Deep Brain Chain (DBC), an AI coin that offers decentralized computing training for AI models, is skyrocketing today.
Over the past week, according to coin market cap, the small coin has gained 100% and in the last 24 hours it has gained 17%. I was a big fan of this coin when I first invested in it. However, since the all time high at $0.63 it's been steadily losing market capital much like the rest of the industry but it crashed harder than most.
However, the past week chart is looking better.
Fortunately, for a coin with no product, it's beginning to show signs of growth again. Although, the current growth likely isn't sustainable for the short term. So be careful of FOMO into this one.
Although, if you're looking for a good long term bet, DBC is probably it. It has one of the most accomplished AI teams in the world, has large institutional backing from NEO and other venture capital firms in China. There are no sure things in investing but DBC seems promising to say the least.
But, this is a longer bet for investors. The platform is due to be released in Q3 of this year if I remember correctly - their webpage is down.
I plan to do a deeper analysis of the coin later on. But for now, I'm pleased that the coin I liked is doing a little better.
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