Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: BattleAxe1 on April 08, 2024, 02:21:10 PM
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Tokens backed by AI are emerging so strongly, hitting the crypto market with several pegs and concepts along with surging price action. It seems its growth pace is outperforming that of Btc, I dare to say.
Looking at CoinGecko's data the value of AI coins market combined, has grown over $26.4 Billion from about 2.7 billion in few months. And I'm wondering what makes AI token work differently from traditional cryptocurrencies to attract the kind of attention it's gathering.
In recent search for promising tokens I've come across some AI tokens with interesting concepts like Nosana AI project planning to have a GPU grid for renting computing power for other AI projects. eTukTuk project looks great with the idea of electric vehicle. I found Artificial Liquid intelligence also, the project looking to empower AI owners in their ecosystem. Then Delysium, an AI- powered open-world framework.
As expected the list can't be complete without meme on the list, right? I found Scotty the AI. To add also, while surfing X Today, I came across ChatAI token trending across social media for their listing announcement on different CEX today.
What makes these tokens attractive to investors that everyone seem to be showing interest in them? It this all about the good price movement and how profitable they can be?
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I am familiar with the use of AI at the beginning of this year, the large turnout of new projects in this regard leads to great growth both in terms of the community and in the effectiveness of parrying the crypto market. They are at the very beginning and things are matching well, like for example the Grass project, where excess internet data is literally used to collect points that will later be individually converted into tokens for sale.
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They are relatively cheap and history has shown that their turnovers are mouth watering. AI coin popularity and price increase for the past years/months is the belief that AI development is the future. As long as new hype or sector doesn't come out AI and meme will continue to experience surges whether positive or negative. People believe now that meme coins and AI's are the only that can give you *10 profit. Thanks to their high volatility it is accompanied by a huge risk that's been circumvent by the worth while profit.
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What makes these tokens attractive to investors that everyone seem to be showing interest in them? It this all about the good price movement and how profitable they can be?
AI trend has emerged for a long time, perhaps since 2017 when we were waiting for a platform that could provide hardware to train AI or a market to trade AI solutions, however, everything was only proposed and tokens in AI trend has not received attention from investors in the 2020 cycle. However, the emergence of ChatGPT in late 2022 changed everything: AI became a major trend in society and tokens in this trend also received huge investment flows, causing their prices to increase sharply like FET, AGIX, RNDR... even though they didn't have any significant upgrades.
Although the potential of AI trend is huge, meaning that investors can earn huge profits in bullrun, I still think AI trend is only temporary and not really related to the AI that we are using. These AI tokens are only chosen by whales to manipulate and pump prices, thereby taking profits in the future. Investors should be really careful!
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They are relatively cheap and history has shown that their turnovers are mouth watering. AI coin popularity and price increase for the past years/months is the belief that AI development is the future. As long as new hype or sector doesn't come out AI and meme will continue to experience surges whether positive or negative. People believe now that meme coins and AI's are the only that can give you *10 profit. Thanks to their high volatility it is accompanied by a huge risk that's been circumvent by the worth while profit.
Right, I also observed how cheap some of these tokens start of and build up in price momentum as the trend increases in visibility for the project unlike project tokens that opens with insane price and tend to drop when a number of investors have gotten in. I'll made some moves towards the ChatAI token as it gains more listings or I'll simply utilize the Stake-to-mine PoolX platform of Bitget to earn it while hoping for an increase in value.
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They are relatively cheap and history has shown that their turnovers are mouth watering. AI coin popularity and price increase for the past years/months is the belief that AI development is the future. As long as new hype or sector doesn't come out AI and meme will continue to experience surges whether positive or negative. People believe now that meme coins and AI's are the only that can give you *10 profit. Thanks to their high volatility it is accompanied by a huge risk that's been circumvent by the worth while profit.
Right, I also observed how cheap some of these tokens start of and build up in price momentum as the trend increases in visibility for the project unlike project tokens that opens with insane price and tend to drop when a number of investors have gotten in. I'll made some moves towards the ChatAI token as it gains more listings or I'll simply utilize the Stake-to-mine PoolX platform of Bitget to earn it while hoping for an increase in value.
