Date: Tue, Sept 24, 2024, 04:56 AM GMT
As the crypto market edges closer to October—widely believed to be the potential start of the next bull run—there’s a noticeable shift in the industry’s focus.
Back in 2021, the excitement revolved around gaming and metaverse tokens, skyrocketing projects like GALA, AXS, SAND, and MANA to incredible highs. Fast forward to 2024, and the spotlight has shifted to a different tech frontier: artificial intelligence (AI). This could signal that AI tokens are set to become the next big thing in crypto.
Flashback to the 2021 Bull Run:
During the last major bull market, gaming and metaverse tokens experienced insane growth. To recap:
- GALA: Leapt from $0.004 to $0.68, delivering a jaw-dropping 17,000% increase.
- AXS: Surged from $0.15 to $164.95, marking an extraordinary 109,967% rise.
- SAND: Shot up from $0.02 to $8.45, an impressive 42,250% jump.
- MANA: Climbed from $0.02 to $5.92, notching a 29,600% boost.
The 2024 Hype: AI Tokens Take Center Stage
Now, as we near late 2024, the buzz has shifted from virtual worlds to artificial intelligence. Tokens like NEAR Protocol (NEAR), Artificial Superintelligence Alliance (FET), Bittensor (TAO), and Render (RENDER) are leading the AI movement in crypto. These projects are not just riding the AI trend—they are at the forefront of transforming how we handle data, privacy, and computational power.
- NEAR Protocol: Known for its scalability and interoperability, NEAR is becoming more essential as AI requires fast, secure data exchanges. These features could make NEAR a valuable player in a future driven by AI.
- Artificial Superintelligence Alliance (FET): This token is gaining traction for its autonomous economic agents, which use AI to streamline industries ranging from logistics to finance. FET’s recent price movements reflect growing confidence in its innovative technology.
- Bittensor (TAO): Bittensor is creating a decentralized AI network, enabling machine learning models to be trained and shared in a distributed way. The vision behind TAO is a future where AI development is community-driven, rather than controlled by a few big tech companies.
Could AI Tokens Mirror 2021’s Metaverse Boom?
If the AI sector continues gaining momentum and the market enters another bull run, it’s possible that AI-focused tokens like NEAR, FET, TAO and RENDER could see explosive growth, similar to what we saw with GALA, AXS, SAND, and MANA in 2021. The combination of rising interest in AI and the broader crypto rally could turn these tokens into the standout winners of 2024.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research before making any investment decisions.