AI tokens have been making headlines recently, with a lot of hype around the potential of these tokens. However, the fact of the matter is that the market sentiment is cooling down and the speculative nature of the industry is showing.
The hype of AI tokens started at the beginning of the year, with a majority of the tokens experiencing a huge resurgence in popularity due to the bullish sentiment of traders. For example, AGIX experienced a 669.15% increase over 30 days and GNY surged by 946.61%. It was nothing short of a frenzied beginning.
Unfortunately, with the hype now diminishing, the long term trends of these tokens have been downward. Many of the top AI tokens have dropped over the last seven days, with only two tokens exhibiting growth. This shows that market sentiment is indeed shifting downwards and the speculators are leaving now that their expectations have not been fulfilled.
One of the main reasons for this cooling off can be the Questionable compatibility between these two technologies of Blockchain and Artificial Intelligence. Many technology experts have been vocal in their doubts in the possibilities of this symbiotic relationship.
Therefore, until the speculative nature of the market is replaced by common sense, it's likely that we will see a continuous downtrend in AI tokens.
Melanie Lee
- 2023-05-03
The Hype of AI Tokens is Diminishing
AI tokens have been making headlines recently, but market sentiment is cooling down and the speculative nature of the industry is showing. Find out why the hype is diminishing and what this means for the future of A.I tokens.
