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

Coin WorldFriday, Jan 31, 2025 3:50 pm ET

1min read

DeepSeek AI, a Chinese AI lab, has made waves in the global AI race with its R1 model, which boasts impressive performance and minimal capital expenditure. This has led to a significant drop in US tech stocks, with NVIDIA ($NVDA) experiencing a 15% decline since the model's launch. The crypto market has also seen initial price corrections in correlation with US tech equities, but 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 the AI model has revealed its picks for the next 100x cryptocurrencies. DeepSeek considered factors such as innovative technology, strong use cases, developer and community support, partnerships and adoption, market timing, regulatory compliance, and market capitalization in making its selections.

Optimism ($OP), an Ethereum layer-2 token, was the Chinese AI's top pick, despite underperforming other altcoins during the current bullish phase. DeepSeek praises Optimism's focus on scalability, ecosystem growth, and community governance, making it a project worth monitoring. Although $OP has not performed well, it could become an attractive investment in the coming months, potentially serving as a beta play on Ethereum. While Optimism is unlikely to be the next 100x crypto, given its existing market cap of just under $2 billion, it remains an interesting prospect.

Another large-cap asset, Render ($RENDER), was also selected by DeepSeek as a top candidate for the next 100x crypto. Render is the leading provider of decentralized GPU-based rendering solutions, which has drawn the AI model's bullish sentiment. Smart money investors are also bullish on Render, with experts believing it could reach a $30 billion market cap in the long run, indicating potential 10x returns for new buyers. However, like Optimism, Render's current market cap of $3 billion makes it unlikely to be the next 100x crypto.

When considering low-cap crypto assets, DeepSeek picked Meme Index (MEMEX) as a project with high upside potential. MEMEX is the first decentralized index fund for meme coins, allowing holders to tap into the broader meme coin market while spreading risk. The project will soon launch four bask

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