Tag Archives: finance

Bitcoin 30% correction in play ahead of $100K BTC rally — Analysts

Bitcoin 30% correction in play ahead of $100K BTC rally — Analysts

Bitcoin could still see a correction of up to 30% during its uphill battle to conquer the six-figure price tag for the first time.

The Bitcoin BTCtickers down$95,749 price is currently down over 7% from its all-time high of around $99,800, breached on Nov. 22, Cointelegraph data shows.

While most analysts agree that topping $100,000 is only a matter of time, some analysts expect a deeper retracement before the milestone high.

Bitcoin could correct as deep as 30% before resuming its bullish run, according to Ryan Lee, the chief analyst at Bitget Research. The analyst told Cointelegraph:

“In its bid to cross the psychologically important $100,000 price level, investors will need to deal with intense corrections. Historical data trends show that Bitcoin may still correct as much as 30% before it reaches its cyclical top.”

While historical chart patterns aren’t always accurate in predicting future price action, a potential 30% correction from $99,800 would hypothetically tank Bitcoin price below $70,000.

Bitcoin breaching $100,000 is only a matter of time, and ETF inflows

While temporary corrections are an organic part of crypto bull markets, most analysts don’t expect the current correction to be long-lived.

This is because Bitcoin is set to surpass the $100,000 valuation in the short term, according to Anndy Lian, author and intergovernmental blockchain expert.

He told Cointelegraph:

“Bitcoin reaching $100,000 isn’t just a milestone; it’s a testament to the growing trust in decentralized finance and the relentless pursuit of financial sovereignty. As global adoption accelerates and institutional interest deepens, the $100,000 mark symbolizes not just a price, but a paradigm shift in how we perceive and utilize money.”

Sluggish investments in the United States spot Bitcoin exchange-traded funds (ETFs) have also contributed to Bitcoin’s price slump.

United States-based spot Bitcoin ETFs logged two days of net negative outflows, with net cumulative outflows of over $122 million on Nov. 26, Farside Investors data shows.

While slowing ETF inflows are common at the end of the month, a resurgence in ETF buying will help catalyze Bitcoin’s next leg up, according to Bitfinex analysts, who told Cointelegraph:

“Now that ETF flows appear to have hit a bump in the road and MicroStrategy purchases seem to have paused, it is quite normal for the price to undergo some correction and seek out a new supply-demand equilibrium as marginal buying ends.”

While Bitfinex analysts expect a correction of up to 20%, the analysts are confident that MicroStrategy’s latest $2.6 billion note sale and renewed ETF buying will bolster cryptocurrencies to new all-time highs leading into 2025.

 

Source: https://cointelegraph.com/news/bitcoin-30-correction-ahead-100k-btc-rally-analysts

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Unveiling the Power of AI in Crypto: Reshaping the Future of Finance at WEB3BB Tokyo 2024

Unveiling the Power of AI in Crypto: Reshaping the Future of Finance at WEB3BB Tokyo 2024

The intersection of artificial intelligence (AI) and cryptocurrency is rapidly becoming one of the most exciting frontiers in the tech world. As both technologies continue to evolve at breakneck speeds, their synergy promises to revolutionize how we interact with digital assets and financial systems.

To explore this cutting-edge convergence, Web3BB, one of Japan’s largest business communities dedicated to bridging global and Japanese perspectives on emerging technologies, recently hosted a panel discussion on “The Power of AI in Crypto.” This event brought together industry luminaries, including Anndy Lian, a book author and venture capitalist, and Jenny Zheng, co-founder of Blockcast.cc. Their insights offer a compelling glimpse into how AI is reshaping the cryptocurrency landscape and what we can expect in the near future.

Beyond Trading: AI’s Broader Impact on Crypto

While trading applications are at the forefront, Anndy emphasized that AI’s potential in the crypto space extends far beyond just price predictions. Some key areas of impact include:

1. Security Enhancement: AI can be used to detect security vulnerabilities in blockchain networks and identify irregular activities or potential threats.

