It is usually said that when Bitcoin sneezes the entire crypto market catches cold. BTC hit a new all-time high for the second time this week, with the ripple effect reflecting on other altcoins, majorly AI cryptocurrencies. Near Protocol, Render, Ronin, The Graph and WorldCoin are among the top gainers of the week, demonstrating growth of over 50%. While investors and enthusiasts are full of excitement regarding the AI altcoins performance, Coinbase report raising questions about whether these tokens are just a hype or sustainable investment opportunity.
What’s Going On with AI Altcoins?
Despite surpassing Bitcoin and traditional tech stocks in performance over the past few weeks, doubts linger regarding the long-term sustainability of AI-themed tokens due to concerns about speculative trading and centralized dependencies. Experts emphasize the importance of substantial adoption and technological advancement to enhance the practicality of AI tokens.
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