Ico, ieo, defi, meme, nft and so many altcoin trend came, created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?
Diversifying multiple investment options can be a good approach in the current crypto market. There are still many alt coins that have strong potential for future growth. I have noticed that most of the altcoins when they enter the market, their price shows a lot of pump, after a few days the price starts to go down and even there are many coins that disappear from the market later. I think the AI coin is going to lose its character, I'm not too worried about the direction this coin will take. I always focus on old top altcoins when investing. Investing in top altcoins maybe I will get less profit but I am less guaranteed to lose money from here.
You're right, but for now the momentum on AI coins is high after openAI investment is sora. Asides this I've also been looking at $OLAS after seeing it's on Bitget's AI zone . It's goal is to simply combine crypto and AI technologies. Definitely worth checking out