🚀AI Tokens Set to Surge as Social Sentiment Hits Record Highs, Says Santiment
Blockchain analytics firm Santiment reports a potential rise in AI-focused crypto projects due to increasing social interest. CoinMarketCap data confirms this surge, showing an 80% increase in trading volumes for AI digital assets in the past day, despite an average sector decline of 7%.
The spike in social interest coincides with major advancements in AI. Nvidia briefly became the world’s second most valuable publicly traded company, with its market value exceeding $3 trillion. Bloomberg ETF analyst Eric Balchunas noted that Nvidia’s shares often traded higher than the combined volume of the top 20 US shares.
Nvidia’s stock has cooled off but remains a symbol of AI investment enthusiasm. Venture capitalist Nic Carter described Nvidia as “the most important company in the world today,” noting its staggering growth and its impact on pulling capital from other tech stocks.
AI startup CoreWeave Inc. attempted a takeover of Bitcoin miner Core Scientific after announcing a partnership expected to generate $3.5 billion in revenue. Core Scientific will provide 200 megawatts of capacity to power CoreWeave’s GPUs.
Decentralized AI projects Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) plan to merge into the Artificial Superintelligence Alliance (ASI). This merger, set to complete this month, aims to advance decentralized AI infrastructure and create a token with an estimated market cap of $6 billion, fueling further community interest.
These significant developments have driven up social volume for AI tokens. Historically, such heightened interest often leads to price increases, and crypto experts predict that AI-focused tokens could see substantial gains.
