Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: RidwanMalik on February 21, 2024, 02:39:43 PM
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You've likely seen OpenAI making headlines lately. They're pushing the boundaries of what AI can do, and this is sure to impact many industries. Their new product, SORA, really highlights their progress. It's a powerful AI model that can generate realistic images and videos from simple text descriptions. This kind of technology has the potential to streamline many creative processes. It's no wonder we're seeing a surge in interest for AI-related projects and tokens. In fact, this kind of innovation is exactly why we're seeing this crazy increase in the value of AI-focused crypto tokens. I even saw a Bitget Wallet report about it, you can check it out below.
(https://i.imgur.com/UULmI8i.jpeg)
Basically what you can see there, It's no surprise, this kind of progress is creating major hype around AI-related crypto tokens. If you're into projects like SORA, AGIX, GRT, or NMT, you've likely seen some nice gains recently. So I think this is considered the initial phase of a broader AI adoption within the cryptocurrency market. But what do you guys think?
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You've likely seen OpenAI making headlines lately. They're pushing the boundaries of what AI can do, and this is sure to impact many industries. Their new product, SORA, really highlights their progress. It's a powerful AI model that can generate realistic images and videos from simple text descriptions. This kind of technology has the potential to streamline many creative processes. It's no wonder we're seeing a surge in interest for AI-related projects and tokens. In fact, this kind of innovation is exactly why we're seeing this crazy increase in the value of AI-focused crypto tokens. I even saw a Bitget Wallet report about it, you can check it out below.
Basically what you can see there, It's no surprise, this kind of progress is creating major hype around AI-related crypto tokens. If you're into projects like SORA, AGIX, GRT, or NMT, you've likely seen some nice gains recently. So I think this is considered the initial phase of a broader AI adoption within the cryptocurrency market. But what do you guys think?
Similar to what happened after OpenAI introduced ChatGPT in 2022, tokens of projects in AI sector have had great growth such as FET, AGIX, RNDR..., OpenAI's Sora product repeat this while adding growth momentum to the AI token. Currently, AI has not contributed much to crypto. Existing projects only provide hardware systems to train AI models, or are markets for developing and purchasing AI services.
Recently Vitalik Buterin also talked about 4 use cases of AI for crypto[1], but we need to wait for developers to apply AI to their blockchain networks.
[1] The promise and challenges of crypto + AI applications (https://vitalik.eth.limo/general/2024/01/30/cryptoai.html)
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As for this year 2024 on which the narrative that we have started do really be on different but we've seen that AI is really that significant or those AI coins is really that making some movement.
We dont know on what would be on next year narrative on which it is really that good to hold up whether it would be going back to privacy,AI,interopability or others.
It is really that hard to guess and this is why when choosing up which project you would really be tending to support on.
So decisions be made will really be always ends up on someones preference as always.
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You've likely seen OpenAI making headlines lately. They're pushing the boundaries of what AI can do, and this is sure to impact many industries. Their new product, SORA, really highlights their progress. It's a powerful AI model that can generate realistic images and videos from simple text descriptions. This kind of technology has the potential to streamline many creative processes. It's no wonder we're seeing a surge in interest for AI-related projects and tokens. In fact, this kind of innovation is exactly why we're seeing this crazy increase in the value of AI-focused crypto tokens. I even saw a Bitget Wallet report about it, you can check it out below.
(https://i.imgur.com/UULmI8i.jpeg)
Basically what you can see there, It's no surprise, this kind of progress is creating major hype around AI-related crypto tokens. If you're into projects like SORA, AGIX, GRT, or NMT, you've likely seen some nice gains recently. So I think this is considered the initial phase of a broader AI adoption within the cryptocurrency market. But what do you guys think?
I uncovered that a substantial number of AI tokens have witnessed significant expansion. In fact, half of them achieved double-digit gains. Are all these token displayed on the infographic image found on their wallet or the exchange?
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There's one thing about altcoins, which is hype and trend. Years ago, we saw the trend and hype in NFT projects. The same thing happened some years ago for DeFi and CeFi projects, but in this current time, I don't see lots of those successful DeFi and NFT projects.
I want to say that what is happening to AI projects is normal, it's expected, and as a matter of fact, so many scammers will even use this opportunity to develop some scam projects with all clear intentions to steal money from their investors. I will advise investors to trade with caution. Although some of those altcoins will have clear intentions, there is no doubt that scam AI projects will also emerge.
