At the beginning of the year, Internet users are particularly interested in artificial intelligence. If for many this was just a concept, with ChatGPT users will discover the practical side of AI. It is also interesting to see that this trend has quickly spread to the cryptocurrency world. Thus, for almost a week now, we have been witnessing a dizzying increase in cryptocurrencies linked to artificial intelligence.
AI tokens: the nuggets of tomorrow?
AI tokens are popular in the cryptocurrency market right now. Many projects related to the theme have seen huge increases in the market in recent days.
This state of affairs is the result of a new trend that has been dominating the technological landscape for a few days. Indeed, Internet users would fall in love with a prototype conversational agent using artificial intelligence, ChatGPT. The tech giants are also due to the skill and capabilities of this tool. Yesterday the giant Microsoft announced its intention to invest 10 billion dollars in ChatGPT.
In our first weekly column of cryptocurrency highs and flops of the year, two AI altcoins were last week’s best performers. Fetch.ai (FET) is up 67.65% in 7 days, while SingularityNet (AGIX) is up 47.14% over the same period.
This observation is reinforced when we enter the category ” AI and big data on the data aggregator CoinmarketCap. We can see that the average price of AI tokens has increased by 7.75% in the last 24 hours.
The Artificial Intelligence Liquid project is also doing great. In the daily data, the crypto would have already advanced by 96.3%. Similarly, trading volume soared by a staggering 1018.71% on the day.
By the way, Artificial Intelligence Liquid is defined as a project that wants to develop a decentralized protocol that allows for the creation of an intelligent metaverse inhabited by interactive and intelligent NFTs (iNFTs).
Will this trend last?
The performance of AI tokens hasn’t just been fueled by the hype around ChatGPT; the overall technical rebound of the market also played an important role in their growth. However, the sustainability of the performance of these altcoins will depend on the continuation of the trend of enthusiasm for artificial intelligence, but also on the evolution of prices in the cryptocurrency market. The effect of the second factor is all the more important when we know that crypto-assets have been evolving in the bear market for almost 14 months.
However, AI tokens are likely to remain very promising cryptocurrencies because artificial intelligence, machine learning and other automated computing techniques represent the future of the tech world.
Moral of the story : After DeFi, metaverse and gaming altcoins, AI tokens could be next to shine.
Disclaimer
All information on our website is published in good faith and for general information purposes only. Any action you take based on information found on our website is entirely at your own risk.