Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/Mr_Hodlerr on 2024-10-10 15:31:16.

AI-related cryptocurrencies are experiencing significant inflows due to the hype surrounding artificial intelligence. While many crypto projects in this space still need to demonstrate a valid use case, their valuations are increasingly stretched, something we saw during the metaverse hype.

Many of these tokens are valued at billions in market cap despite having no real users, reminds me of the metaverse land craze that featured projects with just 20 active users yet sky high valuations.

Artificial Intelligence crypto portfolio

https://preview.redd.it/ruhll8ss5ytd1.png?width=1143&format=png&auto=webp&s=80fb38a135b966593d364d56ff65f9e08a011352

Metaverse crypto portfolio

https://preview.redd.it/psbrc41m5ytd1.png?width=1122&format=png&auto=webp&s=d36746c4c9aed2b5af81a32e92b50c9a1e2f39ac