Will the Altcoins in the AI ​​& Big data category become more popular in 2023?

[Uruhara]

Sumber : Forbes

The altcoin in the AI ​​category actually hasn't had time to trend back to its full potential in 2022. Meanwhile, other Altcoin categories seem to have experienced their trending ups and downs in 2022.

As an example of an altcoin category that has experienced popularity (trending) in 2022 is the Metaverse category. Metaverse coins are very popular in 2022. Some even experienced a pretty good and fast increase. Metaverse coins that were trending but still have strong trading volume are examples like
- Apecoin (APE)
- Internet Computer (ICP)
- Theta Network (THETA)
- The Sandbox (SAND)
- Axie Infinity (AXS)
And many more like GALA etc.
Source : coinmarketcap

And still in 2022 we have also seen altcoins in the crypto wallet category such as TrustWallet (TWT) and Safepal (SFP) and others experiencing trending again, even if only briefly. And it happened during the FTX Bankruptcy so that many people moved their assets from the exchange to their personal Wallet. And altcoins in the wallet category are also affected (positively) and are experiencing an increase. Furthermore, the altcoin for the Fan Token category also experienced its season (trending) before and during the Fifa World Cup.

And it seems that the AI ​​and Big Data categories haven't had time to get their season (trending) back in 2022. Even though AI technology has become increasingly popular. Maybe in 2023 it will be the season (trending)?

The following are the top 10 AI and Big Data Altcoin categories by trading volume


- The Graph (GRT)
- SingularityNET (AGIX)
- Render Token (RNDR)
- Oasis Network (ROSE)
- Fetch.ai (FET)
- Ocean Protocol (OCEAN)
- iExec RLC (RLC)
- Artificial Liquid Intelegence (ALI)
- Numeraire (NMR)
- dKargo (DKA)
Sourch: Coinmarketcap

And actually I created this thread on Local (Indonesia) and have had an interesting and informative discussion. but I also expected a wider discussion from global users so I decided to translate it into English.

Let's discuss and share insights and information about Altcoins in the AI ​​and Big data category. which seems to have started trending in 2023.

and have you invested in altcoins in the AI ​​category?

and what coins have you held or are you still reviewing for altcoins in the AI ​​and Big data categories?

-------
original topic before translated: Akankah Altcoin kategori AI & Big data populer kembali di 2023?

[hd49728]

- Apecoin (APE)
- The Sandbox (SAND)
- Axie Infinity (AXS)
And many more like GALA etc.
Source : coinmarketcap

Source: Coinmarketcap

Above are Metaverse, GameFi projects but your topic is about AI & big data projects. Do you think including $APE, $SAND and $AXS here are not related to your topic and discussions about AI & big data projects?

- Internet Computer (ICP)
- Theta Network (THETA)

I don't know and don't mind about $THETA project and assumed you were right to pick it from AI & Big data category.

I know about $ICP that made lot of noise in crypto market two years ago. They did fund raise in 2017 and 2018 bull run, required bounty hunters to pay $5 or $15 to KYC and be eligible for bounty payments. Their distribution was delayed many years and at distribution time, the token blasted off to more than $400.

Today $ICP price is about $7 that looks very cheap but I'd not like to buy them before the end of bear market.

[Uruhara]

- Apecoin (APE)
- The Sandbox (SAND)
- Axie Infinity (AXS)
And many more like GALA etc.
Source : coinmarketcap

Source: Coinmarketcap

Above are Metaverse, GameFi projects but your topic is about AI & big data projects. Do you think including $APE, $SAND and $AXS here are not related to your topic and discussions about AI & big data projects?

- Internet Computer (ICP)
- Theta Network (THETA)

I don't know and don't mind about $THETA project and assumed you were right to pick it from AI & Big data category.

I know about $ICP that made lot of noise in crypto market two years ago. They did fund raise in 2017 and 2018 bull run, required bounty hunters to pay $5 or $15 to KYC and be eligible for bounty payments. Their distribution was delayed many years and at distribution time, the token blasted off to more than $400.

Today $ICP price is about $7 that looks very cheap but I'd not like to buy them before the end of bear market.

The first and second and third is paragraph contains introductory words about an example of an altcoin project in the Game and metaverse category that was trending in 2022. And I include it as an example of an altcoin project that went viral in 2022, namely the games and metaverse category. I even said other categories like Fan tokens and others.

and for the AI ​​and big data categories you can see in the next paragraph I include the names in pictures directly from CMC. you can see and read it after the paragraph. I made some edits because it turns out that the altcoins in the AI ​​category which are currently in the top 10 are different from last month. so I re-edited it with the latest update from CMC.

so the list of AI tokens in this topic will be slightly different than in my original topic on a local board.

