I would like to know your views on this event:1. I think the launch of the AI Fund could help bring the AI trend back sooner and lead the market into bullrun.
- Do you think Grayscale AI Fund will have a positive impact on the AI trend in the uptrend?
- Do you hold any tokens in the Grayscale AI Fund list?
- Are you inclined to pay attention to these tokens just because they appear in the Grayscale AI Fund?
AI tokens are a useless classification and I don't think they are related to the current revolution in AI.
Filecoin (FIL) and Livepeer (LPT) are currencies that existed before the idea of AI tokens became widespread.
A few days ago, many AI tokens were created and had quite good price movements. This has all been manipulated by the developers and their team. Their goal is actually to increase traders who want to enter the token they are developing. When they have high interest, they have the opportunity to dump or withdraw profits slowly with tokens that have been distributed to the developer's personal wallet without the traders' knowledge. This is a risk that often occurs with AI tokens that are often created on the Solana network. So we have to remain careful and make no mistake in determining what we do in the market.
I have none of AI tokens actually but there have been good ones I have seen where prices are really attactive for investors that they could gain a lot when if the AI becomes successful.
One popular AI token that I knew years ago was FET but its price was just a few cents but upon checking today the AI tokens, this FET had risen to more than $1.
What Grayscale is supporting, I think may also be a good investment.
AI tokens are a useless classification and I don't think they are related to the current revolution in AI. Filecoin (FIL) and Livepeer (LPT) are currencies that existed before the idea of AI tokens became widespread. Grayscale's investments are not an indicator of the success or failure of a cryptocurrency project, but rather a reflection of the investors' own opinions, and in some cases the token was removed after some time.
Reminds me of this:+1 great topic and I will use it as a reference for everyone who claims to invest in AI tokens.
There is no such thing as AI coins, sorry, but there is not! (https://www.altcoinstalks.com/index.php?topic=321697.msg1564496#msg1564496)
It has become a habit for people in the development of crypto to always look for something that is popular and hyped, quite a few even think that whatever the form and method, the important thing is that we get a profit, then everything will be done.The AI token hype has been expected for a long now this is because the cryptocurrency community is one viable ground for most of this development and attempt to gain from the many opportunities that aband in the cryptocurrency space, so with each development it always drives a trend and some times many of those hypes are mere scam waiting to happen, most of the fake developments make noise to gain attention so we are used to that by now and we ant going to see anything changing soon.
In fact, if our goal is this, then we can invest in anything, as long as we understand and understand the risks we will face.
In addition, this same company has been dumping its BTC on the market for months and they are probably among the biggest culprits that the price of BTC is not at least 20% (or more) higher.
Maybe it's a good opportunity in the short term, but I think it's really stupid to give tokens some kind of AI features - and I've honestly become so repulsed by it that I avoid anything related to AI. In addition, this same company has been dumping its BTC on the market for months and they are probably among the biggest culprits that the price of BTC is not at least 20% (or more) higher.First of all, GrayScale did not sell BTC, it was their customers who sold GBTC as soon as it was traded. I think we shouldn't blame GrayScale, even though they were wrong to set the management fee too high.
I understand that it is a time when everyone wants to sell something with the addition of AI, but there is nothing sensational that we have not seen before - there will be a pump and then a dump will follow.
~snip~
GrayScale is simply introducing a financial product for their customers to participate in, we may not participate but we cannot oppose or condemn them.
~snip~
GrayScale is simply introducing a financial product for their customers to participate in, we may not participate but we cannot oppose or condemn them.
Why can't we do that? If I personally think that something is pointless and bad, then I guess I have the right to say so (at least online) without fear that they will persecute me because of it.
I publicly wrote that Do Kwon and his project is something that will fail, just as Sam Bankman is incapable of running a small local store, let alone an international company. Tokens that have "AI" in their name are just selling false promises, no matter who is behind it.
~
I think just not buying it is the same as opposing or condemning it... if nobody buys, they probably shut it down
~snip~
But at the same time, it's a free world, if you don't like something you must still be allowed to say it out loud.
