Cryptocurrency and AI, rising trends?


You’ve noticed, AI Tokens are booming. A small comparison of the different assets to understand long and medium-term trends. It is also an opportunity to compare the price performance of its different cryptocurrencies.

Small disclaimer: this article is not investment advice. The only guarantee with cryptocurrencies is risk.

 

I see there are a lot of crypto AI projects. It’s a good bet that many crypto end up dying. Do you doubt? Here is the list of all AI-related tokens.

7da96f46041374ec9bd531568fad886f96a0db54e78e7c4310704391b57773ae.png

67e904ccaeb211322891e4e8c51333206484196deb86bcf0aadde862d6108298.png

2d52d6d28add0999cd06cbec11018e6b8567b378bd048c7f11699c2ed538906f.png

7abb3ff1ef3e58a5017eaa531724ac602160afaa5ebfb617e3cb3aa48c8156a4.png

40ca51958d6f59f9c137348f0aa421b062e788b3b7b9180ff57fa3074e47d234.png

a37a7f7437121c7630960b56c9d6dc9a3a3e995d8e6829a9c89e69bc9094b4c2.png

b0465a57da6ffb67d49ddb240b567fce682cac5e82b6188ed45fbb691b4734e7.png

https://www.coingecko.com/fr/categories/artificial-intelligence

You will understand, with so many assets in this market, it is hard to believe that there will be room for all cryptocurrencies claiming artificial intelligence. The 5 market leaders give us strong indications of trends in this market. Let’s look at the 5 Industry Champions. Together, they represent a market of more than $10 billion.

But first of all, what is crypto AI? Faced with the development of artificial intelligence by large groups such as Google or Microsoft, the idea was born that too much centralization of its technologies could create problems of overcentralization of this industry. The power and capabilities of AI could be in the hands of some of the world’s most powerful corporations or governments. Decentralization of these technologies ensures universal access to this technology. The potential is therefore enormous, but the risk associated with this new industry is equally great. For the past year, we have been able to observe a generalized increase in this type of assets. However, the alt season has not begun, what is happening? To understand this, we will look at the price evolution of the top 5 of these cryptocurrencies.

 

  • Near protocol (Near)

9fc8e33325af147fe38e95fabb7ed2fc2485d9ecdae4313456a47b942da01b9b.png

  • Bittensor (TAO)

f47451dfe253241c00d3df65335c2843ebbc475d851fc5cfa88293d69e0257e8.png

  • Artificial Superintelligence Alliance (FET)

fd75ee1bdb4e061f61ee3d165d6e4dc44b5b5a0a795f3e6f3ed5b01476539140.png

  • Internet Computer (ICP)

da3271d0b0aca9daaa4700d4ebc4aa127a6d481b1e16ba1517d6d56eb0d8d9e4.png

  • Render (Render)

1e40c3c42d1c109948d1d520e465426223eee7c149412cbe735a88bb1e792a5f.png

The figures do not lie, since 1 year these cryptocurrencies have experienced a strong increase, in fact their potential use in DApps making them very attractive. The theme of AI is also experiencing a hype in the centralized economy, no wonder to see such performances. Yet these projects are only at the beginning and the lack of concrete applications in the daily lives of users must invite caution before investing.

Altcoins are not taking off, but crypto AI is following the course of Bitcoin, announcing an altcoin season like no other? The lack of hindsight on these projects does not allow us to draw sufficiently solid conclusions. The only certainty is that these assets will be at the heart of future speculation in case of a bullrun.

How do you rate this article?

10


Galaxie Crypto
Galaxie Crypto

Crypto lover


Galaxie Crypto (ENG)
Galaxie Crypto (ENG)

This blog is the English version of my initial bolg. The visibility of my blog in French is very limited. My goal in this blog will be to popularize or condense information about cryptocurrencies. If I make mistakes in English, please help me improve! Let me know in the comments.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.