原文作者:1912212.eth
原文来源：Foresight News
The crypto market ushered in not a carnival before the BTC halving, but an "asset halving", with most altcoins falling, even from recent highs, directly halved and then halved, and countless investors suffered heavy losses.
Geopolitical conflicts, coupled with the expected delay and number of interest rate cuts, have made the liquidity of the crypto industry tend to be tight, and some institutions are reluctant to stand under the dangerous wall and wait and see what happens. After BTC officially completed the halving, the selling power in the market gradually weakened, and market sentiment began to return to normal.
After ARKM bottomed out at $1.18, it started to rise and rise after a few days of shock, and even achieved five consecutive daily gains, reaching a maximum of $2.4. WLD has also recorded a gain of more than 15% in recent days, recovering from a bottom of $3.68 to above $6. FET has recovered from $1.59 to around $2.5, and AGIX has recovered from $0.6 to $1. TAO, the largest by market capitalization, also climbed from $426 to $532.
What are the reasons for the rally?
A rebound after an overly pessimistic market
BTC fell to around $59,600 after falling below the $60,000 mark, but Bitcoin quickly responded to the bull market with a five-day winning streak just as the market was wailing that it would continue to fall.
Looking at the last bull market cycle, it also ushered in a sharp pullback before the Bitcoin halving. In March 2020, Bitcoin fell from around $7,000 to below $4,000, Ethereum from $260 to around $90, mostly around 70%, with other copycats down more than 75% (based on recent tops at the time).
If history repeats itself, at 75% decline, most altcoins may have bottomed out.
Second, the situation in the Middle East remained relatively stable, and instead of selling risky assets, investors sold US Treasuries and pushed gold to record highs instead of large-scale conflicts.
In addition, the market view tends to agree that the market will still arrive in the second half of this year or near the end of the year, so some market funds are ready to move and start to boldly enter the market.
The USDT market cap has reached an all-time high. Even in the process of the market decline, its market capitalization has increased from $107 billion on April 14 to nearly $110 billion, and in less than 10 days, nearly $3 billion has flowed in, and the bottom-buying sentiment is still relatively strong.
GPT-5 is just around the corner when it is released
The release of GPT-4 has been popular all over the world and has driven the topic of AI to remain hot, and related concept tokens in the crypto market are not lagging behind, such as OpenAI's Ultraman as a co-founder of Worldcoin, and is also an investor in the AI data tracking platform Arkham.
After a period of silence for GPT-4, the release time of GPT-5 can't help but attract attention. OpenAI is expected to release GPT-5 in the middle of this year, possibly in the summer, according to Business Insider, citing people familiar with the matter. Some enterprise users have already tested GPT-5 internally and said that it is "a substantial improvement" over the previous generation. In addition, the source also said that OpenAI is still stepping up training for GPT-5 because it must pass a security test.
If true, the AI frenzy may not be far off.
Altman, the founder of OpenAI, said in a recent interview: GPT-5's capabilities will be improved beyond people's imagination, I don't know when GPT-5 will be released, but it will make a qualitative leap in advanced inference capabilities, which is not only a small progress, but a huge leap.
Some of the AI project developments to keep an eye on
Worldcoin
In early April of this year, Worldcoin tweeted that it would launch World Chain, which will be open to everyone, and verified users will be given priority access to block space, and will also receive gas allowances for daily transactions. Developers will be able to reach millions of real users around the world to develop applications that are oriented to everyday usefulness. The network will be deeply integrated with the Worldcoin protocol to accelerate growth and leverage World ID's proof of personality. It will also be secured by Ethereum as L2 and engineered for scalability through the Superchain ecosystem. It will be permissionless, open source, and ultimately independently managed by the community.
Fetch.ai、SingularityNET 与 Ocean Protocol
Earlier this month, three companies, Fetch.ai, SingularityNET, and Ocean Protocol, announced a merger of their tokens and the creation of a decentralized artificial intelligence (AI) consortium. This alliance aims to provide a decentralized alternative to projects that are currently controlled by big tech companies. On April 16, the merger proposal was formally voted on.
io.net
As a competitor of Akash Network, io.net not only has a luxurious investment lineup, a huge amount of financing, but also is backed by the Solana ecosystem, which has attracted much attention when it comes out, and will officially launch its token at the end of April.
The IO economic model has been announced, which will have an initial supply of 500 million IO at genesis and is divided into five categories: Seed Investors, Series A Investors, Core Contributors, R&D & Ecosystem, and Community. As IO is issued to incentivize network growth and adoption, it will grow to a fixed maximum supply of 800 million over 20 years. Rewards will be released to vendors and stakers every hour for 20 years. Rewards follow a deflationary model, starting at 8% in the first year and decreasing by 1.02% per month (approximately 12% per year) until the 800 million IO cap is reached.
Arkham
In this month's token unlocking turmoil, Arkham caused huge controversy and turmoil due to Nansen and 0xScope's statement that they did not unlock tokens according to regulations, and the price of the coin continued to fall amid doubts. Although Arkham issued a follow-up clarification, it had little effect. After falling all the way from $4 to around $1, ARKM's recent rally is understandable. It is worth noting that ARKM will reach its peak unlocking in July this year, and investors need to pay close attention.
brief summary
As one of the most imaginative technological waves today, what kind of sparks will be sparked when it collides with cryptocurrencies? Even if the timing is still unknown, the concept token may once again be in full swing when GPT-5 is released.