I think just not buying it is the same as opposing or condemning it... if nobody buys, they probably shut it down
Why can't we do that? If I personally think that something is pointless and bad, then I guess I have the right to say so (at least online) without fear that they will persecute me because of it.GrayScale is just an asset management company, and they can provide the necessary services to customers. The AI trend is developing in the market and also provides a few services related to AI training or selling AI services to businesses, and AI Fund may still attract investor money. If this is legal, it will continue to exist and GrayScale will still have many customers and revenue.
I publicly wrote that Do Kwon and his project is something that will fail, just as Sam Bankman is incapable of running a small local store, let alone an international company. Tokens that have "AI" in their name are just selling false promises, no matter who is behind it.
~snip~
But at the same time, it's a free world, if you don't like something you must still be allowed to say it out loud.
I wouldn't speak publicly against such companies if I lived in the US, there are laws that protect companies in some really strange way, although the laws probably depend on the individual federal state. I always remember one case about a documentary that dealt with food poisoning in the US, where a girl died from eating contaminated meat, and when the parents went public with it, the same company sued them, because by law they (the parents) are not allowed to damage their reputation in that way.
And the outcome? Because that's the most important thing, everyone can sue anyone in the US, but I really wonder how the parents did it, if they just unleashed against the company without the investigation proving she died from that thing or before the investigation was finished, yeah, I can see it happening, it's a thing about trying to interfere with the result of it and if true yeah, the company would win it, then they will need to go through a civil lawsuit for those damages!
But here we talk about our opinions, and just look at the cesspool that twitter is, do you think grayscale would start seeing random people for being against it, it will hurt them more![/size]
Actually ai is very potential for future as I know Grayscale provide a good service as a asset management company. So in my opinion I think investment on AI funds of gray-scale can be profitable but I will also suggest to others that when one thing in hype there will be more risks for investing. So I will see the results and investing on it with small fund in the beginning. Currently I'm focusing on Bitcoin more than any others token.BTC should always receive the majority of investment capital, while the remaining small portion is allocated to altcoins. The AI trend experienced strong growth in 2023 and brought profits to investors, which could be the reason why Grayscale received many requests and suggestions from customers before Grayscale launched the AI Fund.
BTC should always receive the majority of investment capital, while the remaining small portion is allocated to altcoins. The AI trend experienced strong growth in 2023 and brought profits to investors, which could be the reason why Grayscale received many requests and suggestions from customers before Grayscale launched the AI Fund.I would agree with you and also say that none of the markets were related to this. But in the future AI revolution is going to happen and for which most of the projects or companies are focusing on AI. Although there are possibilities but risks are equally there because as I said before that when something is more hype then scammer continue their work with that thing so that people fall into their trap after see it. That was also happened to me . So for the new in the AI market, it is better to keep it under observation and invest in the future and even if the investment is done, it should be very small.
I like all trends in the market because they help attract cash flow into crypto, but caution with new trends like AI is still necessary, especially according to many members, the AI trend in crypto market is not really related to AI because it has not yet made a significant contribution to the development of AI. Investors should do it your way: invest a small amount of money before becoming more optimistic and investing more in the uptrend.
AI tokens are a useless classification and I don't think they are related to the current revolution in AI.
Filecoin (FIL) and Livepeer (LPT) are currencies that existed before the idea of AI tokens became widespread.
Grayscale's investments are not an indicator of the success or failure of a cryptocurrency project, but rather a reflection of the investors' own opinions, and in some cases the token was removed after some time.
I would agree with you and also say that none of the markets were related to this. But in the future AI revolution is going to happen and for which most of the projects or companies are focusing on AI. Although there are possibilities but risks are equally there because as I said before that when something is more hype then scammer continue their work with that thing so that people fall into their trap after see it. That was also happened to me . So for the new in the AI market, it is better to keep it under observation and invest in the future and even if the investment is done, it should be very small.I'm not a tech expert, and I only use AI at a basic level for fun in my work. So, I don't fully understand the potential of AI, and the same goes for AI-related projects in the crypto market. I've watched many fundamental analysis videos about these projects, but I don't have enough reasons to go all-in on them.
