Token

Render

Diamond

<div id="youtube2-yjx6z6PQXHg" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;yjx6z6PQXHg&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM">
 <div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/yjx6z6PQXHg?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe>
 </div>
</div>
<p>The AI hype train is barreling down the tracks, leaving many investors wondering which tokens will emerge as the winners and losers. As Nvidia prepares for its AI conference from March 18th-21st, the company's stock has seen a meteoric rise driven largely by news rather than fundamentals. However, a recent report from Coinbase Institutional cautions that the value potential for many AI tokens may be overstated amidst the industry-wide frenzy.</p>
<p>Projects like <a href="https://rendernetwork.com/" rel="noopener noreferrer nofollow">Render</a>, with its upcoming token launch and partnerships with tech luminaries like Eric Schmidt, are positioning themselves as frontrunners in the AI race. However, the Coinbase report highlights that many AI tokens may lack sustainable demand drivers in the short to medium term as the real-world use cases lag behind the market exuberance.</p>
<p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://pbn3.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://pbn3.substack.com/subscribe?" rel="noopener noreferrer nofollow"><span>Subscribe now</span></a></p>
<p>The report cites examples like <a href="https://akash.network/" rel="noopener noreferrer nofollow">Akash Network</a>, where usage surged in 2024 but fees paid to the network declined, suggesting a supply glut of GPU resources. Meme coins like Pepe (PEPE) have also ridden the AI wave, fueled by influencer hype rather than fundamentals. Vitalik Buterin, Ethereum's founder, has championed "deepend" projects focusing on storage and decentralized services as potentially more promising AI applications.</p>
<p>Among the AI contenders, the report suggests storage projects like <a href="https://filecoin.io/" rel="noopener noreferrer nofollow">Filecoin</a> and <a href="https://www.storj.io/" rel="noopener noreferrer nofollow">Storj</a> may present a more grounded investment thesis. These platforms facilitate the data storage and management needs underpinning AI development. Render's unique position in this space, coupled with its cloud gaming initiatives through partnerships like Nvidia's collaboration with <a href="https://www.wilderworld.com/" rel="noopener noreferrer nofollow">Wider World</a>, make it a standout in the author's view.</p>
<p>As the AI narrative continues to captivate the market, investors would be wise to tread cautiously and distinguish hype from substance. While the long-term potential of AI is undeniable, the winners of this cycle may be the projects laser-focused on the pragmatic building blocks, like storage and cloud infrastructure, that enable AI's broader adoption. Navigating this landscape requires a keen eye for the pioneers driving real-world utility amidst the marketing noise.</p>
<div>
 <hr>
</div>
<p><strong>This episode is sponsored by <a href="https://bit.ly/TangemPBN" rel="noopener noreferrer nofollow">Tangem</a></strong></p>
<div class="captioned-image-container">
 <figure><a class="image-link image2" target="_blank" href="https://bit.ly/TangemPBN" data-component-name="Image2ToDOM" rel="noopener noreferrer nofollow">
   <div class="image2-inset"><picture>
     <source type="image/webp" srcset="https://substackcdn.com/image/fetch/w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 424w, https://substackcdn.com/image/fetch/w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 848w, https://substackcdn.com/image/fetch/w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 1272w, https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 1456w" sizes="100vw">
     <img src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg" width="1440" height="760" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:760,&quot;width&quot;:1440,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:85628,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://bit.ly/TangemPBN&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 424w, https://substackcdn.com/image/fetch/w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 848w, https://substackcdn.com/image/fetch/w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 1272w, https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d4706a-19d6-4c90-9176-cae8b1e64262_1440x760.jpeg 1456w" sizes="100vw" loading="lazy" fetchpriority="high"> 
    </picture>
    <div></div>
   </div></a>
 </figure>
</div>
<blockquote>
 <p><a href="https://bit.ly/TangemPBN" rel="noopener noreferrer nofollow">Tangem</a> is slim as a bank card, secure as a bank vault. Store, buy, earn, transfer and swap thousands of coins and tokens.<br>Use code <strong>PBN</strong> for a discount! <a href="https://bit.ly/TangemPBN" rel="noopener noreferrer nofollow">https://bit.ly/TangemPBN</a></p>
</blockquote>
<div>
 <hr>
</div>
<p>Become a Diamond Circle Member <strong>FREE</strong>! ➜ <a href="https://bit.ly/PBDiamondCircle" rel="noopener noreferrer nofollow">https://bit.ly/PBDiamondCircle</a><br>PBN3 Deals! ➜ <a href="https://www.paulbarronnetwork.com/deals" rel="noopener noreferrer nofollow">https://www.paulbarronnetwork.com/deals</a><br>Subscribe on YouTube ✅ <a href="https://bit.ly/PBNYoutubeSubscribe" rel="noopener noreferrer nofollow">https://bit.ly/PBNYoutubeSubscribe</a><br>X/Twitter 📱 <a href="http://bit.ly/PBNtwitter" rel="noopener noreferrer nofollow">http://bit.ly/PBNtwitter</a><br><br>Looking for the best tax havens for crypto? Free month with iTrust Capital - Use PROMO CODE - PAUL BARRON <a href="https://rebrand.ly/PAULBARRON" rel="noopener noreferrer nofollow">https://rebrand.ly/PAULBARRON</a></p>

Could Render Token 100x?

Paul Barron Network

Other articles published on Mar 11, 2024

Super Trump Price Prediction: STRUMP Pumps 52% As Traders Rush To This New Meme Coin Searching Fo...

Crypto scammers steal from UK residents £15,000 on average, TRM Labs says

$8.8m Raised! First-Ever Bitcoin Blockchain ICO Enters Final Week

Crypto market outlook for 2024: insights and predictions

Above $3.5M Raised – BlockDAG Presale Out Does NFT Crypto Coins: Solana And Ethereum

Consensys-Backed Transak Achieves System and Organization Controls (SOC) 2 Type 2 Compliance

Join our free newsletter for daily crypto updates!