I did a quick dive on chatai, web3 interactive platform, since they're alot of them what makes ChatAI special? Plus this poolX, kinda new to me. Maybe you should send a link so I go through it.
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What makes these tokens attractive to investors that everyone seem to be showing interest in them?
Hype and nothing else!
Look at your first example, nosana, it's basically a company renting GPU power, so how is that different from any other company doing the same, why is a token even needed, and what does it actually have to do with AI? It's nothing different in concept than how CHIA was supposed to work, it's just that it got some flashy name added.
eTUKTUK, why would you even need AI for this? And why would you need a coin for it?
Tesla is doing great with electric cars with no blockchain or coin, UBER is having hundreds of millions of clients and drivers, again just with an app and card payments, so what's the actual need for an AI in ride business?
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Those that are into AI cryptocurrencies can be able to tell that they really have more to talk and give concerning their experience with this in cryptocurrency, there are many financial opportunities in which they can earn from it and some have already made their millions from such, we only have to remind ourselves that in everything that we do, we need to have the required basic and standard knowledge for it, which will help us from achieving the required result.
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What makes these tokens attractive to investors that everyone seem to be showing interest in them? It this all about the good price movement and how profitable they can be?
AI trend has emerged for a long time, perhaps since 2017 when we were waiting for a platform that could provide hardware to train AI or a market to trade AI solutions, however, everything was only proposed and tokens in AI trend has not received attention from investors in the 2020 cycle. However, the emergence of ChatGPT in late 2022 changed everything: AI became a major trend in society and tokens in this trend also received huge investment flows, causing their prices to increase sharply like FET, AGIX, RNDR... even though they didn't have any significant upgrades.
Although the potential of AI trend is huge, meaning that investors can earn huge profits in bullrun, I still think AI trend is only temporary and not really related to the AI that we are using. These AI tokens are only chosen by whales to manipulate and pump prices, thereby taking profits in the future. Investors should be really careful!
And this happened because the Western world relied on it. And the US GDP growth was shown due to two AI companies. In order to get out of the crisis that is going on, for some reason they decided that AI will help overcome this since this is the basis of the 3rd technical revolution .As usual, there are 2 opposing opinions on this matter and, accordingly, the prospects for the growth of AI-related tokens directly depend on which path the Western world chooses.
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What makes these tokens attractive to investors that everyone seem to be showing interest in them? It this all about the good price movement and how profitable they can be?
AI in itself is a very promising proposition and with hypes flying from shelves we can expect more and more projects to be introduced to the market this year and beyond. However, we should note, that not all AI-focused projects that adopted the idea of cryptocurrency and the blockchain are created equal and only the test of time will determine which of them will eventually survive and be a solid player in the market. Just like the hypes surrounding the Metaverse, there is a big likelihood that eventually AI will lost its attractiveness as many AI tokens are just nothing but hollow inside. With that in mind, I am recognizing the strong value of AI and it will certainly be a big influence into the future as it got so many applications in so many different industries and can be producing big impacts in millions of people and organizations. We just have to be careful with those just taking advantage of its popularity to make some good money at the expense of the people who are supporting them financially. Just because a project is calling itself AI does not automatically mean it should be trusted and supported.
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I second the opinion that hype is the only reason why those projects are popping off. If you follow social media closely, even influencers are using the term "narrative" to describe the rising trend, using the recent airdrop boom as a basis for why you need to take a look at these emerging projects, etc. Basically, they're saying that the trend is changing to A or B, so you should buy their tokens simply because the fomo is heading in that direction, not necessarily because they'll be useful for long-term usage. They usually preface it by saying a big company A is investing in project B, and so on. It is a marketing technique to induce fomo and it works for the average joe so far.
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What makes these tokens attractive to investors that everyone seem to be showing interest in them? It this all about the good price movement and how profitable they can be?
