Artificial intelligence (AI) has gained significant traction across various sectors, including the blockchain industry.
In the past year, several AI-focused crypto projects have been hitting the nascent industry.
Despite its current association with the meme coin ecosystem, the increasing trust and belief in these robust algorithms could pave the way for even more remarkable advancements in distributed ledger technology (DLT).
One such project that has gained immense popularity in recent weeks is the alphAI community-driven blockchain project. However, like several other meme coins, it has experienced a decline in value in the last day.
Meanwhile, another AI-driven project, AiDoge, is generating massive interest as it prepares for an exchange listing in the next 24 hours.
However, this is not where the discrepancy in pattern ends. $AAI is also one of the poorest performers on DEXTools’ trading hot pairs.
This is in a market space where top meme coins like $PEPE are posting double-digit growth of 10.18% in the last 24 hours.
However, $AAI has not been entirely woeful from the onset. The digital token surged over 488% in the last seven days, meaning the current bearish strait could easily be a market correction before any bullish trend forms.
Its 24-hour trading volume has also increased by 15.25% to $721,000 plus, indicating whales are still in the project.
Nonetheless, alphAI holds a strong appeal in the fast-paced crypto space. The blockchain project allows investors to identify alpha coins before they launch using its signals.