I'm not a tech expert, and I only use AI at a basic level for fun in my work. So, I don't fully understand the potential of AI, and the same goes for AI-related projects in the crypto market. I've watched many fundamental analysis videos about these projects, but I don't have enough reasons to go all-in on them.Really you don't fully understand what is the potential of AI? Do you know how many people's jobs are going away because of AI? Especially those who work with weak or general skills, the possibility of losing their jobs has increased. However, those with good skills will increase their work speed because they will finish an hour's work in five minutes using AI. AI will actually take the jobs of those who don't know how to use it.
Id really GrayScale is investing in Artificial Intelligence then I'm game. They seem to have an idea what they are talking about investment wise. Look what they did to bitcoin.GrayScale is not like a small group that only focuses on one business. But they have many business plans that will be developed. Artificial intelligence business is one of their plans but they will not focus on just one business. They have a lot of money and it is very easy for them to do whatever they want.
Artificial intelligence has been on the front burner of technology for at least 3 years now. Reason why nVidia shares mooned so much that it became the most valuable stock, overtaking Microsoft and Apple in price
Really you don't fully understand what is the potential of AI? Do you know how many people's jobs are going away because of AI? Especially those who work with weak or general skills, the possibility of losing their jobs has increased. However, those with good skills will increase their work speed because they will finish an hour's work in five minutes using AI. AI will actually take the jobs of those who don't know how to use it.I'm seeing AI being applied everywhere, but I think it's just a regular tech trend, similar to IoT or 5G that we're experiencing. It can help us have better experiences, make work easier, but I don't think AI can significantly improve our labor productivity.
And if you see now most of the big companies starting from the projects like Google, Microsoft they are all focusing on AI. So I don't know why you don't really understand the potential of the AI.
I'm seeing AI being applied everywhere, but I think it's just a regular tech trend, similar to IoT or 5G that we're experiencing. It can help us have better experiences, make work easier, but I don't think AI can significantly improve our labor productivity.There are some sectors that will last a lifetime that AI cannot directly impact. But indirectly, if a translator or content writer performs the work by combining AI and his own skill, then I can definitely guarantee that the quality of the work will be better than a normal as usual translator. And in this place those normal translators will fall behind.
My translation job hasn't been affected by AI, similar to how the role of translators is still important even though Google Translate has become efficient and incredibly popular. AI still has its own limitations and can't replace many positions in society. The same goes for AI-related tokens in the crypto market, we can love AI but still need to be cautious when investing in this trend tokens.
It has become a habit for people in the development of crypto to always look for something that is popular and hyped, quite a few even think that whatever the form and method, the important thing is that we get a profit, then everything will be done.
In fact, if our goal is this, then we can invest in anything, as long as we understand and understand the risks we will face.
We can also assume that, the luck factor is indeed one of the determining factors here. But if we only think so, then we will be lazy to learn.It has become a habit for people in the development of crypto to always look for something that is popular and hyped, quite a few even think that whatever the form and method, the important thing is that we get a profit, then everything will be done.
In fact, if our goal is this, then we can invest in anything, as long as we understand and understand the risks we will face.
But the reality is very different, it's not as easy as turning the palm of your hand to find profits in crypto, even if it's researched in detail, you can still lose, let alone just investing, but it's all based on luck.
We can also assume that, the luck factor is indeed one of the determining factors here. But if we only think so, then we will be lazy to learn.Every investment decision requires a bit of luck to bring win and profit to the investor. AI-trends have also faced skepticism from the crypto community shortly after the launch of ChatGPT and currently, as the market is consolidating and many AI-tokens are decreasing in price significantly.
In Cryptocurreny it is indeed difficult to predict, but if we really understand it then of course we have a greater potential to gain profit here than people who only rely on luck.
I would like to know your views on this event:I am pretty active in the crypto space but have to say that this is the very first time I am coming across this news, and as good as it looks for the general crypto market, I don't find it that much compelling to make me want to invest in any of this tokens that you mentioned, I am currently holding one or two tokens that have something to do with Ai, but none from this list.
Do you think Grayscale AI Fund will have a positive impact on the AI trend in the uptrend?Do you hold any tokens in the Grayscale AI Fund list?Are you inclined to pay attention to these tokens just because they appear in the Grayscale AI Fund?