Some of these coins you see people rush and buy, they have no idea about what they ae even buying but because peopleare buying, other people will want to buy too just because they don't want to miss the opportunity to make some profits, example of these AI coins is Fetch, so many people are shilling this coins without understanding what they are buying.
If most of these AI projects that are writing long epistle of docs and whitepaper with so much hype are given chance to prove what AI will do, even with funding they wouldn't be able to deliver anything.
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What makes these tokens attractive to investors that everyone seem to be showing interest in them? It this all about the good price movement and how profitable they can be?
Some might said it already here, but I will say it here again. It's the HYPE, and nothing more.
TBH, these AI tokens aren't doing anything that's related to AI. They just classify themselves as AI token, but they aren't related to AI, or at least the project isn't doing anything that AI things are doing.
How profitability are AI projects? They can double your money in just a short amount of time, and that's it. TBH, I don't see these AI tokens as a good mid to long term coins to hold because of the things that I said above. That being said, in the near future, we might see some new developments on these AI projects, but who knows. One thing's for sure though. These tokens are getting attracted to the investors just because of the hype.
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There is no doubt that the future era is going to be the artificial intelligent era and it is already becoming a hype on market. There are lots of project are coming based on artificial intelligent But one thing must be remembered that the things that create more hype are the things that are more scamming, so seeing this kind of ai project, I think it makes no sense to invest in a hurry. Apart from AI, many new potential projects are currently coming in the market which are also going to be profitable by investing. Of course, before choosing a project for investment, you should look at some facts, whether it is an AI project or any other technology-based project. Like always check their circulating supply and max supply, their market cap and also the project team.
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And this happened because the Western world relied on it. And the US GDP growth was shown due to two AI companies. In order to get out of the crisis that is going on, for some reason they decided that AI will help overcome this since this is the basis of the 3rd technical revolution .As usual, there are 2 opposing opinions on this matter and, accordingly, the prospects for the growth of AI-related tokens directly depend on which path the Western world chooses.
In my opinion, tokens that are created entirely with the help of AI are the bad side that token creators have developed to make a lot of money easily. Basically, not all AI can run alone. Sometimes AI still needs our help to stay on the path we want. Hopefully developers out there will not be completely dependent on AI alone. We will be given fresh brains to thinking and not be used to depending on AI.
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Of course it terms of profit, you can make a lot of it this bull run, that is if you by chance find the right AI project to begin with and so you need that element of luck as well. And just like the history of this kind of hype, from ICO to P2E, sooner or later they will have to die down or at least majority of this projects who are kind like just a copy of others, investors are not going to support those kind. So it's hype nothing more and again, sorry to say this but they could be compared to meme coins, just pure pump-and-dump scheme. But the earlier you get the better chance you can earn big assuming you know the point where to exit and take that profits.
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Looking at CoinGecko's data the value of AI coins market combined, has grown over $26.4 Billion from about 2.7 billion in few months. And I'm wondering what makes AI token work differently from traditional cryptocurrencies to attract the kind of attention it's gathering.
For a concept in tokens or coins to move forward it should have usability and purpose and so far these AI-based tokens have that since Google and Microsoft, introduced AI and the Cryptocurrency industry adopted it, it has created massive awareness in various industries.
I just think that AI-based tokens are better than meme coins because meme coins/tokens thrive on the shilling that comes from the popularity of the earliest known memes, there's a possibility that memes will come to pass but AI-based tokens will continue to exist because of its usage to many industries.
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In my opinion, tokens that are created entirely with the help of AI are the bad side that token creators have developed to make a lot of money easily.
There are no such token(s).
The whole thing of an AI driven blockchain and ecosystem is pure vaporware at this point.
Large companies with billions to spend in research have not managed to get anything better than some assistants that still rely heavily on human control and feedback and you think some strat-ups with a few quids scammed from gullible investors are going to make a true AI-controlled ecosystem come to life?
There is a huge difference between
- tokens actually creating an AI-controlled economy
- tokens raking someone profit by buying low selling at the top of the hype.
Thousands made profits with Enron, with 59% and 80% increase in the last years but we all know how it ended.
AI-based tokens will continue to exist because of its usage to many industries.
