I believe the hype around AI is nearing its culmination, as it has been nearly a year since its emergence. AI gained popularity with the release of ChatGPT, and subsequently, many individuals experimented with various AI systems employing diverse mechanisms.
https://coinmarketcap.com/id/view/ai-big-data/Based on this data, it's evident that AI and Big Data tokens are currently experiencing a decline in transaction volume and prices. Therefore, it's entirely reasonable for me to assert that the cryptocurrency industry's AI sector is entering the late stages of its hype cycle.
Based on that we could still say that they have a long way to go. This is a tech one and not just a hype one and that means that it needs to improve a lot on the tech side before it could get better. Some of them are not really even AI and they are ranked high up, they are just tokens that people promoted a lot, simply high due to marketing and will go down. So that is why we should be careful about it.
I believe that we are going to end up with something that should be important to promote, and that means we are going to end up with something that should be easier to handle on the long run as well. I get that it s not going to be easy to handle, but we could make it work one way or another in the end if we know what we are doing.
Everything do really takes time to be fully developed but we have seen on how that ChatGPT did succeed on this field. I dont know if they do have that dedicated coin or token that existed on the market but as far as im aware then there's none or i had just missed it out. We have seen that on the time that AI did make out some hype then we cant really be able to see that there are really tons of AI related projects that pop out
like mushrooms on which its not really that shocking anymore because whenever there's a trend or new hype then expect that those shit developers would really be creating those shit coins basing up
with that niche.
Ico, ieo, defi, meme, nft and so many altcoin trend came, created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?
Anyway, this is an area that promises a lot in human life, not just in the crypto market. When a trend appears, the hype will happen and it will increase even more than we see in bull market periods, but we also need to improve our skills to avoid FOMO according to these methods trends or low quality projects.
The current time is also a quite sensitive period to talk about board with AI, but I think it will take a little more time to clearly determine the upcoming trend, perhaps by the end of 2023 will see more clearly.
This is the main key on here on which you shouldn't really be making yourself getting FOMO'ed if you do really like on making yourself
not to lose up your investment so easily. Dont jump in without proper research on the project that you are spotting in because just like been said above that
whenever there's a trend then expect that follow up shit coins in the market is already trying out to be launch or flooding the market.
