In the last 30 days, the cryptocurrency landscape has experienced significant surges in various sectors, including top crypto tokens, AI-related tokens, and game-related tokens. This surge is attributed to the potential approval of a spot Bitcoin ETF and the rapid evolution of AI technology and the gaming industry.
Kaiko: Surging Trade volumes in AI tokens
On November 28, 2023, Kaiko, a prominent crypto research firm, highlighted data indicating a substantial increase in the trade volume of AI-related tokens since the middle of October 2023. Notable tokens leading this charge include Render (RNDR), the recently launched Worldcoin (WLD), and Fetch AI (FET).
Despite the several tokens within the AI industry, recent data from CoinMarketCap highlights the outstanding performance of key players. Over the last 30 days, RNDR has shown an impressive 23% upside movement, WLD has demonstrated a significant 33% upward momentum, and FET has outpaced both with a remarkable 40% upside momentum. Currently, they outperform Bitcoin (BTC), which has only moved 8.7% in the last 30 days.
Examining current token prices, RNDR is currently trading near $3.22, reflecting a 3% increase in the last 24 hours. WLD is priced at $2.48, experiencing a fair 1.25% decrease in the last 24 hours. Meanwhile, FET is trading at approximately $0.5327, delivering a significant 4% return over the last 24 hours.
Also Read: AI tokens gain while crypto market dip, Here’s why
Crypto community reacts to Buterin’s concern
The surging growth of the AI industry is attracting a considerable number of investors due to its inherently appealing nature. However, amidst this enthusiasm, Ethereum founder Vitalik Buterin has raised pertinent concerns about the potential dangers of artificial intelligence (AI). In his recent blog post titled “My Techno-Optimism,” Buterin underscored the unique risks associated with AI, suggesting it could evolve into a form of intelligence misaligned with human interests.
This post has ignited diverse reactions within the AI and blockchain communities on social media platforms like X (formerly Twitter). While some resonate with Buterin’s concerns, others criticize his viewpoint.
An account on X, Emergent Perspective, has supported Buterin’s cautionary stance, emphasizing the importance of acknowledging that positive intentions alone may not prevent AI from causing harm. This ongoing discussion reflects the ongoing debate within the tech world regarding the potential risks and benefits of advancing technologies such as AI.
