WOW! CRAZY LOW CAP AI COIN THAT WILL 100X IN THE NEXT BULL RUN 🔥 NUNET (NTX) 📈 AGIX SDAO

Digivest

19 Sept 202305:32

Summary

TLDRIn this video, the host introduces Newnet (NTX), an undervalued token with significant potential in decentralized computing. As part of the SingularityNet ecosystem, Newnet aims to revolutionize the cloud computing industry by creating a global, decentralized computing framework. Users can contribute their computing power to the network and earn NTX tokens. Despite a basic website and a small market cap of $20 million, the project has a solid roadmap and shows promise, especially considering the growing importance of AI in the financial world.

Takeaways

🚀 Newnet (NTX) is an AI token with significant potential in the upcoming bull run, focusing on decentralized computing.
🌐 It is part of the SingularityNet ecosystem, which includes projects like Phoenix and SingularityNet, and aims to transform the cloud computing industry.
💡 Newnet is building a global decentralized computing framework that utilizes latent computing power from independently owned devices worldwide.
🌟 By contributing computer resources to the decentralized pool, users are rewarded with NTX tokens.
📈 NTX has a current market cap of $20 million, with a circulating supply of just over half of the maximum supply of a billion tokens.
🔗 It is available on Ethereum and Cardano, with the Ethereum contract address being active and the BNB Smart Chain contract possibly discontinued.
🔄 NTX is tradable on Uniswap and MXC, with the latter listing it as well.
📊 The token's price chart shows it holding up fairly well compared to other AI tokens, with a current price around three cents.
⚠️ A death cross is occurring on the trading chart, which might indicate a potential downside for the token.
📈 Despite the current situation, the speaker believes NTX has the potential for significant growth, possibly 50x, due to its low market cap and the bright future of AI.

Q & A

What is the main topic of the video?
-The main topic of the video is an introduction to the Newnet (NTX) token, its potential in the upcoming bull run, and its role in decentralized computing.
Which ecosystem is Newnet a part of?
-Newnet is a part of the SingularityNET ecosystem, which focuses on decentralized computing projects.
What are the other tokens mentioned in the video that the speaker likes?
-The other tokens mentioned in the video that the speaker likes are AGIX (SingularityNET Token) and SDAO (SingularityDAO Token).
What is the purpose of Newnet's globally decentralized computing framework?
-The purpose of Newnet's framework is to combine the latent computing power of independently owned compute devices across the globe into a dynamic ecosystem of compute resources.
How are participants in Newnet's decentralized pool rewarded?
-Participants in Newnet's decentralized pool are rewarded with NTX tokens as an incentive for providing computing power to the ecosystem.
What is the current market cap of Newnet's token?
-The current market cap of Newnet's token is 20 million USD.
On which blockchains is the Newnet token available?
-The Newnet token is available on the Ethereum and Cardano blockchains.
Where can you currently purchase Newnet tokens?
-You can currently purchase Newnet tokens on Uniswap for the Ethereum contract and it is also listed on MXC.
What is the speaker's opinion on the current trading situation of Newnet's token?
-The speaker advises caution as the token is experiencing a death cross on the chart and suggests that dollar-cost averaging (DCA) might be a better strategy for this token.
What is the speaker's prediction for AI tokens, including Newnet, in the future?
-The speaker predicts that AI tokens, including Newnet, have a bright future and could easily see significant growth, potentially 50x, especially considering their low market cap and the importance of decentralized computing.
What does the speaker suggest for potential investors of Newnet token?
-The speaker suggests that potential investors should keep an eye on the token's price movements and consider the risks associated with its current chart pattern before investing.

Outlines

00:00

🚀 Introduction to Newnet (NTX) - A Promising Decentralized Computing Project

This paragraph introduces the audience to Newnet (NTX), an undervalued and potentially explosive decentralized computing project. The speaker, Alex, highlights the importance of decentralized computing and its relevance to the crypto and financial world. Newnet is part of the SingularityNET ecosystem, which includes other notable projects like Phoenix and SingularityNET. Alex plans to discuss AGIX and SDAO in future videos but focuses on Newnet in this session due to its significance. The token's website is mentioned, but a disclaimer is provided that the content is not financial advice. The speaker expresses optimism about the potential of AI projects like Newnet, especially in anticipation of the upcoming bull run in the market. Newnet aims to revolutionize the cloud computing industry by creating a global, decentralized computing framework that combines the latent computing power of independently owned devices worldwide. Users who contribute their computing resources to this decentralized ecosystem will be rewarded with NTX tokens. The project's roadmap, current price, market cap, and trading volume are also discussed, along with its contract addresses on Ethereum and Cardano. The token is available on Uniswap and MXC, and its chart performance is briefly analyzed, noting its current price level and the potential for future growth despite a recent death cross on the chart.