Can you point to me a single token from coingecko that has actual real-world usage?
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What makes these tokens attractive to investors that everyone seem to be showing interest in them? It this all about the good price movement and how profitable they can be?
Well, I don't know what others think, but personally, what I would say is they, going back to experience, every cryptocurrency narrative has its own time, and when it's time for any narrative to reign supreme, investors seem to pour in money into any project in that regard without asking questions, or caring what exactly the project plans to do, whether the goal is feasible or not, I remember when NFTs were on board, alot of us invested in NFT projects without much research, and as well, many bought NFTs that were completely useless, I am a victim of this too, and today, many of us hold NFTs that we can never be able to sell and recover our money.
So, clearly, this time, I believe Ai narrative is the narrative that is resigning, possibly due to several reasons, remember Elon musk invested in an Ai project (Open Ai), so, it's possible that alot of people are also decided to follow Elon musk's step, believing that Ai are the future, so this is possibly the reason why every Ai project seems to pump.
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What makes these tokens attractive to investors that everyone seem to be showing interest in them? It this all about the good price movement and how profitable they can be?
There may be several reasons why crypto AI projects are currently attracting the attention of investors, apart from the emergence of various meme coin projects. Because, currently, AI technology is being quite intensively developed and implemented in various ways. So, this is also one of the ideas from developers to take advantage of this moment to attract the attention of investors.
Indeed, investors are often interested in things that are currently hyped both in the digital world and in the offline world. Because the AI project is currently closely related to technological developments which are also being implemented in the offline world, not just online. This aims to make it easier for people to do things, especially their work.
However, we all need to be more alert to any type of project that is particularly hyped. Because, not all crypto AI projects have true potential. So we have to be able to choose which developers are really good and are also able to develop the project very seriously and sustainably, not just for a moment until it is listed on the exchange. And don't let us just suffer from excessive FOMO which can result in us losing a lot of money. This may give us very high profits if we really understand how to utilize and optimize the chances. But on the other hand, this will also be probably making you lost money because of hype traps.
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So, clearly, this time, I believe Ai narrative is the narrative that is resigning, possibly due to several reasons, remember Elon musk invested in an Ai project (Open Ai), so, it's possible that alot of people are also decided to follow Elon musk's step, believing that Ai are the future, so this is possibly the reason why every Ai project seems to pump.
Elon has always been a pioneer and when Ai succeeds crypto also follows developments about AI.
Ai is increasingly being used in every crypto project, and this is becoming a stronger narrative in the use of AI for new project innovation.
Now it is not very strong, but it is almost integrated in all crypto projects built by crypto users.
We have entered the world era where AI dominates the digital technology sector.
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Elon has always been a pioneer and when Ai succeeds crypto also follows developments about AI.
Ai is increasingly being used in every crypto project, and this is becoming a stronger narrative in the use of AI for new project innovation.
Now it is not very strong, but it is almost integrated in all crypto projects built by crypto users.
We have entered the world era where AI dominates the digital technology sector.
Elon has a very sophisticated point of view, the money he has makes him work very smart because with the large amount of money he has he can use that money to develop more sophisticated technology and think very far ahead. Artificial Intelligence seems to have been stopped by Elon because he realized the dangers that this technology could cause.
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What makes these tokens attractive to investors that everyone seem to be showing interest in them?
Admittedly, I'm only interested in AI tokens because of the potential profit I could gain in the bullrun. I don't really care much about the technology right now. I'll have plenty of time to learn more about that in the bear market and that's when I'll seriously invest (cheap tokens with good tech).
I think this is the same mentality of most speculators.
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The relevance of these tokens for me is logical, everyone wants to have AI as their main source of information and to be fashionable, but at the moment when AI begins to be seen as something normal, in reality things are also going In another direction, we will realize that the investment in these AI tokens will decrease, because all the time there is a lot of emotion because of the new thing, is that you talk about AI to someone and at once they say that it is the future, and that is what they say. They see the world like this, only they have not understood that this AI is not really Intelligence, it is just giving automated responses and the robot does not think, it does not establish something logical like a thought, having weighed and determined what is best for me It is intelligence, that is why the human being until now will have an advantage over AI, for that reason many people now buy tokens of these, because it seems to them that it is the newest and coolest technology there is.
