DeepBrain Chain (DBC) - Scouter Analysis - The next BIG cryptocurrency of 2018!

DeepBrain Chain is a decentralized AI neural network and a low cost AI computing platform.
As stated on their website DeepBrain Chain’s vision is to provide a low-cost, private, flexible, secure and decentralized computing platform for AI products.

In essence it’s a platform where AI enterprises can gain cheaper computational power. (If you did not know one play for the AI on AlphaGo costs $3000)! DBC also secures the enterprises intellectual property and supports voice interaction applications (similar to Siri and Alexa).

Pros

• DBC is built on the NEO platform, Ethereum’s Chinese competitor, NEO has a huge amount of supporters and is growing at an increasing rate which could brush off on DBC.

• AI is growing at an increasingly rapid pace as we can see with Amazon, Google and Facebook pushing billions of dollars into R&D. (Google alone invested a $400 million to acquire DeepMind one of the largest AI acquisitions to date).

• On another note: Click here for more AI
  • There has also been a 14X increase in the number of active AI startups since 2000.
  • Investments in AI start-ups has increased by 6X since 2000.
  • Jobs requiring AI skills has grown 4.5X since 2013.

• There will be a need to address many of AI’s inherent problems and DeepBrain Chain seems to be on the frontlines with a solution.

Cons

• Neo is a Chinese project based in Singapore making it a little out of reach to United States investors.

• Tough to market an AI block chain with the huge language barrier between the Chinese market and North America. DBC might get lost in the translation, but nothing they can’t overcome.
  (You might have witnessed the same problem with Justin Sun and TRX with his white paper and live streams which did cause a lot of FUD).

Quick Analysis - BULLISH

At the time of this writing DBC is priced at 0.00001290 close to its 24 hour low of 0.00001250 & 1 week low of 0.00001200 since the January 17th market drop. Buying DBC close to this range is optimal having a strong support line at 0.00001200. In addition, the price level is continuously touching the lower Bollinger Band indicating the coin is oversold and opening up a great entry point. DBC is listed on Kucoin for anyone that’s interested!

2018 is going to be a big year for Deepbrain Chain, they have already started building an Artificial Intelligence Blockchain lab in Silicon Valley and have transitioned from building intelligent hardware to cloud based services. If you haven’t visited their website you can do so by clicking here. You can also follow them on twitter @DeepBrainChain and @deepbrainfeng.

Your feedback and support is very important to me, if you have any recommendations for my next analysis shoot up a comment down below. You can also follow me on twitter at @QriusGeorges.

Keep your scouters ready for this one Saiyan’s, it might just be over 9000!