Artificial intelligence -supported tokens of the crypto world are experiencing a big decline. The AI Agent tokens have lost 50 %since the beginning of the year, erasing almost half of the market value since the beginning of the year. The Loser AI Token investors are waiting for a new growth stage…
AI token market collapse: Most token approached zero
Artificial intelligence -oriented crypto projects, which reached a market value of $ 10 billion in January, have been in a serious decline since then. 90 %of the crypto currencies connected to these projects decreased to almost zero and the transaction volume greatly decreased to a great extent.
AI crypto projects aimed to develop systems that could analyze the crypto market, make purchases and sells and make investment decisions without the need for human intervention. However, most of these projects could not create the expected effect.
Artificial Intelligence Supported Crypto Projects did not meet expectations
The defenders of AI Token claimed that this technology could make better decisions than people and manage crypto projects more efficiently.
However, breast coins has become the most popular usage area of AI tokens.
For example, a AI boat project called Terminal of Truths attracted great attention on social media and was associated with a viral breast coin called Goatseus Maximus (Goat) created by an anonymous developer. However, the value of Goat Token fell almost completely completely melted by 91 %from $ 1.2 billion, the summit point.
This shows that AI Token projects were initially supported by a major social media and breast coin frenzy, but such projects were not built on a solid foundation in the long term.
Is there hope in the market?
Despite the collapse in the industry, some analysts think that artificial intelligence -oriented token may experience a huge rise in the future.
Tom Ngo, one of the managers of Metis Layer 2 Blockchain platform, says that it is not a surprise to show excessive interest in new technologies in the crypto industry and as a result of this great losses.
Bitget CEO Gracy Chen predicts that AI Bot Token projects have lost value due to lack of real world practices, but the sector can recover during the year and reach a market value of 50 billion dollars.
“The AI Token sector has not yet reached the real growth phase, C Chen says, and says that more interest in this area may occur in the coming period. Is it a collapse for AI tokens or the beginning of a new wave of rise? Time will show that.
