The article discusses the recent surge in the price of AI crypto tokens following the release of OpenAI’s Chat-GPT4. Are we witnessing a shift toward AI in the tech and crypto industry?
AI(Artificial Intelligence) crypto tokens have received a significant surge in price after OpenAI released its latest AI project, ChatGPT4, to the public. It seems that the new narrative in tech is AI, and investors are betting big on it. The release of the AI-powered chatbot has triggered a bullish sentiment in the market, and the price of AI crypto tokens has skyrocketed.
According to CoinGecko’s data, the gains in AI-powered tokens were far higher than the rest of the market. Tokens such as SingularityNET’s AGIX pumped by 25% overnight alongside $NMR and more with more than a 10% gain in value since the update.
This hasn’t been the first time we’ve seen a surge in AI tokens this year. Just this February, AI tokens surged after news of Google’s investment into Anthropic, an AI research company. The company is using the fund to develop its AI systems.
Based on Speculation?
However, some experts have raised concerns that the gains could be highly speculative. It is essential to note that the cryptocurrency market is highly volatile and can be affected by many factors. While the market is bullish at the moment, things could quickly turn bearish at any moment’s notice.
Elon Musk, who is known for his tweets on cryptocurrencies(especially on dog-themed meme coins), has also shifted his focus from meme coins to AI. In recent tweets, Musk has shared AI-themed news and AI-themed memes, showcasing the growing audience of AI in the eyes of many.
The release of ChatGPT4 has been a significant milestone for OpenAI. The AI-powered chatbot has been trained on an enormous dataset of texts, making it one of the most advanced AI chatbots in the world. The chatbot has evolved to include advanced analysis of images, making it a valuable tool for many professionals and even companies.
The market’s response to ChatGPT4 has been overwhelmingly positive, with many investors seeing the potential of AI-powered technologies. The surge in AI crypto tokens shows that investors are bullish on the future of AI and how it can transform many industries.
While the gains in AI crypto tokens have been significant, investors need to be cautious when investing in cryptocurrencies. The market is highly volatile and can be affected by many factors, including regulatory changes, economic conditions, and global events.
The release of ChatGPT4 has triggered a bullish sentiment in the market, causing the price of AI crypto tokens has skyrocketed.
The surge in AI-powered tokens shows that investors are bullish on the future of AI, riding the hype train due to many influences from icons and high-profile investors.
As always, investors need to be cautious when investing in high-profile waves and movements. It’s important to base investing decisions on fundamentals and sound analysis.
Edmond is a passionate writer for Video games, GameFi and Web3. He has worked for top GameFi companies and video game/crypto news websites.