#AI Tokens Cool Down#
Hot Topic Overview
Overview
While Nvidia's recent conference sparked optimism for AI stocks in traditional markets, AI crypto tokens have failed to replicate the 2024 rally. Unlike the hype surrounding the event last year, AI tokens have performed poorly this year, with tokens like NEAR and FET experiencing recent declines. This is primarily attributed to the rise of AI agent tokens, which have attracted investors seeking high volatility and potential gains, leading to decreased interest in traditional AI tokens. Additionally, the lack of mainstream adoption has also contributed to the cooling of AI tokens, as many projects remain in development. Despite this, AI tokens are still in their early stages and hold significant potential for future growth.
Ace Hot Topic Analysis
Analysis
While Nvidia's recent conference sparked optimism for AI stocks in traditional markets, AI crypto tokens failed to replicate their epic 2024 surge. Last March, ahead of Nvidia's annual conference, NEAR token doubled, a surge mirrored across the broader crypto AI market. However, this year, AI tokens have shown their vulnerability, with NEAR dropping over 8% in the past 24 hours and FET falling nearly 9%. This stands in stark contrast to Nvidia's stock, which traded at $133 at the start of the year and surged 15% to $153 on Monday as the conference began.Reasons for the AI token chill include the emergence of AI agent tokens, which resemble memecoins with volatility and fervent followers, attracting investors who prefer trading them for their potential for triple-digit or even quadruple-digit gains, while regular AI tokens are harder to move due to their larger market caps. Additionally, search volume for "NEAR token" and "Fetch.ai" has dropped 47% and 84%, respectively, since March, indicating waning interest in AI tokens.Despite this, AI tokens are still in their infancy, with few mainstream crypto AI projects in use, as many products are still under development. Nvidia's announcement of its $3,000 mini supercomputer, Digits, set to launch in May, could provide a new impetus for the future of AI tokens.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The rally in AI tokens has failed to sustain its momentum in 2024, contrasting with the bullish sentiment surrounding AI stocks in traditional markets.
The emergence of AI agent tokens, with their volatility and fervent followers, has attracted more investors, leading to a decline in interest in general AI tokens.
Interest in AI tokens has waned, with Google search trends showing a significant drop in related searches.
AI tokens are still in their infancy, with few mainstream use cases for crypto AI projects, and many products are still under development.