I am pretty active in the crypto space but have to say that this is the very first time I am coming across this news, and as good as it looks for the general crypto market, I don't find it that much compelling to make me want to invest in any of this tokens that you mentioned, I am currently holding one or two tokens that have something to do with Ai, but none from this list.Investing in tokens recognized by Grayscale is merely a suggestion for reference. Investors are always encouraged to conduct their own research and make decisions to gain more experience in this market. The AI Fund is probably only suitable for traditional investors who are interested in the AI trend in the crypto market but do not want to face difficulties in selecting tokens or self-custodying crypto assets.
But then, if I am going to be investing in any of this tokens mentioned here to be in Grayscale's Ai fund list, I won't be investing because of this news, I will invest strictly and basically based on my own investment principles.
I guess we all should that the fact that this company invested or is investing in this tokes does not make them automatically risk free for investors like you and I.
We can also assume that, the luck factor is indeed one of the determining factors here. But if we only think so, then we will be lazy to learn.It has become a habit for people in the development of crypto to always look for something that is popular and hyped, quite a few even think that whatever the form and method, the important thing is that we get a profit, then everything will be done.Luck is always awaited by many people, but we also have to know that luck will not be easy to get, especially in cryptocurrency. As you said, this exchange is very difficult to predict. So we have to keep trying various trading methods and learn them well so that we can make decisions where we should sell and make a profit.
In fact, if our goal is this, then we can invest in anything, as long as we understand and understand the risks we will face.
But the reality is very different, it's not as easy as turning the palm of your hand to find profits in crypto, even if it's researched in detail, you can still lose, let alone just investing, but it's all based on luck.
In Cryptocurreny it is indeed difficult to predict, but if we really understand it then of course we have a greater potential to gain profit here than people who only rely on luck.
They are on that future proof business for a long time and they also has good reputation in the business industry so I think it's a go for those who are really capable of investing money. For me personally I would love to but I have nothing for now so yeah maybe in the near future if given a chance.We are here trying and I am sure my goal and yours are the same, wanting to get profit for daily needs.
We are here trying and I am sure my goal and yours are the same, wanting to get profit for daily needs.Self-research and project evaluation before investing is necessary, even if we already have information and project assessments from professional fundamental analysis teams. This can help us develop the ability to select projects in the future and not be dependent on any team or individual.
If indeed there is currently no money to invest then we invest whenever, the important thing is when we want to invest we must first do research on the coins we are going to invest.
I would like to know your views on this event:1. I don't think Grayscale AI Fund is going to have a positive impact on these AI tokens for long term, News is around 15 days old so it means if the prices had pumped due to this news it would be 15 days ago as well when the news came out.
- Do you think Grayscale AI Fund will have a positive impact on the AI trend in the uptrend?
- Do you hold any tokens in the Grayscale AI Fund list?
- Are you inclined to pay attention to these tokens just because they appear in the Grayscale AI Fund?
Of all the coins you mentioned, I'm interested in buying RNDR and NEAR. I see a lot of potential in these two, or maybe it's just because I follow them closely. Either way, I plan to keep buying these coins over time.Currently, NEAR is ranked 20th on Coinmarketcap, with a price of approximately $4 or an increase of 1% from the previous period. For the long term, it seems like a good coin, but we should not go all in on this coin if we want to invest. We can choose two or three more coins that are ranked better, hopefully you are lucky.
Currently, NEAR is ranked 20th on Coinmarketcap, with a price of approximately $4 or an increase of 1% from the previous period. For the long term, it seems like a good coin, but we should not go all in on this coin if we want to invest. We can choose two or three more coins that are ranked better, hopefully you are lucky.NEAR was very popular in the previous season thanks to its sharding technology, which could not be implemented for Ethereum, and a strong price surge to 20 USD. The correction in the crypto winter may have caused concern for many investors, but Near itself is still being upgraded and developed strongly thanks to abundant capital.
You guys have made a good point because if they will start their own AI platform based on crypto then that AI project will grow quickly but they don't have to buy these AI-based tokens if they have plans to start their own AI platform.Id really GrayScale is investing in Artificial Intelligence then I'm game. They seem to have an idea what they are talking about investment wise. Look what they did to bitcoin.GrayScale is not like a small group that only focuses on one business. But they have many business plans that will be developed. Artificial intelligence business is one of their plans but they will not focus on just one business. They have a lot of money and it is very easy for them to do whatever they want.