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The relevance of these tokens for me is logical, everyone wants to have AI as their main source of information and to be fashionable, but at the moment when AI begins to be seen as something normal, in reality things are also going In another direction, we will realize that the investment in these AI tokens will decrease, because all the time there is a lot of emotion because of the new thing, is that you talk about AI to someone and at once they say that it is the future, and that is what they say. They see the world like this, only they have not understood that this AI is not really Intelligence, it is just giving automated responses and the robot does not think, it does not establish something logical like a thought, having weighed and determined what is best for me It is intelligence, that is why the human being until now will have an advantage over AI, for that reason many people now buy tokens of these, because it seems to them that it is the newest and coolest technology there is.
I may be wrong, but the growth prospects for AI-related coins directly depend on the bullish mood in the market.If you think deeply about the connection between the research and development of AI and some tokens in which the phrase AI is mentioned. Without “AI tokens,” this area would have developed safely without them. Therefore, this is the usual hype to earn as much money as possible while it’s hot.
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And this happened because the Western world relied on it. And the US GDP growth was shown due to two AI companies. In order to get out of the crisis that is going on, for some reason they decided that AI will help overcome this since this is the basis of the 3rd technical revolution .As usual, there are 2 opposing opinions on this matter and, accordingly, the prospects for the growth of AI-related tokens directly depend on which path the Western world chooses.
In my opinion, tokens that are created entirely with the help of AI are the bad side that token creators have developed to make a lot of money easily. Basically, not all AI can run alone. Sometimes AI still needs our help to stay on the path we want. Hopefully developers out there will not be completely dependent on AI alone. We will be given fresh brains to thinking and not be used to depending on AI.
When we say AI tokens doesn't mean that the token was created solely and entirely by AI. I think we are mixing things up here. Like ChatAI token I used as an example in the initial post which has been added to POOLX where you can stake USDT or BGB to earn the CHATAI token, the system behind the development integrate various platforms and systems, such as websites, messaging apps, social media platforms, and enterprise software, to provide seamless communication experiences. So AI token is how it is developed differently than the traditional crypto token
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And this happened because the Western world relied on it. And the US GDP growth was shown due to two AI companies. In order to get out of the crisis that is going on, for some reason they decided that AI will help overcome this since this is the basis of the 3rd technical revolution .As usual, there are 2 opposing opinions on this matter and, accordingly, the prospects for the growth of AI-related tokens directly depend on which path the Western world chooses.
In my opinion, tokens that are created entirely with the help of AI are the bad side that token creators have developed to make a lot of money easily. Basically, not all AI can run alone. Sometimes AI still needs our help to stay on the path we want. Hopefully developers out there will not be completely dependent on AI alone. We will be given fresh brains to thinking and not be used to depending on AI.
When we say AI tokens doesn't mean that the token was created solely and entirely by AI. I think we are mixing things up here. Like ChatAI token I used as an example in the initial post which has been added to POOLX where you can stake USDT or BGB to earn the CHATAI token, the system behind the development integrate various platforms and systems, such as websites, messaging apps, social media platforms, and enterprise software, to provide seamless communication experiences. So AI token is how it is developed differently than the traditional crypto token
I've been noticing many AI tokens lately, with my latest observation being NAO, the native asset of nettensor. Nettensor is an aggregated and modular blockchain solution with the versatility to handle various tasks. Interestingly, I'm also accumulating some POOLx.
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And this happened because the Western world relied on it. And the US GDP growth was shown due to two AI companies. In order to get out of the crisis that is going on, for some reason they decided that AI will help overcome this since this is the basis of the 3rd technical revolution .As usual, there are 2 opposing opinions on this matter and, accordingly, the prospects for the growth of AI-related tokens directly depend on which path the Western world chooses.