2. Productivity and Automation: AI is helping streamline various processes in the crypto industry, from smart contract development to project auditing.

3. User Experience Improvement: AI assistants are being developed to lower the technical barriers for crypto adoption, helping users navigate complex processes like wallet management and transactions.

4. Code Auditing: Project owners can use AI to analyze smart contracts and identify potential bugs or vulnerabilities, enhancing the overall security of their platforms.

5. Due Diligence: Venture capital firms are leveraging AI models to conduct more thorough and efficient due diligence on crypto projects.

Blockchain as a Secure Foundation for AI

An interesting perspective shared during the panel was how blockchain technology could serve as a secure foundation for AI systems. By storing AI models and data sets on blockchain networks, it adds an extra layer of security and transparency to their AI operations.

This integration of blockchain and AI is becoming increasingly seamless. As Anndy noted, “Nowadays there are fewer people talking about blockchain… because it’s really very well integrated into different systems.” He predicts that the combination of AI and blockchain will soon become so commonplace that it will no longer be considered newsworthy.

Ethical Considerations and Risk Mitigation

The panel also touched on the ethical implications of AI in the crypto space. Jennty commented that while AI offers numerous benefits, there are concerns about potential misuse or unintended consequences. The experts suggested that blockchain technology could play a role in governing AI systems, potentially serving as a failsafe mechanism.

For example, smart contracts could be programmed to automatically limit or shut down AI systems if certain conditions are met, providing a decentralized and tamper-resistant way to mitigate risks associated with AI.

Looking Ahead: The Future of AI in Crypto

As the discussion concluded, the panelists emphasized the transformative potential of AI in the crypto industry. They encouraged users to embrace AI tools to enhance their decision-making processes, while also maintaining a balanced perspective on the technology’s capabilities and limitations.

Anndy’s final advice to the audience was clear: “Try to use smarter tools to get by your days… AI has a lot to do to help you with your whole decision-making process. Just try to use it.”

As AI continues to evolve and integrate more deeply with blockchain and cryptocurrency systems, we can expect to see even more innovative applications emerge. From more sophisticated trading algorithms to enhanced security measures and improved user experiences, AI is set to play a crucial role in shaping the future of the crypto industry.

Conclusion

The key for users and industry participants will be to stay informed about these developments, critically evaluate AI tools, and leverage them responsibly to navigate the complex and fast-paced world of cryptocurrencies.

As with any powerful technology, the responsible development and deployment of AI in the crypto space will be crucial. The ethical considerations and risk mitigation strategies discussed by the panelists underscore the need for a balanced approach. As we move forward, it will be essential for industry players, regulators, and users alike to stay informed and engaged in shaping the future of AI in crypto.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Anndy Lian from Neurai Discusses COPX.AI and AI Finance Models at Web3BB Tokyo

Anndy Lian from Neurai Discusses COPX.AI and AI Finance Models at Web3BB Tokyo

Web3BB, one of the largest business communities in Japan, recently hosted a landmark event that brought together thought leaders, innovators, and enthusiasts from around the globe to discuss the future of Web3, artificial intelligence (AI), and other emerging technologies. The event, held from July 18 to 19, 2024, aimed to bridge the gap between Japan and the global tech community by providing a platform for learning and discussion on these transformative technologies.

Among the distinguished speakers was Anndy Lian, Chairman of Neurai, who delivered an insightful presentation on July 19, 2024. Lian’s talk focused on the pivotal role of AI in the crypto space and its potential to reshape the future of finance. He highlighted Neurai’s pioneering work in AI finance modeling for both stocks and cryptocurrencies, emphasizing the unique approach of their flagship product, COPX.AI.

AI and Web3: A Synergistic Relationship

Anndy Lian emphasized the importance of AI and Web3 working together hand in hand. He sees the finance sector as one of the best case studies for such a combination. “The integration of AI and Web3 can revolutionize the financial industry by providing more secure, efficient, and personalized financial solutions,” Lian noted. This synergy between AI and Web3 can lead to innovative solutions that address the complexities and challenges of modern finance.

