One trend is evident

The magnitude of the pullbacks is gettin...

GM Explorer, the JOLTs job openings report was released yesterday, and it was surprisingly higher than expectations.

Job openings rose by 239,000 to a total of 8.098 million. Plus, October's job openings have been revised up from 7.744 million to 7.839 million.

In response to this news, the crypto market took a hit!

Did the FED cut rates too soon. We'll delve into this topic more in our newsletter on Friday.

For now, we're shifting our focus to several altcoins that are poised for significant surges "really" soon.

Since the beginning of this year, we've made considerable changes to the way we present our newsletter to provide you with more valuable content.

Moving forward, we will publish our newsletter only on Mondays, Wednesdays, and Fridays. This schedule will allow us more time for research and to deliver more valuable insights to you.

In today’s newsletter, we’ll cover the following altcoins:

  • Ai16z (Ai16z)

  • AI Rig Complex (ARC)

  • Pepe (PEPE)

Let’s dive in...

Ai16z

AI agents has recently taken over crypto Twitter with sensational gains, with some experiencing increases of 10-20x.

Among the various AI agent infrastructural projects, Ai16z stands out as one of the most exciting to us.

Here why:

  • The Ai16z codebase is open source, and just last month, it became the fastest-growing AI codebase on GitHub, surpassing established companies like Microsoft and Google. This indicates that many real-world developers are actively using Ai16z's code to build AI applications.

  • Their recent announcement about an AI Launchpad for Eliza-based agent set for Q1, (this feature alone took virtuals from obsecurity to the number 1 AI agent in less than 2months).

This has created alot of excitment for Ai16z.

However, the charts tell a different story.

Ai16z has been in a downtrend since January 2nd, with a decline of 32.27% and it's showing no signs of slowing down (or is it?).

The Pressing Question Is: When Will The Decline End?

To gain a clearer picture, we should analyze the historical price action during previous drawdowns.

AI16Z/USDT Daily Chart

Based on the chart below, we can observe two significant drops:

  1. November 19th Crash: The price plummeted by 77.86%, taking 17 days to recover and return to the original price where the decline started.

  2. December 13th Crash: This drawdown resulted in a 43.88% decrease, with a recovery time of 14 days back to the original price.

One Trend Is Evident

The magnitude of the pullbacks is getting smaller with each occurrence.

The current drawdown, which began on January 2nd, has been ongoing for six days and has seen a decrease of 32.27% (though the price of Ai16z at that point was $1.704).

We believe Ai16z has likely reached its bottom, and prices should start to move upward as soon as tomorrow.

Here's Another Indicator Supporting This Outlook

Take a look at the Relative Strength Index (RSI) and Stochastic RSI.

AI16Z/USDT Daily Chart

In every previous pullback mentioned above, Ai16z found its bottom and initiated an upward movement when both the RSI and Stoch RSI touched the white trendline.

This phenomenon is almost occurring again, and once it does, prices are expected to surge upward.

AI RIG COMPLEX (ARC)

ARC is another AI agent, and similar to Ai16z, its codebase on GitHub is growing much faster than several existing AI agent codebases.

However, unlike Ai16z, ARC is built in Rust. 

Although Rust is generally considered a challenging programming language to master, the rising popularity of ARC on GitHub indicates that it is attracting some of the most experienced developers in the AI field.

With a market cap of less than $1 billion, many believe ARC will outperform Ai16z.

And Rightfully so; the Chart Suggests this May be the Case

ARCUSDT/AI16ZUSDT Daily Chart

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Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.

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