In my opinion, tokens that are created entirely with the help of AI are the bad side that token creators have developed to make a lot of money easily. Basically, not all AI can run alone. Sometimes AI still needs our help to stay on the path we want. Hopefully developers out there will not be completely dependent on AI alone. We will be given fresh brains to thinking and not be used to depending on AI.
When we say AI tokens doesn't mean that the token was created solely and entirely by AI. I think we are mixing things up here. Like ChatAI token I used as an example in the initial post which has been added to POOLX where you can stake USDT or BGB to earn the CHATAI token, the system behind the development integrate various platforms and systems, such as websites, messaging apps, social media platforms, and enterprise software, to provide seamless communication experiences. So AI token is how it is developed differently than the traditional crypto token
I think everyone understands this. This is just a figure of speech, perhaps difficulties with Google translation. I think it’s still a long way off before AI will churn out tokens. Personally, I haven’t deeply delved into how the mentioned token was developed, but I don’t think that it was developed in a special way. Purpose Yes, it can cover something that has not been done before.
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The relevance of these tokens for me is logical, everyone wants to have AI as their main source of information and to be fashionable, but at the moment when AI begins to be seen as something normal, in reality things are also going In another direction, we will realize that the investment in these AI tokens will decrease, because all the time there is a lot of emotion because of the new thing, is that you talk about AI to someone and at once they say that it is the future, and that is what they say. They see the world like this, only they have not understood that this AI is not really Intelligence, it is just giving automated responses and the robot does not think, it does not establish something logical like a thought, having weighed and determined what is best for me It is intelligence, that is why the human being until now will have an advantage over AI, for that reason many people now buy tokens of these, because it seems to them that it is the newest and coolest technology there is.
I may be wrong, but the growth prospects for AI-related coins directly depend on the bullish mood in the market.If you think deeply about the connection between the research and development of AI and some tokens in which the phrase AI is mentioned. Without “AI tokens,” this area would have developed safely without them. Therefore, this is the usual hype to earn as much money as possible while it’s hot.
Well, the truth is that Almost everyone likes it when they talk about AI , Apparently it is one of the things that most attracts people's Attention, and when they talk About Crypto projects that have to do with AI, they find it Phenomenal because they Know that It's the Boom and I think that's what it's all About, Sometimes there is something that gives money for a Certain Period of time, and then the I nterest focuses on other things , that's how it Works most of the time with crypto Projects and things. , then given these things , one thinks that Everything is Almost for Fashion, for emotions and that is what most of all people focus on.
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There have been much hypes on AI crypto projects lately but non have really met the hype. Although, I recent bought one called Nettensor on Bitget and still trying to earn more of it with thier poolx. But I'm not really sure what the outcome for the coin might be even if I've been seeing positive things about it lately.
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The relevance of these tokens for me is logical, everyone wants to have AI as their main source of information and to be fashionable, but at the moment when AI begins to be seen as something normal, in reality things are also going In another direction, we will realize that the investment in these AI tokens will decrease, because all the time there is a lot of emotion because of the new thing, is that you talk about AI to someone and at once they say that it is the future, and that is what they say. They see the world like this, only they have not understood that this AI is not really Intelligence, it is just giving automated responses and the robot does not think, it does not establish something logical like a thought, having weighed and determined what is best for me It is intelligence, that is why the human being until now will have an advantage over AI, for that reason many people now buy tokens of these, because it seems to them that it is the newest and coolest technology there is.
No, it won't even arrive to this point, since none of those tokens have any actual AI behind them.
They are projects based on hype, driven by buzzwords and vaporware, just like all the tens of thousands of utility coins we had that in the end didn't prove useful to anything else other than trading.
I've yet to see an actual token that has anything realistically to do with AI, and if such a project would still come out of the woods, the next question everyone should ask is, why do you need a token? Google is fine without one, so is Microsft, so is Nvidia, so, maybe the coin is irrelevant.
Admittedly, I'm only interested in AI tokens because of the potential profit I could gain in the bullrun.
Anyone who treats those as long-term investments rather than quick profit once the max hype hits will be in for a surprise, a painful money-losing surprise.