05:01

📈 Newnet (NTX) Market Performance and Future Prospects

In this paragraph, the speaker continues the discussion on Newnet (NTX) by analyzing its market performance and future prospects. The token's current price increase is noted, along with its market cap and 24-hour trading volume. The speaker expresses a desire to see an increase in the circulating supply of NTX tokens. A detailed look at the Newnet trading chart on MXC reveals a potential death cross, which the speaker advises caution against. The historical performance of NTX is discussed, with a mention of a significant drop in December of the previous year. The speaker uses technical analysis indicators like the Relative Strength Index (RSI) and Stochastic RSI to assess the token's current state and potential future movements. Despite the risks, the speaker remains optimistic about the long-term potential of NTX, suggesting that it could easily see a 10x or 50x increase in value with the current market cap of $20 million. The video concludes with a call to action for viewers to share their thoughts on Newnet and other AI tokens like AGIX and SDAO in the comments section. The speaker also encourages viewers to like the video and subscribe to the channel for more content on AI coins in the future.

Mindmap

Keywords

💡Digivasters

The term 'Digivasters' appears to be a portmanteau of 'digital' and 'viewers', likely referring to the digital audience or followers of the channel. In the context of the video, it signifies the community of people who are interested in digital currencies and investment opportunities in the tech and AI space.

💡EI token

An 'EI token' refers to a digital asset or cryptocurrency that is related to or represents a project in the field of artificial intelligence (AI). In the video, 'EI token' is used to describe a type of investment opportunity that the speaker believes has high potential for growth in the future.

💡Newnet (NTX)

Newnet (NTX) is the name of a specific cryptocurrency or digital token discussed in the video. It is part of a decentralized computing project aiming to revolutionize the cloud computing industry by pooling computing power from independent devices globally.

💡Decentralized Computing

Decentralized computing is a concept where computing resources are distributed across multiple independent devices or nodes instead of being concentrated in a single centralized data center. This approach can enhance security, resilience, and efficiency by reducing the risk of single points of failure and leveraging underutilized computing power.

💡Phoenix, SingularityNet ecosystem

Phoenix and SingularityNet are mentioned as part of a broader ecosystem of projects focused on decentralized computing and AI. SingularityNet is a decentralized platform for AI services, and Phoenix could be a project or technology related to this ecosystem. These projects aim to create a network where AI services can be shared and monetized in a decentralized manner.

💡AGIX, S Dow

AGIX and S Dow are references to specific cryptocurrencies or tokens related to AI projects. AGIX is the native token of SingularityNet, while S Dow might refer to another project or token in the AI or decentralized computing space. These tokens represent the digital assets of their respective projects and are used for transactions and governance within their platforms.

💡Bull Run

A 'Bull Run' in financial markets refers to a period of time when prices are rising or are expected to rise. In the context of the video, it suggests a future scenario where the value of AI tokens, including Newnet (NTX), is anticipated to increase significantly.

💡Market Cap

Market capitalization (Market Cap) is the total value of all outstanding coins or tokens of a cryptocurrency and is calculated by multiplying the current price by the circulating supply. It provides an indication of the project's size and market perception. A lower market cap, as mentioned in the video for Newnet (NTX), might suggest a higher potential for growth.

💡Trading View Chart

A Trading View Chart is a graphical representation of the price movement of a security, such as a cryptocurrency, over a specified period. It is used by traders and investors to analyze trends and make informed decisions. The video refers to the Trading View Chart to discuss the historical performance and potential future trajectory of Newnet (NTX).

💡DCA (Dollar-Cost Averaging)

Dollar-Cost Averaging (DCA) is an investment strategy where an investor invests a fixed amount of money at regular intervals, regardless of the asset's price. This approach helps to reduce the impact of volatility and market fluctuations, as the investor buys more shares when prices are low and fewer when prices are high.

💡RSI (Relative Strength Index)

The Relative Strength Index (RSI) is a technical analysis tool that measures the speed and change of price movements. It is used to identify overbought or oversold conditions of a security. An RSI value below 30 typically indicates that an asset may be oversold, while a value above 70 indicates it may be overbought.

Highlights

The introduction of the Newnet NTX token, an undervalued and potentially impactful project in the upcoming Bull Run.

Newnet's focus on decentralized computing, which is crucial for the crypto and financial world.

The mention of Phoenix, SingularityNET, and the ecosystem Newnet is part of, showcasing a promising future in AI and computing.

The importance of decentralized computing and computer resources in transforming industries, with Newnet aiming to disrupt the multi-billion dollar cloud computing industry.

Newnet's approach of combining the latent computing power of independently owned devices into a global ecosystem.

Incentivizing users with NTX tokens for contributing their computing power to the decentralized ecosystem.

The token's current market cap of 20 million, highlighting its potential for significant growth.

Newnet's tokenomics, including a max supply of a billion tokens with over half currently in circulation.

The availability of NTX on Ethereum and Cardano, with its contract addresses and trading platforms like Uniswap and MXC.

The analysis of the NTX token's price chart, including its current performance and the potential for future growth.

The mention of a death cross on the trading chart, cautioning investors to be careful with trading decisions.

The RSI Stoke being in an undervalued and oversold range, indicating potential investment opportunities.

The potential for the NTX token to 10x or 50x in the future, given the current market cap and the bright future of AI.

The comparison of Newnet NTX with AGIX and SDAO, other notable projects in the Singularity ecosystem.

The presenter's intention to cover more AI coins in future videos, emphasizing the growing interest and importance of this sector.

An invitation for viewers to share their thoughts on Newnet NTX and other AI tokens, fostering community engagement.