Tesla CEO Elon Musk’s influence in the cryptocurrency market has shifted from meme coins like Dogecoin to artificial intelligence coin projects. The last clue in Musk’s posts made supporters of an artificial intelligence coin happy.
The new focus of attention of the Tesla CEO is the field of artificial intelligence!
cryptocoin.com As you follow, the famous billionaire Elon Musk has been meeting with AI (artificial intelligence) researchers recently. This led to speculation that OpenAI, of which Musk is also a co-founder, is creating an alternative to ChatGPT. Following these news, the crypto market is again looking for subtle clues for AI coins from the Tesla CEO’s latest tweet. Elon Musk’s latest tweet is far from actually hinting at a specific crypto market. However, just as its association with the meme coin Dogecoin (DOGE) has fueled speculation, the AI coin projects that it is now interested in are also benefiting from it.
As you know, the AI coin category in the market has become a popular trend lately after the instant success of ChatGPT and the hype around AI related products. AI-related cryptocurrencies such as The Graph (GRT), SingularityNET (AGIX), and Fetch.ai (FET) have gained immense value recently with the success of ChatGPT. As such, the market felt that cryptocurrencies working on AI-based use cases could be forward-looking.
Elon Musk tweet bottomed, AGIX price went up!
Tesla CEO Elon Musk said in a recent statement that he used to be in crypto but is now becoming interested in artificial intelligence. This led to speculation that AI coins might be of interest to him. Following this, Musk’s latest tweet sparked more speculation from the crypto market, though the clue was not entirely clear. Musk has shared a photo that talks about “In The Singularity”, which has sparked interest in the now popular artificial intelligence coin, SingularityNET (AGIX).
Something should be done pic.twitter.com/17mp4XdMI0
— Elon Musk (@elonmusk) March 4, 2023
The SingularityNET project is also closely related to the Cardano ecosystem. This post by Elon Musk triggered an hourly increase of around 1% in AGIX price while the crypto market was generally in the red zone. At press time, the AI coin was trading at $0.4728, up 3.66% on a daily basis.
AGIX daily price chart / Source: CoinMarketCapMeanwhile, despite the ongoing FUD in the crypto ecosystem around Silvergate, the AGIX token price has surged over 11% in the past week compared to the 3% drop in Bitcoin price over the same period.
