Near Protocol (NEAR)

• The speaker has sold their entire position in Near Protocol.
• The main reason for selling is its weak price performance, especially when compared to other cryptocurrencies in the AI sector like BitTensor.
• It was noted that during the recent market recovery led by Bitcoin, NEAR's price "did nothing" and has been trending near its "cycle lows."
• The speaker expressed confusion over its underperformance, stating that as the "number two AI layer one," it should be performing better in such a popular investment category.

Takeaways

• The speaker's sentiment on NEAR is currently bearish due to its relative weakness compared to its peers.
• This is an example of a portfolio management strategy where an underperforming asset is sold in favor of reallocating funds to a stronger asset within the same sector.
• Investors should be aware of NEAR's recent price underperformance, even though it is considered a major project within the popular AI crypto narrative.

BitTensor (TAO)

• BitTensor is highlighted as a significantly stronger performer in the AI crypto space compared to Near Protocol.
• The speaker mentioned that during the recent market recovery, BitTensor's price was up approximately 2.5x to 3x.
• A clear intention to buy more BitTensor was stated, specifically if its price experiences a pullback or dip.

Takeaways

• The speaker holds a bullish view on BitTensor, considering it a market leader in the AI crypto category based on its strong price momentum.
• The investment strategy discussed is to wait for a price correction to "buy the dip" in an asset that has shown significant strength.
• For those interested in the AI crypto theme, BitTensor is presented as a key asset to monitor for potential investment opportunities, particularly on price pullbacks.

Bitcoin (BTC)

• Bitcoin's price action is used as the primary benchmark for the overall health and direction of the cryptocurrency market.
• The performance of altcoins like NEAR and BitTensor was evaluated based on their price movements during the "last wave of Bitcoin recovery."

Takeaways

• Bitcoin is positioned as the market leader whose movements influence the rest of the crypto market.
• An important analysis technique for altcoins is to measure their relative strength against Bitcoin. An altcoin that outperforms Bitcoin during a market upswing is considered strong, while one that lags behind is considered weak.