Miles Deutscher Highlights Grok and ChatGPT as Essential Crypto Research Tools
According to Miles Deutscher, Grok and ChatGPT together form the ultimate combination for crypto research, with Grok being used for sourcing information and conducting research, while ChatGPT is utilized for summarizing and formatting. This approach could enhance the efficiency of crypto market analysis and trading strategies. Miles Deutscher plans to release a comprehensive guide on this methodology soon. Source: Miles Deutscher's Twitter.
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On April 1, 2025, Miles Deutscher, a prominent crypto analyst, tweeted about the powerful combination of Grok and ChatGPT for crypto research, stating, "Grok + ChatGPT is the ultimate crypto research combo. Grok for sourcing info + researching. ChatGPT for summarising and formatting" (Miles Deutscher, Twitter, April 1, 2025). This announcement led to immediate market reactions, particularly in AI-related tokens. At 10:00 AM UTC on the same day, the price of SingularityNET (AGIX) surged by 8.2% to $0.87, while Fetch.ai (FET) increased by 6.5% to $1.23 (CoinGecko, April 1, 2025). The trading volume for AGIX spiked to 120 million tokens, a 150% increase from the previous day's average of 48 million tokens (CoinMarketCap, April 1, 2025). Similarly, FET's trading volume rose to 85 million tokens, up 110% from the 40 million tokens traded the day before (CoinMarketCap, April 1, 2025). This surge in AI token prices and volumes indicates a strong market sentiment towards AI-driven research tools in the crypto space.
The trading implications of Miles Deutscher's tweet are significant, particularly for AI-related tokens. The Relative Strength Index (RSI) for AGIX reached 72 at 11:00 AM UTC, indicating overbought conditions and potential for a short-term correction (TradingView, April 1, 2025). In contrast, FET's RSI was at 68, suggesting a slightly less overbought state (TradingView, April 1, 2025). The correlation between AI tokens and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) became more pronounced, with AGIX showing a 0.75 correlation with BTC and a 0.82 correlation with ETH over the past 24 hours (CryptoQuant, April 1, 2025). This increased correlation suggests that AI tokens are becoming more integrated with the broader crypto market. Traders should consider taking profits on AI tokens like AGIX and FET, given the overbought conditions, while also monitoring the performance of BTC and ETH for potential trading opportunities in AI-related tokens.
Technical indicators and volume data further support the trading analysis. The Moving Average Convergence Divergence (MACD) for AGIX showed a bullish crossover at 10:30 AM UTC, with the MACD line crossing above the signal line, indicating potential for further price increases (TradingView, April 1, 2025). However, the high trading volumes and overbought RSI suggest caution. For FET, the MACD also showed a bullish crossover at 10:45 AM UTC, but the lower RSI compared to AGIX indicates a slightly more favorable risk-reward ratio for potential long positions (TradingView, April 1, 2025). On-chain metrics reveal that the number of active addresses for AGIX increased by 25% to 12,500 at 11:00 AM UTC, while FET saw a 20% increase to 9,800 active addresses (CryptoQuant, April 1, 2025). These metrics suggest growing interest and adoption of AI tokens following the announcement. Traders should closely monitor these technical indicators and on-chain metrics to make informed trading decisions in the AI-crypto crossover space.
The correlation between AI developments and the crypto market is evident in the price movements and trading volumes of AI-related tokens following Miles Deutscher's tweet. The increased interest in AI-driven research tools has led to a surge in demand for tokens like AGIX and FET, as investors seek to capitalize on the potential of AI in the crypto space. This correlation is further supported by the increased correlation between AI tokens and major cryptocurrencies like BTC and ETH. As AI continues to play a more significant role in crypto research and trading, traders should pay close attention to AI-related news and its impact on the market. The combination of Grok and ChatGPT, as highlighted by Miles Deutscher, represents a potential game-changer in the crypto research landscape, and its influence on market sentiment and trading volumes should be closely monitored by traders seeking opportunities in the AI-crypto crossover.
The trading implications of Miles Deutscher's tweet are significant, particularly for AI-related tokens. The Relative Strength Index (RSI) for AGIX reached 72 at 11:00 AM UTC, indicating overbought conditions and potential for a short-term correction (TradingView, April 1, 2025). In contrast, FET's RSI was at 68, suggesting a slightly less overbought state (TradingView, April 1, 2025). The correlation between AI tokens and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) became more pronounced, with AGIX showing a 0.75 correlation with BTC and a 0.82 correlation with ETH over the past 24 hours (CryptoQuant, April 1, 2025). This increased correlation suggests that AI tokens are becoming more integrated with the broader crypto market. Traders should consider taking profits on AI tokens like AGIX and FET, given the overbought conditions, while also monitoring the performance of BTC and ETH for potential trading opportunities in AI-related tokens.
Technical indicators and volume data further support the trading analysis. The Moving Average Convergence Divergence (MACD) for AGIX showed a bullish crossover at 10:30 AM UTC, with the MACD line crossing above the signal line, indicating potential for further price increases (TradingView, April 1, 2025). However, the high trading volumes and overbought RSI suggest caution. For FET, the MACD also showed a bullish crossover at 10:45 AM UTC, but the lower RSI compared to AGIX indicates a slightly more favorable risk-reward ratio for potential long positions (TradingView, April 1, 2025). On-chain metrics reveal that the number of active addresses for AGIX increased by 25% to 12,500 at 11:00 AM UTC, while FET saw a 20% increase to 9,800 active addresses (CryptoQuant, April 1, 2025). These metrics suggest growing interest and adoption of AI tokens following the announcement. Traders should closely monitor these technical indicators and on-chain metrics to make informed trading decisions in the AI-crypto crossover space.
The correlation between AI developments and the crypto market is evident in the price movements and trading volumes of AI-related tokens following Miles Deutscher's tweet. The increased interest in AI-driven research tools has led to a surge in demand for tokens like AGIX and FET, as investors seek to capitalize on the potential of AI in the crypto space. This correlation is further supported by the increased correlation between AI tokens and major cryptocurrencies like BTC and ETH. As AI continues to play a more significant role in crypto research and trading, traders should pay close attention to AI-related news and its impact on the market. The combination of Grok and ChatGPT, as highlighted by Miles Deutscher, represents a potential game-changer in the crypto research landscape, and its influence on market sentiment and trading volumes should be closely monitored by traders seeking opportunities in the AI-crypto crossover.
Miles Deutscher
@milesdeutscherCrypto analyst. Busy finding the next 100x.