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.