At the end of November, ChatGPT ‘s launch had a striking effect on cryptocurrency markets. Many AI altcoins have seen substantial value increases, and we expect to witness many more like them within the next few months. However, investors must remain cautious of possible traps while also noticing projects with growth potential.
Although They Existed Before ChatGPT, AITokens Became Quite Popular After the Chat Bot
In late November 2022, OpenAI unveiled its latest innovation – ChatGPT. In just two months, this product gathered an astonishing 100 million users. This speaks volumes to the sheer capacity of the internet and its ability to quickly adopt new products. The same phenomenon can be observed with cryptocurrencies; anyone with access to a device connected online can effortlessly discover it when they become interested while growing values during bullish cycles fuel mass adoption.
As AI technology continues to take over the globe, projects like Fetch and AGIX have been at the forefront of this innovation. This has caused their prices to skyrocket, leaving many investors hungry for more. As a result, Justin Sun saw an opportunity with AI altcoins and quickly announced a solution for Tron’s ecosystem. However, in the coming weeks, numerous fraudulent startups will claim they are leading innovators using artificial intelligence, so it is best to be prepared now!
SingularityNET (AGIX) Is One of the Featured AI Altcoins Recently
SingularityNET’s AI altcoin AGIX has seen an incredible increase of 900% this year, standing out in the crypto sphere. Last week alone saw a 170% jump from $0.17 to $0.46. It ended with yet another 5% increment for that day alone – totaling up to a staggering trading volume at around 300 million USD compared to its current market capitalization of nearly 0.5 billion! Founded by Dr. Ben Goertzel, renowned cognitive scientist, and AI trailblazer, this initiative is set on introducing genuine products based on artificial intelligence technology into our lives today – making it one ambitious project among many others who have tried but fallen short!
SingularityNET‘s protocols are either in the process of being constructed or have already been deployed as a fully functional component of the ecosystem. Currently, due to hype, its price has seen an increase, but this performance will likely continue over the coming months, depending on the project’s success. Nevertheless, investors would be wise to remember their losses from previous ‘metaverse’ cycles and take profits at some point; no hype lasts forever, and interest tends to lead prices backward when waning.
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