60,000 mark and briefly dropped to around $59,600, just when the market was in despair and expected the downtrend to continue, Bitcoin quickly responded to the question of whether the bull market was still intact with five consecutive daily increases.

Looking back at the previous bull market cycle, there was also a significant pullback before the halving of Bitcoin. In March 2020, Bitcoin dropped from around $7,000 to below $4,000, and Ethereum dropped from $260 to around $90, with most declines around 70%, and other altcoins had declines of over 75% (based on the recent highs at the time).

If history repeats itself, with a 75% decline, most altcoins may have already hit rock bottom.

Secondly, while the situation in the Middle East remains relatively stable and no major conflicts have occurred, investors have not sold off risky assets but have instead sold off US bonds and pushed gold to historic highs.

Furthermore, market sentiment tends to agree that the market will still be active in the second half of this year or towards the end of the year. Therefore, some market funds are eager to enter the market boldly.

The market value of USDT has reached a historic high. Even as the market is in a downturn, its market value has increased from $107 billion on April 14 to nearly $110 billion, with nearly $3 billion flowing in in less than 10 days, indicating relatively strong bottom-fishing sentiment.

Upcoming release of GPT-5

The release of GPT-4 once caused a global sensation and drove the ongoing high popularity of AI topics, and related concept tokens in the cryptocurrency market also did not lag behind. For example, Worldcoin, co-founded by OpenAI's Ultraman and also an investor in the AI data tracking platform Arkham, tends to surge whenever Ultraman and OpenAI gain popularity, with the former often experiencing a more aggressive surge.

After a period of silence following GPT-4, the release time of GPT-5 has attracted much attention. According to Business Insider, OpenAI is expected to release GPT-5 in mid-2021, possibly in the summer. Some enterprise users have already experienced testing GPT-5 internally and have stated that it has "substantial improvements" over the previous generation. In addition, sources also said that OpenAI is still intensively training GPT-5 because it must pass security tests.

If true, the AI frenzy may not be far off.

OpenAI co-founder Ultraman recently stated in an interview: "The improvement in the capabilities of GPT-5 will exceed people's imagination. I don't know when GPT-5 will be released, but it will achieve a qualitative leap in advanced reasoning capabilities. This is not just a small step forward, but a huge leap."

Notable progress of AI projects

Worldcoin

In early April, Worldcoin announced the launch of World Chain, which will be open to everyone. Verified users will have priority access to block space and will also receive Gas allowances for daily transactions. Developers will be able to reach millions of real users globally and develop practical applications for daily life. The network will be deeply integrated with the Worldcoin protocol to accelerate growth and utilize World ID for identity verification. It will be secured by Ethereum as L2 and designed for scalability through the Superchain ecosystem. It will be permissionless, open-source, and ultimately managed independently by the community.

Fetch.ai, SingularityNET, and Ocean Protocol

Earlier this month, Fetch.ai, SingularityNET, and Ocean Protocol announced the merger of their tokens to create a decentralized artificial intelligence (AI) alliance. This alliance aims to provide a decentralized alternative to projects currently controlled by large tech companies. The merger proposal was officially approved by vote on April 16.

io.net

As a competitor to Akash Network, io.net not only has a luxurious investment lineup and a huge amount of financing, but also has the backing of the Solana ecosystem, making it highly anticipated. At the end of April, its token will be officially launched.

The IO economic model has been announced, with an initial supply of 500 million IO at genesis, divided into five categories: seed investors, A-round investors, core contributors, research and ecosystem, and community. As IO is issued to incentivize network growth and adoption, it will grow to a fixed maximum supply of 800 million IO over 20 years. Rewards will be released to suppliers and stakers every hour over 20 years. The rewards will follow a deflationary model, starting at 8% in the first year and decreasing by 1.02% per month (approximately 12% per year) until reaching the upper limit of 800 million IO.

Arkham

During the token unlock controversy earlier this month, Arkham faced significant controversy and turmoil due to Nansen and 0xScope's posts stating that it did not unlock tokens as required, leading to a continuous decline in the token price amid questioning. Although Arkham later clarified in a post, the effect was minimal. After plummeting from $4 to around $1, ARKM's recent rebound is also reasonable. It is worth noting that in July of this year, ARKM will face a peak unlock, and investors need to pay close attention.

Conclusion

As one of the most imaginative technological waves today, what kind of spark will AI create when it collides and connects with cryptocurrency? Even though the timing is still uncertain, related concept tokens may once again surge when the discussion wave is stirred up on the day of GPT-5's release.

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