Interestingly, the value of AI-based cryptocurrencies has plummeted, which is ironic. At the same time, Google searches for artificial intelligence have reached an all-time high, indicating growing interest from retail investors in the field.
Historically, whenever Google searches related to cryptocurrencies spike, it often coincides with a significant market surge. This further confirms Warren Buffett’s advice to buy during difficult times and sell during prosperity. AI tokens seem to be following a similar trend.
According to CoinGecko data, AI-focused cryptocurrencies like FET, RNDR, TAO, and GRT have seen a 30% decrease in market value in the past 30 days. This aligns with Google Trends data, suggesting that searches for artificial intelligence may have peaked.
Read more:
This could be the creator of a new cryptocurrency related to Donald Trump
Essentially, FET ranked fourth among the worst-performing 100 tokens last week—a curious shift as interest in artificial intelligence increases, as indicated by Google Trends.
Last week, the search term “AI (artificial intelligence)” reached a perfect score of 100, the highest in five years.
This is quite perplexing: as global attention turns towards the potential benefits of artificial intelligence, tokens specifically created for its use are selling out. Perhaps those who believe in Buffett’s advice may want to seize this opportunity to exit when speculation reaches its peak.
On the other hand, this could just be a temporary trend—ultimately, widespread adoption will ensure a rebound in the AI-related segment of the crypto market. Whether this is just another correction or the beginning of a longer bearish period remains to be seen.
One thing is certain; when dealing with virtual currencies, nothing is guaranteed, as anything can happen, and the AI token market is no exception. Investors will closely monitor whether these AI-driven tokens will shine again or if this could be a significant shift in market sentiment.
