AI token, price and number of searches rise | coindesk JAPAN | Coindesk Japan

On Feb. 8 on CoinGecko, five of the top six trending crypto assets (virtual currencies) had something in common. All related to AI (artificial intelligence). Cryptocurrency is the hottest area right now.

Vaiot (VAI), SingularityNET (AGIX), Fetch.ai (FET), DeepBrain Chain (DBC) and GNY are up at least 70% over the past week, while the CoinDesk Market has been largely flat (down 0.68%) over the same period. Index (CMI) significantly exceeded. AGIX, which rose the most, rose more than 160%.

(CoinGecko)

AI tokens have seen significant interest, and their growth in price and search traffic indicates that investors see opportunities in the AI-related news generated by the ChatGPT boom.

Major IT companies are accelerating their investment in AI. Microsoft has reportedly invested $10 billion in OpenAI, which developed ChatGPT, igniting an AI race with Google over search engines.

The popularity of AI is also affecting Wall Street. A recent JPMorgan Chase & Co. survey of institutional investors found that 53% of respondents said AI and machine learning will have the biggest impact on finance in the next few years. .

Looking at Google Trends, more people are searching for “how to invest in ai” than ever before. More and more people are searching for “AI crypto”.

(Google Trends)

However, the impact of AI popularity on crypto assets is debatable. Walter Teng, Vice President of Digital Asset Strategy at Fundstrat Global Advisors, told CoinDesk that “FOMO[fear of missing out on opportunities]boredom and regression will return.”

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
| Image: CoinGecko
｜Original: AI Token Search Traffic Spikes as Crypto Traders Seek Exposure