[Xal0lex]

The altcoin in the AI ​​category actually hasn't had time to trend back to its full potential in 2022. Meanwhile, other Altcoin categories seem to have experienced their trending ups and downs in 2022.

They have already become popular. The AI project is in the center of discussion right now, and in general the whole topic of artificial intelligence is trending right now. Many projects related to artificial intelligence, which were launched quite a long time ago, 3-4 years ago, are now growing well, giving thousands of percent profit. Now this hype is only gaining momentum. I'm sure by the time the new bull run comes, the category of these coins could give solid growth.

[LogitechMouse]

and have you invested in altcoins in the AI ​​category?

and what coins have you held or are you still reviewing for altcoins in the AI ​​and Big data categories?

And with that, a new hype is born.

Just a few months after the NFT hype was gone, here comes a new kind of industry that is becoming more popular in the crypto industry. The AI coin hype has just began and expect more projects that are related to AI to emerge in the next months. Some might be successful (maybe around 5 at most will be), and most of them will be just a scam coin, dead coin, and some projects will just rug pull it's customers.

Me investing in altcoins under AI category? I might try, but for short term only and will sell it as it goes up. When I will do my research, I will try and research these existing coins that are related to AI.

[MAAManda]

Wow, we've discussed this topic locally, I'm glad to see you also published this topic globally, hopefully we can get a good discussion like locally.  Indeed, for some time now, tokens in the AI ​​category are being watched by many people. Not without reason, this happened because big people like Elon Musk and also institutions like Microsoft started to pay attention to AI.

have you invested in altcoins in the AI ​​category?

I have invested in SingularityNET (AGIX) some time ago, nothing is more promising than that token in my opinion, why not buy The Graph (GRT)? buying $GRT is too risky because the market capitalization is too big.

what coins have you held or are you still reviewing for altcoins in the AI ​​and Big data categories?

I didn't hold my SingularityNET (AGIX) anymore a few days ago, I thought it was time for me to take profit, no hype lasts forever, so it would be better to just take advantage of the momentum.

[jossiel]

I am interested in big data but with AI, I think it's only a hype thing again. But in actuality, the term ai is really being used for so many things and connecting it to the market, there should really be a big usage on it.

Looking at that, we can all say that it's just all market and stuff and that's why it's not going to be a permanent thing. Nothing against with those projects that are focusing in ai but, at first most of them are only looking at their benefits through the market.

[swogerino]

I think AI is a big hype right now but that's all there is to it,it won't get our jobs,it cannot replace humans as that is just that Artificial Intelligence,the coins who will be following this category may become popular but I highly doubt them to go and increase in price.

I know many people think that this AI is a big thing of the moment but for me it is just a virtual assistant that helps us a little bit,nothing more.There is Nvidia together with Mercedes who are working for so many years to make a driverless car with AI and they are not moving that much forward,the reason is simple,in complex situations the AI does not know what to do,in traffic when we are touring from a city to a city,a country to a country there are lots of scenarios that the AI cannot make an instant decision like our human brain does and as such is useless no matter how big the marketing about it is.

Based on the above I don't believe these coins to become more popular than they already are in 2023.

[cabron]

The hype of AI might be suppressed by the influencers adding negative comments to it like how it lies about information. There were several videos about it that it favors political party.

But google though had also launched thier own AI to compete the chatGPT. With this progress, there is a chance that AI fully bring the bull market while all other altcoins are also updating its roadmaps like the Filecoin and Chainlink.

We are in the right time to actually get a ride of these AI tokens so its up to you. These are the short term kind of investment that before the bull run will be over you have to dump yours as quick as possible because this is also the first that will plunge.

[bitgolden]

Let's discuss and share insights and information about Altcoins in the AI ​​and Big data category. which seems to have started trending in 2023.

and have you invested in altcoins in the AI ​​category?

and what coins have you held or are you still reviewing for altcoins in the AI ​​and Big data categories?

I have ignored defi-NFT-ICO/IPO-staking/MN things hence this time also I will simply skip this new trend and will focus on my usual pattern on investments. I have seen some people are making good money along with the new type of hype in alternate cryptocurrency market but I never find anything safer method of interesting to keep going in my crypto life. My main moto is always securing my capital rather than looking for multiplying my capital.

The human race have not achieved a level to enable a machine to think on its own but misguiding people with the term "artificial intelligence". It is purely data driven. When basics are like this, I am not sure how long this AI hype will sustain.

[vv181]

Generally, artificial intelligence is currently becoming the interest of the masses. The recent ChatGPT hype, Google with its Bard, and Bing with the integration of ChatGPT. It is expected that many businesses will try to utilize it or they also can participate in it to tighten up the competition.

