From a fundamental perspective, I see significant potential in $ALI's idea. Firstly, it operates in a hot, trending segment of the market – AI, that is poised for substantial growth in the coming years. Moreover, the concept of "intelligent NFTs" has the potential to make a significant impact in this industry beyond mere visual representations, even though I may not possess the insight to fully grasp its applications, I am confident that there are brilliant individuals who can unlock this potential.The fact that $ALI has garnered support from prominent investors further bolsters my belief that this project could mature and expand.
However, examining its price chart reveals a less favourable picture, with an extended period of relatively stagnant sideways movement over a year and a half, punctuated by only two short-lived price surges. BUT, if you have faith in $ALI's long-term prospects, these price levels could definitely be worth considering for accumulation as they are right now good levels of HTF support.
Nonetheless, there are two significant concerns that currently put me off buying this project. Firstly, the remarkably low trading volume is disconcerting. While volume spikes can occur unexpectedly, the fact that $ALI is listed on numerous credible DEX’s and CEX’s yet struggles to achieve daily trading volumes exceeding $300k is a worrisome indicator of decreasing interest.
Secondly, the project has horrendous tokenomics which have been pointed out and negatively scrutinized in a few micro-reviews by fellow analysts. This factor also massively contributes to my reservations.
Overall, I believe the project still holds promise, as it is an innovative concept and it could find success in the future. The key questions, however, are how long it will take to rekindle genuine interest and whether the unfavourable tokenomics might hinder the project's development before its concept can be fully realized. Show Less
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