After the introduction of ChatGPT, have AI crypto assets increased in value? The charts seem to show that the value of AI coins has decreased.
After the release of OpenAI’s ChatGPT in November of last year, it seems that the cryptocurrency market has formally accepted a new category: AI crypto assets. Yet, it seems that reductions are now in order based on pricing patterns.
The pricing trend of AI cryptocurrencies since ChatGPT’s introduction
OpenAI’s ChatGPT’s release seems like the formal beginning of a new cryptocurrency category: AI crypto assets.
ChatGPT is not the first to be introduced; rather, it is the one that has garnered the most attention from the crypto-community.
In reality, according to Tradingbrowser’s data, the introduction of ChatGPT and the large search traffic for AI crypto on Google are related. However, last week’s introduction of the new ChatGPT 4 model, which can manage both text and graphics concurrently in a conversational fashion, created a splash.
In particular, terms like “AI Coin,” “Fetch AI Crypto,” “AI Crypto Projects,” “AI Crypto Prediction,” and “AI Crypto Token” have shown up in Google searches pertaining to the area of AI crypto.
Even still, the price of the most valuable AI crypto assets has dropped by up to 70%, 80%, or even 95% from their all-time high, or ATH, despite the substantial demand (All-Time High).
This may make it possible for investors who want to become involved to purchase AI crypto assets, even at a discount.
The Graph, SingularityNET, and other AI-related cryptocurrencies
Several of the top 100 cryptocurrencies by market size that are specifically related to the field of artificial intelligence have seen considerable increases since last November. Fetch.ai (FET) had a +407% boost, The Graph (GRT) saw a +135% spike, and Ocean Protocol (OCEAN) saw a +200% increase.
Yet as of the writing of this article, it doesn’t seem like the present situation is the same. In fact, this is the current scenario when the price in November 2022 is taken into consideration.
GRT, for instance, is down 95% from its ATH but still up +135% since November. The cost of GRT is currently $0.15. Similarly, SingularityNET (AGIX) has lost 74% of its value since its peak, albeit as of right now, it seems to have gained 22% of that value since last November.
Following the ranking, it is simple to notice that Ocean Protocol (OCEAN), which is at -79% from its ATH, and Fetch.ai (FET), which has lost -63% compared to its ATH.
In this respect, Tradingbrowser’s Daniel Larsson stated:
For investors prepared to adopt a long-term mindset, AI crypto assets give an attractive prospect. While some investors may be concerned about short-term volatility, AI has the ability to disrupt many industries, making it a lucrative investment prospect.
Investors that are prepared to do due research and find viable crypto AI initiatives may be in a good position to make big profits in the years to come.
Pump from AGIX from last week
As was already reported, with the past week’s release of ChatGPT 4, several AI cryptocurrency assets, including AGIX’s pump, seem to have seen price increases.
And it is true that AGIX increased from $0.31 on March 12 to $0.54 on March 15 and $0.58 on March 18 for a gain of over two times in only a week.
Google, the dominant search engine, has also been discussing AI technologies in addition to ChatGPT 4. In fact, Gmail and Google Documents are anticipated to be the first Google products to integrate AI.
Of course, there is a lot of conjecture online, particularly when it comes to hot themes. Also not an exception is AI crypto. In reality, it seems that crypto firms using AI are progressively learning how difficult it is to combine blockchain with AI.
