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Cryptocurrency News Articles

AI Tokens: A Revolution That Attracts Whales

Jan 04, 2025 at 07:10 pm

The crypto continues to captivate the attention of the world, but the true players in this market are often lurking in the shadows: the whales.

AI Tokens: A Revolution That Attracts Whales

A crypto whale has made an impressive earning of 11.5 million dollars in less than three weeks by investing in artificial intelligence (AI) tokens. The investor, who remains anonymous, played a crucial role in driving attention and value to these tokens, which are based on a technology that is rapidly transforming various industries.

The investment, which was made in the token of the Virtuals protocol (VIRTUAL), had a direct impact on its price, which surged as the protocol recorded its first autonomous transactions on chain. This development sparked speculation in the market, leading to a 44% increase in the token's value within 19 days, reaching a high of 5.07 dollars.

As AI tokens continue to gain attention, these technologies are also enabling new possibilities for digital assets, such as the creation and operation of autonomous AI agents. These agents, like Luna, can engage other agents, such as STIX, to generate images, all without human intervention and on the blockchain.

This capability opens up vast opportunities for an ecosystem where machines can collaborate and monetize their services autonomously, an advancement that is drawing the interest of institutional investors.

According to Bitget Wallet's Alvin Kan, these AI agents, combined with tokenized assets, are poised to play a major role in shaping the decentralized economy.

However, despite the promising nature of AI tokens, the volatility of the crypto market, especially for emerging projects, cannot be overlooked. By the end of 2024, AI tokens had lost nearly 30% of their value, following a period of rapid growth that saw them reach a peak of 70 billion dollars in market capitalization.

Despite this volatility, analysts maintain that these fluctuations do not diminish the long-term potential of these assets.

Disclaimer:info@kdj.com

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Other articles published on Feb 02, 2025