AI Tokens outperforming Bitcoin

June 12, 2024


In the volatile world of cryptocurrencies, where Bitcoin’s recent stumble has sent ripples through the market, some altcoins are showing resilience and even outperforming BTC, the leading coin, dominating the entire crypto market by 54.2%. For instance, AI altcoins are stealing the spotlight with a combined trading volume surging by 43% in the past 24 hours. This follows Apple’s announcement of leaping into artificial intelligence with the integration of OpenAI’s ChatGPT into Siri. This development initially saw AI tokens continue to decline in value, with a 6% loss in market capitalization. Elon Musk criticized Apple’s partnership with OpenAI, expressing concerns about user security and privacy.

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