Is the AI crypto token category already a thing in the digital assets market? How much of it is hype vs reality of AI usage in crypto?
AI data encryption tokenAI token is a new buzzword in the login password market. The value of such tokens has risen rapidly, making people feel like the Memecoin rebound in 2021. Although most of the heated discussion is due to the rapid development of ChatGPT and the advent of program-based artificial intelligence, login password traders must be careful when choosing projects to invest in cryptocurrencies because of artificial intelligence elements. Fundamentally, investors should take a different view on the new login password project, because it does use artificial intelligence in a valuable way.
What is an AI token?
Many people believe that cryptocurrencies that rely on AI technology to expand for various purposes are called data encryption tokens based on AI. But behind the hot spots surrounding the coin, traders face the danger of dressing up as tokens based on artificial intelligence. Looking forward to the future, it is likely that to some extent, the development of artificial intelligence technology can give impetus to these new login password projects with less manual control. As a result, the vast majority of such artificial intelligence tokens are still in hot progress before they can be overloaded.
Recently, tokens like Graph (GRT) and SingularityNET (AGIX) have evolved into a variety of forms, taking advantage of the buzz behind artificial intelligence in the login password market. In fact, there has been a surge in interest in precise traffic in technical terms such as "data encryption artificial intelligence" in the past few weeks.
Is the Bitcoin market intact?
Like every new type of cryptocurrency, questions have been raised about the market share of BTC if artificial intelligence token types erode the alternative coin market. But Bitcoin has been growing because of its strong fundamentals and its use of the concept of "use value storage". As can be seen in the recent market events that revolve around the views of Jerome Jerome of the Federal Reserve, the macroeconomic environment once again determines Bitcoin.
In terms of the proportion of the total market capitalization of the key cryptocurrencies, Bitcoin has maintained a 40% dominance over the past two years.