Artificial intelligence has been on the front burner of technology for at least 3 years now. Reason why nVidia shares mooned so much that it became the most valuable stock, overtaking Microsoft and Apple in price
Currently, the competition of cryptocurrency is very tight, if a Blockchain or network does not provide good service then it is certain that people will leave it.Currently, NEAR is ranked 20th on Coinmarketcap, with a price of approximately $4 or an increase of 1% from the previous period. For the long term, it seems like a good coin, but we should not go all in on this coin if we want to invest. We can choose two or three more coins that are ranked better, hopefully you are lucky.NEAR was very popular in the previous season thanks to its sharding technology, which could not be implemented for Ethereum, and a strong price surge to 20 USD. The correction in the crypto winter may have caused concern for many investors, but Near itself is still being upgraded and developed strongly thanks to abundant capital.
I hope that with its participation in the AI trend, NEAR will soon be back in the portfolios of many investors and experience impressive price increases, affirming its value and position in this fierce market.
Currently, the competition of cryptocurrency is very tight, if a Blockchain or network does not provide good service then it is certain that people will leave it.Near blockchain has a speed of only 118 tps but can be scaled further thanks to its powerful sharding technology. What I love about Near is not just the speed but the flexibility in the technology that Near is owning and developing. Unfortunately, we don't have many projects in the Near ecosystem to be able to verify the power that Near can achieve.
One of the services for example is fast transactions and of course with cheap transaction costs, then good and guaranteed security.
Things like that will affect the great trust of investors, and I hope NEAR can also provide these services.
So that NEAR is able to return to its best price.
Currently, NEAR is ranked 20th on Coinmarketcap, with a price of approximately $4 or an increase of 1% from the previous period. For the long term, it seems like a good coin, but we should not go all in on this coin if we want to invest. We can choose two or three more coins that are ranked better, hopefully you are lucky.NEAR was very popular in the previous season thanks to its sharding technology, which could not be implemented for Ethereum, and a strong price surge to 20 USD. The correction in the crypto winter may have caused concern for many investors, but Near itself is still being upgraded and developed strongly thanks to abundant capital.
I hope that with its participation in the AI trend, NEAR will soon be back in the portfolios of many investors and experience impressive price increases, affirming its value and position in this fierce market.
Honestly, I don't really study NEAR, but I like to buy coins that are currently Hype. Maybe NEAR Hype is currently decreasing, but I believe this coin has good potential. Especially if it continues to experience better changes, and continues to adjust to developing technology.Currently, the competition of cryptocurrency is very tight, if a Blockchain or network does not provide good service then it is certain that people will leave it.Near blockchain has a speed of only 118 tps but can be scaled further thanks to its powerful sharding technology. What I love about Near is not just the speed but the flexibility in the technology that Near is owning and developing. Unfortunately, we don't have many projects in the Near ecosystem to be able to verify the power that Near can achieve.
One of the services for example is fast transactions and of course with cheap transaction costs, then good and guaranteed security.
Things like that will affect the great trust of investors, and I hope NEAR can also provide these services.
So that NEAR is able to return to its best price.
With the recent panic over altcoins in the market, I think we'll need more time to see the explosion of the AI trend, especially when AI projects in the market like ChatGPT or Gemini haven't had major breakthroughs since they were introduced. However, in a society that loves AI, I think AI tokens will still receive cash flow and increase in price soon!
Honestly, I don't really study NEAR, but I like to buy coins that are currently Hype. Maybe NEAR Hype is currently decreasing, but I believe this coin has good potential. Especially if it continues to experience better changes, and continues to adjust to developing technology.From technological standpoint, I believe Near can serve many user needs, especially with the flexibility of new programming languages like Rust, allowing the Near team to continuously upgrade their blockchain easily to meet new demands, such as the AI trend.
I believe that later it will become a crypto coin that is able to compete at the top, with opponents who are certainly better.