When we are talking about cryptocurrency, one must wonder, in specifically what purposes cryptocurrency or a token are beneficially significant in the attempt at AI advancement. Contrasted to the popular one I addressed above, they did not even require any token or coin. Crypto is having a bad connotation due to its past history, some of us are aware of how it is being utilized for worthless purposes. So, I think there will be many cryptos that will incorporate AI hype or popularities, but, for practical vision, it has a less significant effect on the main aspect of AI.

[dothebeats]

Why would there a need for tokens in the AI industry anyway? If people are interested enough to invest on something, they'd directly invest in the company that creates these AIs and not on tokens. It looks like we had found the new buzzword after metaverse and Web3: AIs. Thanks to the success of ChatGPT, opportunists have now flocked into another way of marketing their useless tokens and hope that people will get easily swayed because of what ChatGPT is doing.

As expected, AI tokens will see its boom, but will eventually fall after the hype is gone.

[bittick]

I'm sure it hugely depends in how much of an impact that the AI brings, you see so many AI presented in cryptocurrency are still kind of useless, meanwhile the AI that's good quality and quite revolutionizing like OpenAI's are gaining user base so tremendously, what matters most is the capabilities of the AI itself, I think some cryptocurrency project in general should bring AI that's real useful.

[o48o]

Anyone of you remember how pointless ico era AI projects were? This is same exact thing. People are fomoing in without thinking if the project is needed or not. DeepBrain wanted to fund AI toys with blokckchain, they were never needed, but now ai is a thing and it jumped 1500% in few months. It's still piece of crap project but as it was so low marketcap it was easy to pump just with AI buzzword fomo.

[OcTradism]

I have ignored defi-NFT-ICO/IPO-staking/MN things hence this time also I will simply skip this new trend and will focus on my usual pattern on investments. I have seen some people are making good money along with the new type of hype in alternate cryptocurrency market but I never find anything safer method of interesting to keep going in my crypto life. My main moto is always securing my capital rather than looking for multiplying my capital.

AI have been developed many years ago but recent months we see more AI companies engage in cryptocurrency market. They can be companies that actually are building up AI products for society and if they are, it's good. I am worrying about the newest trend of likely dead projects want to revise themselves and their products from previous failed products to AI products. I am very doubtful that those companies will be able to make good AI products for society. They only join the trend and go with another trend.

You did right things by ignoring DeFi, NFT, ICO, IPO, Staking, Masteternode projects.

[GreatArkansas]

(....)
As expected, AI tokens will see its boom, but will eventually fall after the hype is gone.

I agree, this is just like what happened on NFT  before. But if AI is really useful to be using cryptocurrency, then for me after the hype, these projects will stay and continue.
For example, the use case is Decentralized Finance (DeFi) which we already saw the hype before and later on cooled down, and still here, still lot of platforms that in Decentralized Platform (DeFi) and total value locked (TVL) are growing because they have real-life use.

[noorman0]

I don't even see any significant benefits of AI technology when applied to digital products, although I do see chatGPT and some image auto-generated tools which I think adequately meet the commercial needs of the digital space. I think AI is more useful when applied to physical products.

Ultimately, all upcoming AI-based projects will have identical features to their predecessors. As usual, the AI hype will soon pass.

[el kaka22]

I do not think so, because AI is barely getting to acceptable level and that is with the biggest funding, so the "AI" that we see with these new tokens are just fake stuff and not even a proper software, it's a terrible mock of a thing that we have already, and not really an AI at all, it's fake.

That is why people will not put their money into it, and all the acceptable level AI companies are going with the business route and not token route and charging people fiat to use them and that's how they work. Not an easy thing to do, but at the end of the day it's at least something to do and that's why I prefer that over anything else, definitely a good thing.

[shinratensei_]

it will not become popular in terms of creating some trend around it that causes massive bullruns for AI coins in general, it's more of utility I guess, considering the fact that not many of these coins you mentioned actually have impact as big as openAI's AI which got serious funding from big companies.
the main reason openAI's AI is gonna be big is because they've got integration from many big companies which means it will got many utilities for it, but many AI coins in general doesn't have that chance.
I'm sure we could eventually have one good AI coin with utility but it surely wouldn't be that massive bullish trend of AI that's gonna comes in the future.

[Wexnident]

Why would they? The most I see with these AI altcoins are just hype jumpers, they aren't really anything noteworthy whatsoever, not to mention that the majority of the AI tech that's being used and released right now is what I'd consider the most supported (both by devs and users). I don't think AI's like ChatGPT would come out or even if it did, it probably wouldn't boom out since Microsoft recently announced the integration of it to their new Bing, which provided a lot. AI's used for art like stable diffusion are only improving more and more, with some of the recent ones I've seen able to pass of as real images really. I don't think any startup AI crypto that's just jumping on the hype can compete imo.