"DeepSeek AI's R1 Model Shakes US Tech, Boosts Crypto's AI Coins"

Coin WorldFriday, Jan 31, 2025 3:51 pm ET
1min read

DeepSeek AI, a Chinese AI lab, has made waves in the global AI race with its R1 AI model, which has caused a significant drop in US tech stocks, particularly NVIDIA ($NVDA), which has fallen by 15% since its launch. The AI model has also introduced volatility in the crypto market, with prices initially correcting in correlation with US tech equities. However, experts anticipate that the intensifying AI race will ultimately benefit the crypto market, particularly for AI-related coins.

Tech-savvy crypto investors are already leveraging DeepSeek R1 to hunt for market alpha and identify the next 100x cryptocurrencies. DeepSeek considered innovative technology, strong use case, developer and community support, partnerships and adoption, market timing, regulatory compliance, and market capitalization while picking its candidates for the next 100x crypto.

Here are DeepSeek's top picks for the next 100x cryptocurrencies:

Optimism ($OP)

Optimism, an Ethereum layer-2 token, emerged as the top choice by the Chinese AI, despite its underperformance relative to other altcoins during this bullish phase. DeepSeek praises Optimism for its focus on scalability, ecosystem growth, and community governance, making it a project worth monitoring.

Despite its recent underperformance, Optimism could become an attractive investment in the months ahead. Savvy investors might view it as a bet on Ethereum, potentially boosting its future gains. Michael van de Poppe from MN Trading is optimistic about Optimism, pointing out a bullish divergence forming on its higher timeframe chart. However, given its existing market cap just shy of $2 billion, OP is unlikely to be the next 100x crypto.

Render ($RENDER)

DeepSeek picked another large-cap asset, Render (RNDR), as one of its top candidates for the next 100x crypto. Render is the leading provider of decentralized GPU-based rendering solutions, which is one of the key reasons why the new AI model is bullish on it. Smart money investors are also bullish on Render, being a global marketplace of GPU computing power with strong demand and the potential for 10x returns in the long run. However, it is still unlikely that a $3 billion asset

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