Currently, the competition of cryptocurrency is very tight, if a Blockchain or network does not provide good service then it is certain that people will leave it.Currently, NEAR is ranked 20th on Coinmarketcap, with a price of approximately $4 or an increase of 1% from the previous period. For the long term, it seems like a good coin, but we should not go all in on this coin if we want to invest. We can choose two or three more coins that are ranked better, hopefully you are lucky.NEAR was very popular in the previous season thanks to its sharding technology, which could not be implemented for Ethereum, and a strong price surge to 20 USD. The correction in the crypto winter may have caused concern for many investors, but Near itself is still being upgraded and developed strongly thanks to abundant capital.
I hope that with its participation in the AI trend, NEAR will soon be back in the portfolios of many investors and experience impressive price increases, affirming its value and position in this fierce market.
One of the services for example is fast transactions and of course with cheap transaction costs, then good and guaranteed security.
Things like that will affect the great trust of investors, and I hope NEAR can also provide these services.
So that NEAR is able to return to its best price.
Rich people with experience in speculating will always get profit, because they have big capital in investing. While we are only small investors, collecting small profits to increase assets or using the profit for living expenses. If we have big capital and have time to focus on crypto, maybe we can get a lot of profit.Currently, the competition of cryptocurrency is very tight, if a Blockchain or network does not provide good service then it is certain that people will leave it.Currently, NEAR is ranked 20th on Coinmarketcap, with a price of approximately $4 or an increase of 1% from the previous period. For the long term, it seems like a good coin, but we should not go all in on this coin if we want to invest. We can choose two or three more coins that are ranked better, hopefully you are lucky.NEAR was very popular in the previous season thanks to its sharding technology, which could not be implemented for Ethereum, and a strong price surge to 20 USD. The correction in the crypto winter may have caused concern for many investors, but Near itself is still being upgraded and developed strongly thanks to abundant capital.
I hope that with its participation in the AI trend, NEAR will soon be back in the portfolios of many investors and experience impressive price increases, affirming its value and position in this fierce market.
One of the services for example is fast transactions and of course with cheap transaction costs, then good and guaranteed security.
Things like that will affect the great trust of investors, and I hope NEAR can also provide these services.
So that NEAR is able to return to its best price.
Well, what you said is true, and the NEAR coin also looks like it will show good performance when the Bitcoin rally starts. It's also one of the things you can see if it's a good hold in this bull season.
It's also good because what it's doing in the market is actually good, and its whale investors are also not a joke to be considered. That's why it's always said that the rich who have a lot of money always win. But always invest at your own risk and do your own research.
Well, what you said is true, and the NEAR coin also looks like it will show good performance when the Bitcoin rally starts. It's also one of the things you can see if it's a good hold in this bull season.Sometimes I think Grayscale is just an organization run by whales: Grayscale creates funds like Staking or AI to fuel the FOMO for tokens that whales hold a lot of after they've been continuously accumulating during the crypto winter. However, this is just a conspiracy theory, Grayscale might just be trying to provide financial products that meet customer needs to earn asset management fees.
It's also good because what it's doing in the market is actually good, and its whale investors are also not a joke to be considered. That's why it's always said that the rich who have a lot of money always win. But always invest at your own risk and do your own research.
Near is very hype because there is an airdrop that uses NEAR as one of the tokens that can be used to upgrade equipment in the airdrop. Digital currency technology will always be created including the development of this NEAR project. We just need to make good use of this coin to get as much profit as possible.Honestly, I don't really study NEAR, but I like to buy coins that are currently Hype. Maybe NEAR Hype is currently decreasing, but I believe this coin has good potential. Especially if it continues to experience better changes, and continues to adjust to developing technology.Currently, the competition of cryptocurrency is very tight, if a Blockchain or network does not provide good service then it is certain that people will leave it.Near blockchain has a speed of only 118 tps but can be scaled further thanks to its powerful sharding technology. What I love about Near is not just the speed but the flexibility in the technology that Near is owning and developing. Unfortunately, we don't have many projects in the Near ecosystem to be able to verify the power that Near can achieve.
One of the services for example is fast transactions and of course with cheap transaction costs, then good and guaranteed security.
Things like that will affect the great trust of investors, and I hope NEAR can also provide these services.
So that NEAR is able to return to its best price.
With the recent panic over altcoins in the market, I think we'll need more time to see the explosion of the AI trend, especially when AI projects in the market like ChatGPT or Gemini haven't had major breakthroughs since they were introduced. However, in a society that loves AI, I think AI tokens will still receive cash flow and increase in price soon!
