Delysium - Back In The Zone!

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27 Dec 2024

An Altcoin Pick From 2023
Delysium began its journey as an amalgamation of the gaming sector and AI. However, it has since shifted completely to AI. I introduced readers to Delysium (AGI) at approximately $0.04. AGI went on to rally as high as $0.68 within the next 3 months. That’s a return of 1600% which is a rather impressive move considering altcoins were still heavily underwater at this stage. Micro-caps that succeed rack up gains, unlike any other sector, except for memecoins.
I often revisit previous altcoin picks to see how they are performing and whether or not they hold any value for fresh accumulation. AI remains a hot sector and is primed to continue dominating the markets alongside DePIN, RWA, and other trending narratives. Remember, it’s always about the entry. It doesn’t help holding a good project purchased at a local top, especially if the gains from that point on are marginal. An investor would be better off with a less prominent project yet to rally.
This school of thought makes buying solid projects during a market downturn a good move. A correction across the entire market will cause even the most prominent and bullish project to follow suit. Just as a high tide lifts all boats, everything goes to the ground when it goes out. This is always a good time to buy altcoins. Investors should always be on the lookout for a market purge. It’s the best time to go bargain hunting outside a bear market bottom.
A Closer Look At Delysium
A project that has performed well in the past but has succumbed to negative market sentiment is often a project worthy of investigation. If the trading volume remains healthy and there are no negative developments regarding the project and its future, it could just be a casualty of a broader market correction. This often happens with micro-caps, as they are speculative investment vehicles. Investors are banking on potential rather than current delivery regarding use cases and utility.
This is why a micro-cap can rally 1000% in a single day. Suppose an undiscovered micro-cap secures a meaningful partnership or some other significant development. Investors flood in, ultimately pushing the price up exponentially. I published many articles addressing micro-caps in 2022 and 2023. Getting back to Delysium, AGI is currently trading at $0.15 and is looking good for fresh accumulation. The green arrow in the screenshot below displays where I informed readers about AGI in December of 2023.

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I like to see charts like this when considering fresh accumulation. The price has been corrected over a multi-month period, indicating that a reversal is in sight. In such a scenario it is unlikely for the correction to continue. However, a lot relies on what occurs in the altcoin market. Many of us expect altcoins to commence their second leg up, so it makes sense to begin a process of accumulation. Note the term “process”. It’s always wise to practice risk management when dealing with smaller caps.
AGI might no longer be a micro-cap. However, it is still a relatively unknown project and as a result, still carries significant risk. Risk management in the form of capital deployment practices is imperative, especially when dealing with risky assets. AGI looks like a project worthy of a nibble. Given its recent price action and sector, it should rally when altcoins begin printing green candles again.

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Final Thoughts
Delysium (AGI) offers an attractive risk/reward ratio with the potential for some decent upside in the coming weeks and months. These are merely my views. Please DYOR before entering into any investments. This is not investment advice. I will revisit many of my previous altcoin picks, monitor their performance, and give noteworthy feedback in upcoming publications. See you next time!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.