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AI crypto hype sounds like Metaverse hype

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by COINS NEWS 64 Views

AI crypto hype sounds like Metaverse hype

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?1143&format=png&auto=webp&s=80fb38a135b966593d364d56ff65f9e08a011352

Metaverse crypto portfolio

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

submitted by /u/Mr_Hodlerr
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