AI coins are in decline: Even positive news didn't help!

ChatGPT creator OpenAI completed the largest VC round of all time, but AI coins couldn't escape the decline.

OpenAI announced that it raised $6.6 billion in a funding round valued at $157 billion. Although things are going well on OpenAI's side, expectations for related cryptocurrencies have not been met. Sam Altman, the founder of OpenAI, is one of the biggest investors and supporters of Worldcoin (WLD). Although the company has made significant developments recently, there has been no increase in AI-based cryptocurrencies, especially WLD.

The market value of AI-related tokens has decreased by $4.69 billion in just three days. The "Artificial Intelligence (AI) Coins Market Value", which was $38.82 billion on September 30, decreased to $34.13 billion on October 3. Popular cryptocurrencies in this category have seen a 17 percent drop in the last week, with NEAR down 8 percent, FET down 18 percent, RENDER down 16 percent, and ICP down 14 percent. AI coins, which have lost value due to Bitcoin’s decline and the weakening of the artificial intelligence trend, have naturally upset their investors.

However, when considered in the long term, the picture does not seem so negative. Many factors such as developments on the OpenAI side and AI reaching and adopting more people every day will trigger the rise of cryptocurrencies in this area. In addition to these, other trends will also be decisive. For example, the fall of the memecoin craze may increase the inflow of money into AI coins.

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