The crypto currency market is seeing one of those phase where it desperately wants to break some resistance and get break free! While it has been trying for some time but seems like the force is not strong enough to explore that region. Hopefully, there will be some exciting days coming up for us to explore.
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Every year there comes a new trend in crypto market. In the past years there have been the emerge of several crypto coins which sort of took the market by surprise. Almost everyone went after that coin and it created a huge demand for that coin. To name a few coins over the years and its trends
- Nodes
- IDO
- Meme Coins
- Play to earn coins
(AXS & Such)
etc
As of the year 2023, the trend is moving towards Artificial Intelligence! Since the AI bot ChatGPT has taken the world by surprise and people are slowly getting introduced to this world of automation, it is no surprise that the effect would eventually come towards the realm of crypto currency.
Making AI a part of our life, is probably going to be the talk of the town for this year and the coming years! As if we dig little deeper there are aspects which are being taken care of by the help of AI. No wonder in the coming years we are going to see much more use case of these AI in our every day activities. Who knows the movie AVENGERS, AGE of Ultron might be the end scenario for us all lol.
While talking about AI in crypto currency, lately there has been a buzz about different AI related coins. According to the stats of CMC the market cap of AI coins have surged to $5,401,570,717, that is literally a crazy amount considering the fact about AI was getting recently so much popularity in the real world of ours. Just imagine what is going to happen when the adoption of these AI tools and bots gets to reach the mass. A global revolution or an Apocalypse is probably awaiting.
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This year could be the year for the coins of Artificial Intelligence
If we observe the past activities of crypto currencies there are actually no pattern at all. Any potential hype created by a group of people really created a floor for a specific genre coins. SHIBA INU a meme coin suddenly out of nowhere took the floor by surprise. And without much of a fact it got to that peak where it was sort of unbeatable. And even Binance listed the coin due to all sorts of stuff. Crazy market indeed. Who would have thought, that the meme coin would reach this far that had close to no utility at all during its creation. Crazy market indeed.
While as we are seeing a surge in the AI related tools and bots, the market of AI tokens are slowly approaching that hype and it has already started to create an impact in the market of crypto. If one would have gotten in few of these AI coins from the beginning before this hype was started, they could have made some crazy amount of money within couple of days.
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I as an investor have learned my lesson the hard way! Going with hype and investing in coins which does not really have any sort of utility and long term plan does not really see the success at the end of the tunnel. Which is why I am sort of seating in side line and just watching the show for the time being.
There are few reasons why I want to see the long road instead of taking some short cuts during this time of the year. We all are aware of the fact about BTC halving which is to happen during the next year. So a possible surge in crypto prices is expected. As we have seen a massive pumps in the past during these halvings. So I am with some of the coins which I prefer to hold into my portfolio for long term. Most of them have a solid foundation and they have a long term goal in their mind.
Doing what is best for my investments as of the moment ;)
Best regards
Rehan
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