Well it seems every crypto inter bull/bear market comes with it's hype, it started with meme coins the likes of doge coins and Shiba and shifted to Non fungible tokens NFTs to a new trend which has now become #1 trend for search engines, Youtubers, small and big commercials companies are all focusing on the new emerged technology that has taken lot of investors and institutions by surprise, the artificial intelligence technology is now the new trend gaining lot of massive traction, project attached to this new technology are amassing millions of users and investment, is this just a hype that will wear off real soon or its here to stay? Perhaps it could be the real deal replacing lot of technologies, interestingly, big tech companies like Google and Microsoft are integrating the use of this new technology which is looking very promising for the future.
Should traders be concern
For traders every opportunity in the space calls for new means of making fortune, at least weaker start up crypto project are to be concerned about newly developed AI project backed by AI technologies, investors are mostly attracted by what a project could offer either long/short term to take profit and either move on to another promising project, literally traders for now are busy analysing AI token market cap to see either to long/short for profit, on the other hands institutions are also welcoming the new technology as its gradually making work easier for them.
More than half of the institutional traders surveyed by global financial services giant JP Morgan said that artificial intelligence and machine learning will be the most influential technology in shaping the future of trading over the next three years—cited four times more often than blockchain and distributed ledger technology.
Source
Survey from JP Morgan e-Trading reports shows AI technologies is here to stay with more traders to use the technology to their advantage, not sure if this technology will stand a chance to eliminate cryptocurrency adoption but could be working together to strengthen blockchain technology also both technologies can leverage on increasing scalability and security.
AI token are the new center of attraction the space that don't mean its would be rendering blockchain technology null but could strengthen adoption as AI based token are built on blockchain technology working hand in hand will be a game changer for both technologies.