Weekly Crypto Recap w/ NewsCrypto
Welcome back, NewsCrypto enthusiasts! It's time for another edition of the NewsCrypto newsletter.
Today we are diving into the fascinating intersection of artificial intelligence (AI) and video games. Plus what's next for Bitcoin.
What's on the menu today?
1. Breaking Crypto News
2. Crypto Fear and Greed Index
3. BTC TA Analysis
4. The Future of Gaming and AI
5. Funniest Meme of the Week
News Recap
· Ethereum's Dencun upgrade went live.
· SEC's website went down, a cyber threat or nothing to worry...?
· Dogwifhat raised money to pay for Las Vegas sphere promotion.
· Naybi Bukele revealed El Salvador's Bitcoin holdings and it was twice as large as previously thought, sum of 5689.68 $BTC.
· Craig Wright is officially not Satoshi Nakamoto, as he proclaimed himself.
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Crypto Fear and Greed Index
Bitcoin TA Analysis
Bitcoin Daily Time Frame
It's not the end and Bitcoin is NOT going to $12k. This dip looks like like it was a great opportunity for adding to your bags. Even if BTC dipped down to $62.5k (bottom of white rectangle) it wouldn't be the end of the world but just a healthy correction.
Now let's take a look at why we think Bitcoin could be primed for another leg up.
Bitcoin 4h Time Frame
On a 4h time frame Bitcoin was forming lower lows and lower highs (clear downtrend) for around 3 days but this just changed today. At the time of writing, it seems like it's the start of the uptrend. Although BTC printed a lower high it also formed a higher low. The next move is crucial, if Bitcoin forms a higher high and a higher low this will be the sign it is going for another leg higher. But if Bitcoin fails to hold this level and forms another lower high and lower low the next target will be $62.5k and then $60k.
If Bitcoin fails to hold $60k this will be a market structure break and a sign to either go out immediately or wait for a bounce and then sell near the resistance. You can also hodl through the volatility and just wait for the bull market top.
The Future of Gaming and AI
At first glance, the gaming industry, with its cutting-edge graphics and complex narratives, seems like the perfect playground for AI's most advanced algorithms. Yet, the truth is, we're still at the "learning to crawl" stage when it comes to truly intelligent game design. Today's video games, for all their graphical splendor and narrative depth, still rely on the age-old principle of pathfinding—yes, the same one that made chasing ghosts in Pac-Man an addictive pastime.
AI's Role in Today's Games
So, where does AI fit into the current gaming landscape? Primarily, it enhances computer graphics and crafts smarter opponents for players to battle. This might not sound like the stuff of science fiction, but it's laying the groundwork for more immersive and realistic gaming experiences.
For instance, AI algorithms can generate photorealistic lighting, shadows, and reflections, making games like Grand Theft Auto V look astonishingly lifelike. However, when it comes to creating intelligent adversaries, the focus remains on multiplayer experiences that connect real players rather than pitting them against AI-powered foes.
The Future: Dreaming with GANs
Looking ahead, the potential for AI in gaming is vast and exciting. Generative Adversarial Networks (GANs), which involve pitting two neural networks against each other, could revolutionize content creation within games. Imagine games that evolve new mechanics, rules, and even assets on the fly, keeping content fresh and engaging indefinitely.
This future, where games can "dream" up new content with minimal human direction, might sound like a distant fantasy. Yet, it's closer than we think, with researchers and developers already exploring GANs' potential to transform the gaming experience.
Beyond Entertainment: AI's Broader Impact
The gaming industry's exploration of AI isn't just about creating better entertainment; it's a testing ground for technologies that could reshape our world. From manufacturing to autonomous vehicles, the lessons learned in game development have the potential to drive innovation across a myriad of sectors.
Moreover, the sheer scale of the gaming community—billions of players worldwide—suggests that the industry will be a significant source of job creation in the coming years. Whether in game design, AI research, or other roles that this evolving landscape will demand.
Funniest Meme of the Week
