Bitcoin held its recent support near $23K as investors continued to mull jobs data and the Federal Reserve's possible monetary path forward; Surging institutional investment is behind recent AI price gains. JPRubin23 and shauryamalwa write
Much of the recent surge in AI tokens emerged after the public launch of chatbot ChatGPT and image generation software Dall-E in mid-2022. Both are traditional software that do not use cryptocurrencies or blockchain and were launched by OpenAI, which recently Such institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector.
Aditya Khanduri, head of marketing at Biconomy, takes a milder approach: “I believe that the current AI trend is still pretty speculative, leading to a jump for tokens like OCEAN, ALI, AGIX. Some of the tokens with more buzz and followings have pumped and it's less about the actual tech behind it.”
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