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AI-Related Coins Drop Over 20% in Seven Days as Google Trends Show Peak Interest in Artificial Intelligence

CointimeCointime2024/06/18 11:20
By:Cointime

The market value of coins associated with artificial intelligence (AI) has dropped by over 20% in the past seven days, coinciding with a peak in public interest in AI according to Google Trends. The decline in value of so-called AI coins like FET, RNDR, TAO and GRT has been as much as 30%, while bitcoin has only decreased by 2.8% during the same period. Google Trends is often used to measure retail investor interest in trending topics, and the peak in AI search queries may indicate that the masses are entering the market at a time when prices are high, potentially leading to a bubble.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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