VirtualBacon
Crypto Investor & Educator, Macro Analysis
0G's capital and better-distributed token supply put it in a good position to gain attention this cycle. After speaking with its founders, the project looks adequately funded, and the token's distribution has improved after a long decline; it is a pretty okay AI coin, not the best one. x.comÂ
Agent payments and AI infrastructure make AI crypto one of the strongest early-bull-market narratives. Coinbase's x402 is the clearest signal: agents made 138 million-plus Base transactions, mostly under 10 cents. Bittensor subnets earn outside revenue; Render and Akash supply GPU power; NEAR builds agent rails. Grayscale's AI crypto sector rose 54% in September vs roughly 24% for the broader market. Still early and volatile; rotation may follow if Bitcoin holds a base and the narrative sticks. … Show more
Customer-funded demand can make decentralized AI compute tokens more valuable; usage alone can hide weak economics. Chutes reported revenue per million tokens up 37.7% and per GPU up 44.9% after cutting free and loss-making traffic, though its gains do not automatically lift TAO. Render's approved Salad roadmap could route payments and rewards through RENDER; integration and recurring customer-funded burns still need proof. Messari reported Akash leases up 27.1% despite revenue falling 45%. … Show more
Bittensor is a crypto-Ponzi with no utility or product-market fit, driven entirely by token inflation: about $328M of TAO is printed annually against only $15M of revenue. Holders fund subnets through inflation, yet operators keep 100% of revenue plus 18% of emissions. Per Pine Analytics, unsubsidized inference on the Chutes subnet costs up to 3.5x centralized rivals, as decentralized compute needs verification and replication and suffers latency. It is unsustainable and headed for collapse. … Show more
io.net looks to be at the bottom as the AI narrative heats up, and its decentralized GPU network powers actual AI compute, the layer where the real money flows. x.comÂ
Decentralized AI tokens like Bittensor and Venice should outperform anything else over the next 12-18 months. The AI bubble is still at an early stage, with AI stocks rising 500-1,000%, and the same should happen in crypto. x.comÂ
Crypto capital is concentrating in AI-related infrastructure tokens such as NEAR Protocol and Fetch.ai rather than leaving evenly. In recent market moves, meme coins crashed while AI tokens led the market-cap surge, with NEAR up 69%, Akash 51% and Fetch 39%. The message is to pivot to AI or get left behind. x.comÂ
