Are you ready to invest in the Grayscale AI Fund's tokens?

[KryptoBull]

The AI trend exploded after the launch of ChatGPT ^[1] and brought about a strong price increase of many tokens in the crypto market such as RNDR, FET, ARKM, OCEAN... Although the AI trend has cooled down, it is still expected to be one of the important trends and lead the crypto market into an uptrend and altseason.

Grayscale, a leading digital currency asset manager, recently recognized the potential of AI in the crypto space by launching a new fund specifically focused on AI-powered tokens. Grayscale AI Fund invests in the tokens of blockchain protocols that are utilizing AI in innovative ways: Near (NEAR), Render (RNDR), Bittensor (TAO), Filecoin (FIL) and Livepeer (LPT). ^[2]

The prices of the tokens in this list have increased impressively after this news was announced on crypto media, reaffirming the positive impact of Grayscale AI Fund and showing that many investors are still watching Grayscale to get ahead of major trends in the crypto market.

I do not invest based on other people's advice, but I have just added NEAR, RNDR, TAO, FIL, and LPT to my watchlist to be ready to apply technical analysis to their price charts.

I would like to know your views on this event:

• 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?

References:
[1] The AI Trend In Crypto: Best Altcoins And Deep Learning Models
[2] Grayscale Launches Artificial Intelligence-Focused Crypto Fund; AI Tokens Gain
Note:

• My opinion has been presented in a topic, on BitcoinTalk forum.
• This topic on AltcoinsTalks forum has included a minor change in the way my opinion is presented.
• This statement is to avoid accusations of plagiarism.

[pakhitheboss]

Big companies are venturing into AI without being part of the crypto space. I don't think such a fund will bring cheers to the market as it is managed by Grayscale. As you have said correctly it is better to keep am eye on those projects before investing in them. As of now the crypto market narrative is focused on Bitcoin, ETH and meme coins. I think it will remain unchanged for the time being.

[hugeblack]

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.

[MrSpasybo]

I would like to know your views on this event:

• 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?

1. I think the launch of the AI Fund could help bring the AI trend back sooner and lead the market into bullrun.

2. I have NEAR in my portfolio, I hope that the NEAR price will increase strongly in the next few months and bring high profits to all holders.

3. If interested in AI, investors may focus on following projects that provide AI-related services such as FET and RNDR instead of native tokens of blockchains such as NEAR and FIL. But this also helps us understand Grayscale vision for the development of Ai on blockchain platforms that can support AI management or deployment tasks.

[Stompix]

AI tokens are a useless classification and I don't think they are related to the current revolution in AI.

Reminds me of this:
There is no such thing as AI coins, sorry, but there is not!

Filecoin (FIL) and Livepeer (LPT) are currencies that existed before the idea of ​​AI tokens became widespread.

Maybe they are going with a re-branding?
I don't remember if it's the one but Elrond went from coin to defi to Metaverse (changing name) and is now going for web3?

Also, wasn't Render launched somewhere in 2017 also?

[yhiaali3]

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.

[target]

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.

[pieppiep]

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.

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.

[TomPluz]

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 am thinking of the same. I already know most of those platforms above even before AI exploded on the scene and even if they all adopted AI as part of their strategy still I don't beleive that they will be the leading names when we talk on AI...actually so far I don't see one that can claim to be one. Now, for Grayscale, everything is all about making money and if they happen to see big potential on these coins so be it...now it is all up to anyone either to follow the lead or just shrug the shoulder. Admittedly, this can be helping a lot the coins/tokens supported by Grayscale though this can just be for the near-term. And no am not into them.

[hugeblack]

Reminds me of this:
There is no such thing as AI coins, sorry, but there is not!

+1 great topic and I will use it as a reference for everyone who claims to invest in AI tokens.

[Vx1]

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.

[Wiwo]

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.

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.

AI is thought to be an innovation that solves many problems in the global technology space, some think its usage will give a better chance for tokenisation to be successful which is not what it is in reality.

[Lucius]

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.

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.

[Stompix]

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.

It's not really entirely their fault, and most of those didn't just get dumped on the market, it's just that Grayscale had the worse fees of all, sometimes even 6 times bigger than ProShare for example and before the approvals Grayscale was trading at a discount, so with a bit of accounting moving between those would get you a 5% a year, so much of the money outflow from Grayscale has just come back to others, but with other same clients.


 

[KryptoBull]

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.

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.

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.

Currently, AI is still a major trend in the market and crypto is no exception. Many tokens in the AI trend have experienced strong growth, even though I don't even understand the connection between their solution and AI. GrayScale is simply introducing a financial product for their customers to participate in, we may not participate but we cannot oppose or condemn them.