Post
Topic
Board Altcoin Discussion
Re: Market is bearish and AI narratives are still bullish
by
X-ray
on 19/06/2024, 03:45:32 UTC
Maybe its just me but I don't think AI narrative is that bullish anymore, instead its DePin that thrives, just for example latest IONET listing shows significant price pump though it gets back to its initial listing price but the market cap is already as big as RNDR at the first time listing, people definitely bullish about these whole computing power thing, like when you see in AI category in CMC for example, you see these DePin coins dominating the biggest market cap, the rest of coin that are in AI category are just not really impressive. but honestly aside from the generic LLM models wrapper that kept being shoved up to the market, the machine learning, depin, and AI coins that truly brings something to the table does have high market valuation.


I still don't know why on this earth would human being believe that AI can analyze market
it can analyze market to some extent but mostly its just text book analysis, literally just explaining current market based on indicator and thats it, no hunch that things might go wrong because probability of ETF disapproval from example from what I've experienced using some AI with their latest models and just try throwing data into it.
all these new platforms are probably just wrapper around the existing LLM models, i don't believe new project willing to start from scratch building their own models with all the computation power that it needs though probably including what OP is mentioned.