AI and Real-World Assets Gain Momentum as Cryptocurrency Prices Stabilize
As nations make progress in promoting the expansion of the artificial intelligence sector, market data from Santiment indicates an uptick in conversations among investors and traders regarding the potential of real-world assets and artificial intelligence. The increasing importance of AI and real-world assets is evident as discussions about cryptocurrency prices have waned due to market volatility and stabilization.
According to data from Santiment, there is now a growing sentiment surrounding BTC reaching $40,000, which could be seen as a positive indicator for investors. However, the level of search interest in Bitcoin exchange-traded funds (ETFs), a significant cryptocurrency metric, has remained relatively modest despite the rise in BTC’s price.
On the other hand, discussions surrounding AI and real-world assets have gained more attention. Search volumes for various topics, including the Consumer Price Index (CPI), PayPal stablecoin, Curve drama, bull market, and bear market, show notably lower levels of engagement compared to discussions about AI and real-world assets. This data highlights the increasing importance of AI and real-world assets as emerging focal points in the worldwide financial arena.
Additionally, AI-driven cryptocurrency tokens are experiencing a substantial price surge. The involvement of major global tech companies, such as Google, Microsoft, and Anthropic, in AI investments and their efforts to promote AI growth and development have prompted investors to reconsider their investment choices. As businesses worldwide pivot toward AI and real-world assets, the surge in conversations related to AI seems to have overshadowed the cryptocurrency price landscape.
The significance of AI is further emphasized by Collins Dictionary, which declared it the word of the year for 2023. Collins noted that AI has witnessed substantial progress and widespread discussions, earning the reputation of the “next significant technological revolution.”
Building upon prior efforts, United States President Joe Biden issued an executive order on Oct. 30, establishing new standards for artificial intelligence (AI) safety and security. The directive incorporates AI safety pledges by 15 industry leaders and addresses the ethical implementation of AI in government, citizen privacy measures, and safeguarding consumer data.
As the world continues to embrace AI and real-world assets, the financial landscape is shifting, and investors are paying closer attention to these emerging trends. With cryptocurrency prices stabilizing, the potential of AI and real-world assets to drive economic growth and innovation is gaining traction among traders and investors.
Quote: “The increasing importance of AI and real-world assets is evident as discussions about cryptocurrency prices have waned due to market volatility and stabilization.” (Santiment data)
Quote: “The surge in conversations related to AI seems to have overshadowed the cryptocurrency price landscape.” (Santiment data)
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About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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