The cryptocurrency market has witnessed a recent rise in price for Bitcoin (BTC) and other altcoins. Amid this excitement, artificial intelligence (AI) and big data projects, a niche sector in the crypto ecosystem, have also made significant gains, according to a report by blockchain analysis platform Santiment.
Santiment made a statement for those altcoins
According to a post published on social media platform
This suggests that while broader market trends may exert some influence, specific interest and developments in the AI crypto space are also contributing to growth. Santiment highlighted one particular example from its watchlist of more than 100 AI-powered cryptocurrencies. This watchlist was created in late February, when several AI projects witnessed significant price increases, including Delysium (AGI), SingularityNET (AGIX), and Liquid Artificial Intelligence (ALI).
One wallet saw 30 percent growth
In particular, the value of one wallet on this watchlist, which contains only AI-driven tokens, increased by a remarkable 30.7% in a single 24-hour period. This specific example underscores the potential for rapid growth in the AI crypto segment.
Further strengthening the connection between AI and the broader cryptocurrency market, Michael Saylor, former CEO and president of MicroStrategy, a leading business intelligence software company, recently expressed his belief that AI will ultimately increase demand for Bitcoin. In an interview, Saylor emphasized the potential at the intersection of these two innovative technologies. cryptokoin.com As we reported, Saylor said the following:
If you want to create an AI version of yourself and post it on the internet forever, you better give it some Bitcoin. So I think there’s going to be an interesting demand function there.
AI approach to energy FUD
Saylor also touched on concerns about Bitcoin’s environmental impact. He noted that several AI projects are predicted to experience significant energy consumption increases in the coming years, potentially “taking over all the energy FUD” previously associated with the Bitcoin network. This statement suggests that Saylor believes the negative environmental perception surrounding Bitcoin may eventually shift towards the broader crypto asset space, including AI-powered projects.
In general, the recent rise in artificial intelligence and big data projects, as well as Bitcoin and other cryptocurrencies, highlights the growing interest in these innovative technologies. Although investor focus may fluctuate, specific developments in the AI crypto sector, combined with the long-term growth potential predicted by industry figures such as Michael Saylor, suggest that this segment of the market deserves continued attention and research.
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