Artificial Intelligence (AI) is a new addition to the crypto industry where multiple profiting AI Crypto coins have been launched with AI integration. These AI cryptos use AI technology to improve the already existing features of blockchain with scalability, security, and decentralized governance. Moreover, AI trading bots are embedded in these cryptocurrencies, which are mainly behind the rising hype of these AI-infused cryptocurrencies.
However, the hype seems to die, as the expansion is limited for these coins. Not to mention, the meme coins are dominating the market for now. Is AI Cryptos Hype Dead? AI Cryptos hype began in late 2022 when the Open AI introduced the ChatGPT .
With the development of Artificial intelligence, the demand for AI cryptocurrency also grew. However, the profits or gains were limited due to the narrow abilities and features. Interestingly, the demand for these cryptocurrencies grows with the news and updates in the AI industry.
When ChatGPT was introduced, the AI cryptos boomed. Another example is the introduction of SORA , a text-to-video generation AI tool, launched at the start of 2024. With the introduction of SORA, the AI cryptos boomed again.
At that time, the hype was highest in late January and early February, and AI cryptos like Big Data Protocol grew by 4000%, AGIC rose by 669.15%, and GNY rose by 946% within a month interval. The demand for these AI tokens is not dead, but with the market correction, they declined just like other crypto.
