Tokens such as FET, OCEAN and IMGNAI have more than doubled in the past few weeks as crypto traders bet on the AI hype. Here's what analysts say is driving outsized growth. By shauryamalwa
Much of the recent surge in AI tokens emerged after the public launch of chatbot ChatGPT and image generation software Dall E in mid-2022. Both are traditional software that do not use cryptocurrencies or blockchain and were launched by OpenAI, which recentlySuch institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector.
Aditya Khanduri, head of marketing at Biconomy, takes a milder approach: “I believe that the current AI trend is still pretty speculative, leading to a jump for tokens like OCEAN, ALI, AGIX. Some of the tokens with more buzz and followings have pumped and it's less about the actual tech behind it.”
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