In a recent flurry of events, the cryptocurrency industry has seen a significant shift toward AI-driven cryptos. The field has been rocked by DeepSeek disrupting established institutions and triggering panic in the market, causing a steep decline in AI Coins. Amid the frenzy, Fake DeepSeek token, thriving on the hype of Chinese AI application, reached a $48M market cap.
Popular meme coins appear to be struggling as tokens tied to AI agents such as AI16z and Virtuals register a sudden surge in their valuation. The volatility of cryptocurrencies persists with Bitcoin awaiting catalysts while this shift toward AI tokens takes place.
The market has also witnessed the emergence of Lightchain AI which is showing potential for long-term returns, stirring excitement among investors. Venice AI, a token providing private access to DeepSeek reportedly hit a whopping $1.6 billion total value.
The investor interest seems to be gradually shifting to AI Coins from the likes of well-established cryptocurrencies like Solana, Cardano, and even Shiba Inu. Analysts see AI Coins as a smarter investment choice considering their performance in recent times.
However, investors should be cautious as the market sees a rise in scam coins with the viral spread of DeepSeek AI. The world watches as the power play unfolds between the U.S. and China in AI, Bitcoin, and global trade.
AI Coin News Analytics from Thu, 02 Jan 2025 08:00:00 GMT to Wed, 29 Jan 2025 22:46:52 GMT - Rating -2 - Innovation 6 - Information 7 - Rumor -2