I believe that later it will become a crypto coin that is able to compete at the top, with opponents who are certainly better.
Near is very hype because there is an airdrop that uses NEAR as one of the tokens that can be used to upgrade equipment in the airdrop. Digital currency technology will always be created including the development of this NEAR project. We just need to make good use of this coin to get as much profit as possible.I'm not aware of any airdrops within the Near ecosystem. Perhaps it happened back in 2020 or during the recent wave of new projects but didn't really stand out in the media, especially when many airdrops from L2 ecosystems and Solana were mentioned and became quite popular. Near's most recent major update was related to NEAR ETP from Valour and NEAR AI, although it doesn't seem to have had any significant impact on the NEAR price in the market.
I see that the market is filled with AI coins. There are a large number of these coins. There are even three AI coins: OCEAN, AGIX, and FET. These tokens were merged to form one global AI token (ASI). I do not know what the benefit of this merger is? Is there really a super AI project or just a name? But at least it mitigates the large numbers of AI coins.
In fact, some of these coins have good projects, but many of these coins have nothing to do with AI except in name and do not have any real project, but they rode the wave and exploited the name of AI to get good promotion.
That's what I'm thinking too. Although this year the AI coins made a noise in the crypto space, after a month passed, they suddenly became quiet in the market, but maybe it's only temporary and it will suddenly make noise again when it starts rallying the Bitcoin price in the market.Compared to most tokens in the crypto market, AI-tokens have seen a truly strong recovery and growth throughout 2023. Many tokens have created new ATHs, and the current adjustment is completely reasonable and normal. They are not forgotten, and the AI-trend continues to exist in this market as the AI race of tech giants is still going on vigorously.
A lot of AI has come out in this era, not only in the crypto space but also in other things, such as various apps that include AI features. But for the ones you mentioned about AI, I'm still having second thoughts about that, to be honest.
I see that the market is filled with AI coins. There are a large number of these coins. There are even three AI coins: OCEAN, AGIX, and FET. These tokens were merged to form one global AI token (ASI). I do not know what the benefit of this merger is? Is there really a super AI project or just a name? But at least it mitigates the large numbers of AI coins.
In fact, some of these coins have good projects, but many of these coins have nothing to do with AI except in name and do not have any real project, but they rode the wave and exploited the name of AI to get good promotion.
That's what I'm thinking too. Although this year the AI coins made a noise in the crypto space, after a month passed, they suddenly became quiet in the market, but maybe it's only temporary and it will suddenly make noise again when it starts rallying the Bitcoin price in the market.
A lot of AI has come out in this era, not only in the crypto space but also in other things, such as various apps that include AI features. But for the ones you mentioned about AI, I'm still having second thoughts about that, to be honest.
Everybody tries to ride the hype train, even if they don't have something to show for it ;D It's the nature of the market, really.Everyone participates in the market to seek profits and growth. The truly attractive growth on AI tokens price chart makes them want to invest in these tokens. They are both the result and the cause of the AI trend boom in the crypto market. And as with any other trend, the number of people who profit is always smaller than the number of people who lose.
Everybody tries to ride the hype train, even if they don't have something to show for it ;D It's the nature of the market, really.Everyone participates in the market to seek profits and growth. The truly attractive growth on AI tokens price chart makes them want to invest in these tokens. They are both the result and the cause of the AI trend boom in the crypto market. And as with any other trend, the number of people who profit is always smaller than the number of people who lose.
Unlike other hype trends related to lending or memecoins in the past, the AI trend seems more sustainable because many large projects have emerged and are actually contributing value to the development of AI through hardware systems or AI solution trading markets. I hope the AI trend will continue to exist to make the crypto market more diverse and give investors more options.
Yeah, they bring more utilities to the table than the memcoins, of course, but there are still many scams. I hope your words are right and they (the AI-themed projects) will become better with time.Thanks to the AI trend in the tech world, we've seen a surge in new AI projects, or existing ones repositioning themselves as AI-related in the crypto market. While I haven't been closely following their development, it seems there haven't been as many rug-pulls or scams as in the memecoin trend.