AI and big data crypto projects and tokens suffered losses, reflecting a confused market. Altcoins are also struggling, waiting for signals from Bitcoin. New analysis shows Bitcoin's dominance is gaining strength, holding back altcoin gains. However, a decline in Bitcoin's dominance could trigger a major surge in altcoins. đ
"Will AI super-boost Altcoin AI? BTC dominance is on the rise, suppressing altcoin profits. A decline in BTC dominance could trigger a significant altcoin surge."
Looking ahead, AI altcoins are expected to be in the spotlight next month, driven by key events such as NVIDIA's earnings report, Apple's WWDC, the potential launch of ChatGPT 5, the emergence of GPT-based search engines, and the Google I/O event.
However, the AI ââtoken failed to achieve a surge. CoinGecko data shows that the performance of AI tokens this week has been less than satisfactory, with only a few in the green.
VC investment in AI
Web3 and AI are becoming key investment areas in blockchain startups in 2023, securing more than 11% of total VC funding in the sector.
This is apparent in Stan Miroshnik's report at TenSquared, which revealed that VC investments in Web3 and AI startups exceeded $637 million last year.
What do you think? Will AI fuel an altcoin surge? Come on, discuss it in the comments column!
