Investors often use investor attention to judge market sentiment, among which Google Trends data is a simple reference indicator. This data ranges from 0 to 100 and is used to measure the "relative" search popularity of a specific keyword at a specific time and place.
The closer the value is to 100, the higher the search popularity of the keyword and the hotter the market sentiment; conversely, the closer the value is to 0, the more cold the market sentiment is.
"AI" search popularity reaches 100
Currently, according to Google trend data , in the past year, the keyword "AI" has continued to increase in popularity on Google searches, reaching a peak of 100 at the beginning of this month. People's interest in artificial intelligence has reached its peak:
In other words, the craze for artificial intelligence has completely swept the public, and more and more investors are looking for AI-related investment opportunities.
AI concept coins have plummeted in the past week
Although the trend of AI concept stocks in the US stock market is still very strong, for example, AI chip leader NVIDIA closed at US$135.58 per share on Tuesday Eastern Time, with a market value of US$3.34 trillion, a new high, surpassing Microsoft to become the world's largest listed company by market value.
However, in the cryptocurrency market, according to CoinGecko data , the AI concept coins that are currently the most popular in the market have experienced sharp declines in the past 7 days:
- NEAR: at $4.8, down 19% in the past seven days
- ICP: reported at $8.25, down 17.2% in the past 7 days;
- FET: at $1.21, down 20.1% in the past seven days;
- RNDR: reported at $7.63, down 5.5% in the past 7 days;
- TAO: reported at $290.95, down 9.7% in the past seven days;
- …
Although Bitcoin has continued to fluctuate and fall recently, in addition to AI tokens, mainstream cryptocurrencies such as Ethereum and other Altcoin have also experienced huge declines on the market; if Bitcoin rebounds in the future, it does not rule out that AI tokens will follow suit. possibility.
However, some analysts in the market believe that the encryption market is a leading indicator. Have AI concept stocks reached their peak? It deserves our continued attention.
