AI Crypto Projects Witness Downtick in Trading Volume After Surge of Buzz Earlier This Year: Market Data Firm

A market data firm has revealed how Artificial Intelligence (AI)-centered crypto projects have seen a tumbling in trading volume after showing huge success this year. There was widespread buzz and excitement in January after reports circulated about Microsoft investing US$10 billion in OpenAI, the AI firm responsible for the immensely popular ChatGPT chatbot. Altman’s Worldcoin also encountered a “special” launch despite investigations for privacy infringement in the UK and Spain. Analysts Kaiko spot on Ripple following a massive win in the SEC case with overwhelming futures volume to open interest ratio. Notably, a deep downwards trend has been defined the last 3 months with Bitcoin and Ethereum, the most significant crypto assets by market cap.

Robert Wilson author
Articles: 12200