Elon Musk's statement that Tesla could become the first company to reach General Artificial Intelligence (AGI) caused DeAI Token to surge by 7.4% in just 24 hours.
This post sparked a new wave of speculation in blockchain-based AI Token , leading to a sharp increase in volume across the entire Token group.
Why this is important:
- Stories about AGI have always tended to drive short-term capital into DeAI projects and the Tokenize of computing power.
- The volume on AI Token indicates a significant shift across the entire industry, rather than just isolated fluctuations.
- Musk's immense influence on Twitter is creating a strong wave of FOMO (fear of missing out) among retail investors faster than most other market news.
Detail:
- Bittensor (TAO) and Virtuals Protocol both surged 7.4% in just 24 hours following Musk's statement.
- Internet Computer (ICP) increased by 6.4% and Kite added 6.6% during the same period.
- The Artificial Superintelligence Alliance (FET) saw only a slight increase of 4.7%.
- Musk's post on X received a lot of engagement, including a comment from entrepreneur Simon Squibb.
- Not all AI-related Token have increased in price; the performance of this group has been quite mixed overall.
Overview of the bigger picture:
