oh shit, now it already has altcoin AI? first we had ICO, then we had DEFI, then we had NFT and now we are already in AI, I even imagine what those AI creators must be saying to deceive people: "AI is the next great revolution in the crypto market". Honestly where do we stop with this? people rush to put money into these meaningless projects, they don't think to what extent this is viable, for example if someone creates an AI altcoin, how many people will use this AI altcoin for the price to increase? I'm not talking about the people who buy to do hodl, I'm talking about the common person who wants to buy or pay for a service or wants to give a real use to the altcoin, why would that person buy that AI altcoin if he can buy bitcoin and pay for goods and services?
people do not ask these questions, there are many altcoins in this market, even if a Z project creates a way to make all the buildings in the world more economical, for example, companies can even use the program of this Z project, but they will not be using the altcoin Z linked to that project, so how will this altcoin linked to that project go to the moon? I only see one way: pump and dump created by some people who are deceived at the beginning of each project.
Have you ever been out of your country and used your debit/credit card..
and the bank automatically converts your local currency you own to the currency of choice of the merchant?
this is the same with some alt coin platforms... this issue is its still very early and the process isnt as simple yet.
Some alt coin projects with real use case for the token demand to be paid in their local currency (the alt coin) and you must come along and convert your currency into theirs some how... so you sell your bitcoin into ETH and than into that alt coin....
one is automatic and simple, the other is more complex.. one still pays with whatever he wants, and the other still receives whatever he wants..
the benefit of most of these kinda tokens is the reward.. when you pay for the service and pay with the alt coin, that alt coin either gets burned(which reduces supply and make your holding more valuable) or you may even get a percentage of the sells... economic models are endless in this space..... hope this helps