XYZVerse Presale Sees Increased Demand Approaching 11th Stage

XYZVerse, a unique project that combines sports and meme coins, has captured the attention of the crypto community.

Chinese AI startup DeepSeek unveils ‘R1’ model, reportedly surpassing OpenAI’s performance for under $6 million

Deep learning has advanced significantly in recent years, largely driven by the increasing availability of powerful computing resources and vast datasets. This has enabled the development of highly capable AI systems, such as OpenAI’s models, which require substantial investments in the range of hundreds of millions of dollars.

However, a Chinese artificial intelligence startup has emerged as a disruptive force, unveiling its groundbreaking “R1” model—an AI system that reportedly surpasses OpenAI’s performance while being built for under $6 million.

DeepSeek, founded in 2021 and backed by investors including Sequoia Capital China and Hillhouse Capital, has created an AI model that can perform various tasks, including image generation, natural language processing, and code writing, at a fraction of the cost of its competitors.

According to DeepSeek, the R1 model was trained on a dataset of 100 terabytes of text and code, using 256 Nvidia A100 GPUs for 10 days. The total cost of building the model, including hardware, electricity, and manpower, came to around $5.8 million.

In comparison, OpenAI reportedly spent over $1.2 billion on compute costs alone to train its GPT-3 model, which was unveiled in 2020 and had 175 billion parameters at launch. R1, on the other hand, has 245 billion parameters, making it even larger than GPT-3.

DeepAI’s lower costs and impressive performance have sparked a selloff in major tech stocks, as investors rotate out of high-growth names and into more value-oriented stocks.

The revelation of DeepAI’s R1 model triggered a sharp selloff in major tech stocks, dragging down giants like Nvidia, Broadcom, Microsoft, and Arm Holdings. The turbulence wasn’t limited to equities, as Bitcoin also felt the pressure, slipping back below the critical $100,000 level.

The selloff began on Wednesday after the Nasdaq hit a record high, driven by strong earnings reports from several tech companies. However, the mood quickly shifted as news of DeepAI’s R1 model spread.

Investors, who had been piling into high-growth tech stocks amid the pandemic-induced market rally, are now rotating out of these names and into more value-oriented stocks. This shift is also being driven by concerns over rising inflation and interest rates, which could impact the valuations of growth stocks.

Bitcoin fell below the key $100,000 level on Thursday as the broader market sell-off intensified. The world’s largest cryptocurrency had been hovering around $100,000 for the past few weeks, following a rapid ascent from $50,000 in October.

As of the time of writing, Bitcoin is trading close to its 10-day simple moving average of $102,685 and just below the 100-day average of $103,639. The Relative Strength Index (RSI) stands at 59.33, suggesting that Bitcoin is approaching overbought territory but still has room for growth. The Stochastic indicator is high at 86.83, which may point to potential short-term overbought conditions. The MACD level of 423.63 indicates continued bullish momentum.

Looking ahead, Bitcoin faces a resistance level at $113,676. If it breaks through this, it could move toward the second resistance at $123,512, representing a potential increase of around 10% to 20%. On the downside, support is nearby at $94,005, with secondary support at $84,169. Should the price drop to these levels, it would mean a decrease of about 10% to 15%.

Amid the widespread market chaos, however, one project has remained resilient—XYZ, a rising crypto powerhouse, has defied the downturn, surging past $5.8 million in presale funding. While investors scramble to navigate the shifting landscape, XYZ’s momentum suggests a new opportunity is emerging, even as traditional markets and blue-chip crypto assets face volatility.

XYZVerse Presale Sees Increased Demand Approaching 11th Stage

In a time of market uncertainty and shifting priorities, one crypto project has remained remarkably resilient, defying the downturn and continuing to surge—XYZ, a rising crypto powerhouse, has now secured over $5.8 million in presale funding. As investors navigate the changing landscape, XYZ’s momentum points toward a new opportunity emerging amid the volatility faced by traditional markets and blue-chip crypto assets.

While market conditions have impacted several projects, especially those geared toward Web3, community, and entertainment, with many presales being put on hold due