Lian elaborated on how most AI crypto models rely on a common set of data, which can limit their effectiveness. In contrast, Neurai’s COPX.AI integrates user-based data, utilizing user behaviors and trading strategies to develop tailored trading strategies for individual users. This innovative approach not only enhances the accuracy of trading models but also creates a win-win situation where users contribute their data in exchange for rewards.

COPX.AI: A User-Centric Approach

Neurai has already made significant strides with COPX.AI, delivering an AI bot on Discord that has garnered a substantial user base. The team is currently working on developing a Telegram bot and integrating gamification modules to enhance user engagement on the platform. With over 100,000 users across various social media channels, COPX.AI is rapidly expanding its reach and influence in the crypto community.

Anndy Lian also mentioned that Neurai not only provides a service to COPX.AI but that some of the team members are also actively assisting COPX.AI. COPX.AI operates as a Decentralized Autonomous Organization (DAO), and some of Neurai’s team members are giving product and technical suggestions to the COPX DAO. “Some of my team members including myself have eventually become core members of COPX DAO, contributing their expertise to drive the project forward,” Lian added.

Quote from Anndy Lian, Chairman of Neurai

“AI in finance is not just about trading; it also acts as an underlying layer to detect frauds. While many financial systems are based on blockchain and are secure enough, an AI system on top of blockchain data storage adds an extra layer of security. At Neurai, we are committed to leveraging AI to enhance the security and efficiency of financial transactions, ensuring a safer and more reliable financial ecosystem. By incorporating user behaviors and trading strategies, COPX.AI can provide more personalized and effective trading solutions. This user-centric model not only benefits individual traders but also contributes to the overall improvement of our AI systems. We are excited about the future of COPX.AI and its potential to revolutionize the way we approach finance and trading.”

Anndy Lian’s talk at Web3BB Tokyo underscored the significant impact of AI on the future of finance and the innovative strides being made by Neurai with COPX.AI. As AI continues to evolve and integrate with financial technologies, the potential for more secure, efficient, and personalized financial solutions becomes increasingly attainable.

Neurai’s commitment to leveraging AI for the betterment of the financial ecosystem positions them as a leader in the Fin-Tech industry, paving the way for a new era of financial innovation.

For more information about Neurai and COPX.AI, please visit Neurai’s website or contact info@neurai.cc.

About Neurai

Neurai, a Singapore-based leading AI technology company, specializes in the development and delivery of AI solutions for the Fin-Tech industry. With a strong focus on innovation and user-centric design, Neurai is at the forefront of integrating AI with financial technologies to create more secure, efficient, and personalized financial solutions.

The company’s commitment to leveraging AI for the betterment of the financial ecosystem positions them as a leader in the Fin-Tech industry, paving the way for a new era of financial innovation. Neurai’s pioneering work in AI finance modeling for both stocks and cryptocurrencies, as demonstrated by COPX.AI, showcases their dedication to providing cutting-edge solutions that address the evolving needs of the financial sector.

About Web3BB

Web3BB is one of the largest business communities in Japan, dedicated to bridging the world and Japan by providing a platform for people to learn and discuss the core ideas of Web3, AI, and other emerging technologies. Through events, discussions, and collaborations, Web3BB aims to foster a deeper understanding and adoption of these transformative technologies.

The Web3BB event featured a series of keynote speeches, panel discussions, and networking sessions that provided attendees with valuable insights into the latest trends and developments in Web3, AI, and other emerging technologies. Participants had the opportunity to engage with industry leaders, share ideas, and explore potential collaborations.

 

Source: https://markets.businessinsider.com/news/stocks/anndy-lian-from-neurai-discusses-copx-ai-and-ai-finance-models-at-web3bb-tokyo-1033592866

 

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j