TL;DR
- Projects related to artificial intelligence (AI) and technology are experiencing growth in their value in the crypto market.
- Wallets containing digital coins focused on AI, such as Delysium (AGI), SingularityNET (AGIX), and Artificial Liquid Intelligence (ALI), have experienced a significant increase in their value.
- Michael Saylor suggests that AI projects could help mitigate concerns about the environmental impact of Bitcoin by scaling their energy capacity.
The recent trend in the crypto market has highlighted an interesting phenomenon: the growth in the value of projects related to artificial intelligence (AI) and technology. According to data from the blockchain analysis platform Santiment, these projects have experienced notable gains in parallel with the increase in the price of Bitcoin and other major cryptocurrencies.
In this context, a significant increase in the value of wallets holding digital coins focused on AI has been observed. Santiment has identified a wallet containing more than 100 of these coins, including projects like Delysium (AGI), SingularityNET (AGIX), and Artificial Liquid Intelligence (ALI). This wallet experienced a 30.7% increase in its value in just 24 hours, highlighting the growth potential in this sector.
📈🤖 #AI and #BigData projects have broken out in the midst of traders being seemingly distracted by #dipbuy opportunities for #Bitcoin and various #memecoins. A portfolio filled with the 100 AI #crypto assets from our watchlist grew by +30.7% in 24 hours. https://t.co/Jusyabzw9F https://t.co/2oNXJhagDl pic.twitter.com/zpKXmacl7f
— Santiment (@santimentfeed) March 7, 2024
One aspect that has generated interest is the relationship between artificial intelligence and Bitcoin. Michael Saylor, former CEO and executive chairman of MicroStrategy, recently pointed out that AI could play a fundamental role in the future demand for Bitcoin. Saylor suggests that creating digital versions of people to inhabit the internet permanently could drive demand for Bitcoin, offering an interesting perspective on the potential synergy between these two disruptive technologies.
AI as a Tool to Reduce Bitcoin’s Energy Costs
Additionally, Saylor addressed concerns about the environmental impact of BTC. While the energy consumption associated with this cryptocurrency has been questioned, Saylor suggests that many AI projects are seeking to scale their energy capacity. These projects could eventually mitigate concerns about energy consumption by absorbing some of the demand and moving towards more efficient use of energy resources.
Recent attention to AI and technology projects has emerged at a time when investors seem to be distracted by fluctuations in the price of Bitcoin and other cryptocurrencies. This distraction has led some investors to seek buying opportunities in AI-related projects, contributing to their increased value.
