How ChatGPT Could Drive A Dramatic AI Crypto Token Narrative

How ChatGPT Could Drive A Dramatic AI Crypto Token Narrative

According to a top financial analyst, AI crypto tokens could be the next big thing in the industry, like the DeFi boom, Metaverse mania, or meme-coin explosion. 

ChatGPT and other AI-powered technologies have been making waves on social media and in the business world. Could three altcoins emerge as standout winners in the next bull market because of this?

Why Trading Narratives in Cryptocurrencies Can Be Profitable

Narratives, whether accurate or not, are frequently required for incredible rallies or declines. The previous narrative of Bitcoin, for example, was driven by its use as an inflation hedge. However, when inflation hit, the top cryptocurrency experienced one of its worst downtrends to date. 

Other recent stories include DeFi propelling Ethereum and related coins higher or Metaverse tokens skyrocketing after Mark Zuckerberg renamed Facebook’s parent brand META. NFTs also aided Ethereum and newcomers such as Solana. In just a few tweets, Elon Musk made meme coins popular.

All of these assets have one thing in common: the narratives made money, and in markets, that’s all that matters. For savvy cryptocurrency investors looking for the next big story, two letters may be all they need: AI. 

OpenAI’s ChatGPT is currently sweeping the social media landscape. The AI tool has already passed the bar exam, the medical license exam, and the MBA exam. It is used to write articles, tweet, solve equations, complete homework, and automate tasks. It’s even being used to explain Bitcoin through the eyes of various celebrities. The platform has undeniable promise.

Analyst: Crypto AI Tokens On “The Verge Of A New Bull Cycle”

Even though no AI crypto tokens are associated with ChatGPT, projects associated with anything related to artificial intelligence have recovered significantly from cryptocurrency bear market lows.

Fetch.ai (FET), for example, is up roughly 480% from its lows, with a gain of more than 200% in January 2023 alone. The Ocean Protocol (OCEAN) is another standout, with a 230% recovery from lows and a year-to-date recovery of more than 100%. SingularityNET (AGIX) outperforms them both, with a three-month low and over 600% gains from the low. AGIX increased by more than 460% in January 2023, with a full week remaining.

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