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Due to the fact that there is a fairly quick response to everything that happens, for some time projects related to AI will develop and receive good investment. Then, as usual, they will find another cash cow, such as, for example, NFTs before that. And so the running continues endlessly. in a circle or in a spiral.
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Re: AI Tokens Surge: What's Driving the Momentum?
Narratives. Hype.
That's what makes these AI tokens surge.
When OpenAI was launched, there were some of these AI tokens that surged in price already. Those coins that are being categorized as AI tokens increased in price, and it's happening again this time now that they released Sora. What investors think is that, whenever there's a huge AI-related news, they also think that the price of coins that are related to that will also increase in price as well. This is how hype works in crypto.
Over the course of the bull run, I believe that AI tokens will surge alongside DePIN tokens and RWA. Only my prediction though. More projects that are related to AI will be created soon. If you saw what happened in 2021, it might happen again this time.
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Basically what you can see there, It's no surprise, this kind of progress is creating major hype around AI-related crypto tokens. If you're into projects like SORA, AGIX, GRT, or NMT, you've likely seen some nice gains recently. So I think this is considered the initial phase of a broader AI adoption within the cryptocurrency market. But what do you guys think?
I think AI-related is no hype, they are real and going to stay and keep evolving. However, this is crypto market though, we have seen it has evolved from ICO in 2017 and whatever the next hype is and so it's going to be cyclical.
For the applications of AI in real world, yeah, possible, but then again, how many projects real intention is to developed for this industry? This could be a touch-and-go approach and when the market has been saturated, then it will slow or even die down just saying.
But AI will be in our lives for the better in the future.
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You've likely seen OpenAI making headlines lately. They're pushing the boundaries of what AI can do, and this is sure to impact many industries. Their new product, SORA, really highlights their progress. It's a powerful AI model that can generate realistic images and videos from simple text descriptions. This kind of technology has the potential to streamline many creative processes. It's no wonder we're seeing a surge in interest for AI-related projects and tokens. In fact, this kind of innovation is exactly why we're seeing this crazy increase in the value of AI-focused crypto tokens. I even saw a Bitget Wallet report about it, you can check it out below.
Basically what you can see there, It's no surprise, this kind of progress is creating major hype around AI-related crypto tokens. If you're into projects like SORA, AGIX, GRT, or NMT, you've likely seen some nice gains recently. So I think this is considered the initial phase of a broader AI adoption within the cryptocurrency market. But what do you guys think?
Similar to what happened after OpenAI introduced ChatGPT in 2022, tokens of projects in AI sector have had great growth such as FET, AGIX, RNDR..., OpenAI's Sora product repeat this while adding growth momentum to the AI token. Currently, AI has not contributed much to crypto. Existing projects only provide hardware systems to train AI models, or are markets for developing and purchasing AI services.
Recently Vitalik Buterin also talked about 4 use cases of AI for crypto[1], but we need to wait for developers to apply AI to their blockchain networks.
[1] The promise and challenges of crypto + AI applications (https://vitalik.eth.limo/general/2024/01/30/cryptoai.html)
Damn that's some interesting info from Vitalik you shared now. This could definitely be a turning point for deeper AI integration into crypto. What you shared highlights how this is just the beginning.
Speaking of those tokens, I've personally seen the benefits with AGIX. I bought in around $0.4 on Bitget and sold near $0.7. It really shows the power of the AI surge – definitely a sector worth watching closely, especially considering their potential use cases compared to meme coins.
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Re: AI Tokens Surge: What's Driving the Momentum?
Narratives. Hype.
That's what makes these AI tokens surge.
When OpenAI was launched, there were some of these AI tokens that surged in price already. Those coins that are being categorized as AI tokens increased in price, and it's happening again this time now that they released Sora. What investors think is that, whenever there's a huge AI-related news, they also think that the price of coins that are related to that will also increase in price as well. This is how hype works in crypto.
Over the course of the bull run, I believe that AI tokens will surge alongside DePIN tokens and RWA. Only my prediction though. More projects that are related to AI will be created soon. If you saw what happened in 2021, it might happen again this time.
You're quite accurate. Depin tokens have been gaining traction lately, Rwa tokens like CPOOL has been on the rise, then finally AI, rndr, fet, Agix All on the rise for the last couple weeks. I've been adding some to my pf lately. Olas was my latest pick after it's addition to Bitget spot market recently.