AI Focused Crypto The Next Bull?

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AI Focused Crypto The Next Bull?

Event though ChatGPT seemed to take the spotlight there's countless other projects that have been going on. Mainly writing and art is what we hear about but did you know there's a whole side of Crypto AI as well?

In this article I'm going to go over what AIR cryptos are and how they are playing a part in the crypto rally happening at the moment. I'll also select a few to go over in more detail just to give ideas as to what it means for a crypto to be AI based. Of course this article is not finical advise and is for entertainment purposes only.

Comparing

Even though it seems like Bitcoin has been on a nice right it drastically pales in comparison to some of these other AI focused tokens. These tokens while they had their spike rallies are still holding new highs in most cases 50%+ let's take a look at a few.

Singularity NET

This token is used to monetize AI services. By publishing their services they can earn the native token AGIX
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Fetch.ai

Is currently in the development phase for AI for services.
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*Sorry you know someone had to do it!

Ocean Protocol

Sets up systems to allow for discover and consume data in a decentralized manner.
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iExec RLC

Out of all of them this one gets me the most excited. The ability to share processing power with the world and get rewarded for it is something I always loved and thought crypto really should be. Gridcoin @@@vortac Does this but just never really found the groundwork to really pull it off yet.

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The Graph

I caught wind of this project months ago and while it looked great I didn't invest. Sure I'd be up about 400% right now lol but at the time it just didn't seem like much. Now it's become the primary AI crypto token and is paving the way for AI focused everything.

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My Thoughts

With anything buzz worthy like AI is right now it leads to lost of FOMO and overpricing of assets. This is most likely what we are seeing now as people pile in on projects and hope. There's not all that much to many of these projects so far and little demand for them as well. However if one becomes the next ChatGPT craze it would pay off well. Overall it's a market I wont be investing heavily in unless there is a reason to such as the price seems reasonable and there's a good project behind it all.

We will most likely see many new AI projects and junk projects that just slap on AI at the end to get in on the hype.

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6 comments
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the other day @taskmaster4450 made a post about Tesla and I mention that AI stocks or crypto will be the new fugazi of the market, same as when crypto was booming and companies started to add "crypto" to their name just to pump it up I think it will be the same for AI, thx for sharing ✌️

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oh for sure, but out of that will come a few high quality legitimate projects it's always the same cycle.

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I thing the sector that will skyrocket and outperform everything in the next bull run is probably not yet discovered. But AI will be the main focus for this year

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Right now I think it's mostly hype I'm not seeing all that much impressive coming out of AI just yet.

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