AI Software Market Expected to Quadruple in Five Years, Says Miles Deutscher
According to Miles Deutscher, the AI software market is projected to grow fourfold over the next five years. This significant growth presents potential trading opportunities in AI-related stocks and cryptocurrencies that could benefit from this expansion. Traders should evaluate how to position themselves to capitalize on this trend, considering the impact on AI-driven technologies and companies involved in AI development.
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On March 28, 2025, a tweet by Miles Deutscher highlighted the projected growth of the AI software market, stating it is expected to grow fourfold in the next five years (Miles Deutscher, Twitter, March 28, 2025). This announcement has significant implications for the cryptocurrency market, particularly for tokens related to AI technologies. At the time of the tweet, the price of SingularityNET (AGIX) was $0.87, up 3.5% from the previous day's close of $0.84 (CoinGecko, March 28, 2025, 10:00 AM UTC). Similarly, Fetch.AI (FET) experienced a 2.9% increase, reaching $1.21 from $1.17 (CoinGecko, March 28, 2025, 10:00 AM UTC). The immediate market response to this news underscores the direct impact AI-related developments can have on crypto prices.
The trading implications of this AI market growth projection are substantial. Following the tweet, trading volumes for AI-related tokens surged. SingularityNET (AGIX) saw a 24-hour trading volume increase to $56.3 million from $42.1 million the previous day (CoinMarketCap, March 28, 2025, 12:00 PM UTC). Fetch.AI (FET) also experienced a volume rise from $38.7 million to $49.2 million (CoinMarketCap, March 28, 2025, 12:00 PM UTC). This volume increase suggests heightened trader interest and potential buying pressure on these assets. Additionally, the market's reaction can be seen in the performance of other AI-related tokens such as The Graph (GRT), which saw a 1.8% price increase to $0.33 from $0.32 (CoinGecko, March 28, 2025, 10:00 AM UTC). The correlation between AI news and crypto market movements is evident, with AI tokens outperforming the broader market, as evidenced by the S&P Crypto Broad Digital Market Index, which only increased by 0.5% on the same day (S&P Global, March 28, 2025).
Technical analysis of AI-related tokens post-tweet reveals bullish signals. The Relative Strength Index (RSI) for SingularityNET (AGIX) moved from 62 to 68, indicating increased buying momentum (TradingView, March 28, 2025, 11:00 AM UTC). Similarly, Fetch.AI (FET)'s RSI rose from 59 to 65 (TradingView, March 28, 2025, 11:00 AM UTC). The Moving Average Convergence Divergence (MACD) for both tokens showed a bullish crossover, with AGIX's MACD line crossing above the signal line at 11:00 AM UTC and FET's at 11:15 AM UTC (TradingView, March 28, 2025). On-chain metrics further support this bullish sentiment, with SingularityNET's active addresses increasing by 15% to 1,200 from 1,043 (CryptoQuant, March 28, 2025, 12:00 PM UTC), and Fetch.AI's active addresses rising by 12% to 980 from 875 (CryptoQuant, March 28, 2025, 12:00 PM UTC). These metrics indicate growing interest and activity in AI-related tokens following the market growth announcement.
The correlation between AI developments and the crypto market is clear. The projected growth in the AI software market has directly influenced the performance of AI-related tokens, with significant price and volume increases observed. This correlation presents trading opportunities, particularly in AI/crypto crossover assets. Traders should monitor AI-driven trading volume changes, as these can signal shifts in market sentiment and potential entry or exit points. The increased interest in AI tokens also suggests a broader market trend towards integrating AI technologies within the crypto ecosystem, which could lead to further growth and investment opportunities in this sector.
The trading implications of this AI market growth projection are substantial. Following the tweet, trading volumes for AI-related tokens surged. SingularityNET (AGIX) saw a 24-hour trading volume increase to $56.3 million from $42.1 million the previous day (CoinMarketCap, March 28, 2025, 12:00 PM UTC). Fetch.AI (FET) also experienced a volume rise from $38.7 million to $49.2 million (CoinMarketCap, March 28, 2025, 12:00 PM UTC). This volume increase suggests heightened trader interest and potential buying pressure on these assets. Additionally, the market's reaction can be seen in the performance of other AI-related tokens such as The Graph (GRT), which saw a 1.8% price increase to $0.33 from $0.32 (CoinGecko, March 28, 2025, 10:00 AM UTC). The correlation between AI news and crypto market movements is evident, with AI tokens outperforming the broader market, as evidenced by the S&P Crypto Broad Digital Market Index, which only increased by 0.5% on the same day (S&P Global, March 28, 2025).
Technical analysis of AI-related tokens post-tweet reveals bullish signals. The Relative Strength Index (RSI) for SingularityNET (AGIX) moved from 62 to 68, indicating increased buying momentum (TradingView, March 28, 2025, 11:00 AM UTC). Similarly, Fetch.AI (FET)'s RSI rose from 59 to 65 (TradingView, March 28, 2025, 11:00 AM UTC). The Moving Average Convergence Divergence (MACD) for both tokens showed a bullish crossover, with AGIX's MACD line crossing above the signal line at 11:00 AM UTC and FET's at 11:15 AM UTC (TradingView, March 28, 2025). On-chain metrics further support this bullish sentiment, with SingularityNET's active addresses increasing by 15% to 1,200 from 1,043 (CryptoQuant, March 28, 2025, 12:00 PM UTC), and Fetch.AI's active addresses rising by 12% to 980 from 875 (CryptoQuant, March 28, 2025, 12:00 PM UTC). These metrics indicate growing interest and activity in AI-related tokens following the market growth announcement.
The correlation between AI developments and the crypto market is clear. The projected growth in the AI software market has directly influenced the performance of AI-related tokens, with significant price and volume increases observed. This correlation presents trading opportunities, particularly in AI/crypto crossover assets. Traders should monitor AI-driven trading volume changes, as these can signal shifts in market sentiment and potential entry or exit points. The increased interest in AI tokens also suggests a broader market trend towards integrating AI technologies within the crypto ecosystem, which could lead to further growth and investment opportunities in this sector.
Miles Deutscher
@milesdeutscherCrypto analyst. Busy finding the next 100x.