AI crypto platforms and their native tokens are trending as traders predict artificial intelligence to be the next big thing in blockchain alongside the explosion in popularity of OpenAI’s ChatGPT, generative AI and similar technologies. Are they right?
AI Crypto Predictions from Traders
This month analyst Bleeding Crypto, who has 63k followers, tweeted:
I believe AI will be the next hype of the 2024 / 2025 cycle so we need as much information on those projects and to get in while they are a few Satoshis.
Muro also posted a nine tweet thread for his 242k followers earlier in January:
In December 2022 popular influencer Crypto Bitlord tweeted to his 235k followers:
Get into every coin doing anything with AI right now.
Crypto Tony also posted a list of tokens he predicts could be top AI coins to watch as artificial intelligence is going to be ‘a big catalyst for the next crypto bull run‘.
Jacob Bury (@BuryCrypto) referenced a PwC study estimating that the AI market will be valued at over $10 trillion by 2030.
FET Price Explodes
While it is still 87% down from its September 2021 all-time high, Fetch.ai (FET) has been making headlines for its recent pump, rising 45% in December followed by a further 78% move so far in 2023 at the time of writing.
That was followed by similar mini bull runs for some other Binance AI coins like RLC, up 15% this month, and OCEAN, up 27% this month.
Some lesser known AI crypto assets have also exploded on KuCoin and Uniswap, such as Multiverse (AI), Vai (VAI), Image Generation AI (IMGNAI) and others.
Are AI Coins a Bubble
AI crypto assets do have their skeptics, and some traders are cautious.
Ninja (@Ninjascalp) warned his 182k followers:
Tech never mattered… the good tech in crypto doesn’t even get used. People follow hype / liquidity… it’s all one fat ponzi.
Cevo this week predicted crypto AI will take a few more years to ‘make sense’ and…
