AI coins bubble deflates as Google search interest peaks
The market for AI coins, such as Fetch.ai (FET), Render (RNDR), Bittensor (TAO), and The Graph (GRT), appears to be experiencing a significant downturn. Some tokens lost up to 30% of their value in just one week, according to Coingecko data.
This decline coincides with a peak in Google search interest for the term “AI,” as indicated by Google Trends. The search query reached a value of 100 last week, the highest level observed in the past five years.
Is the crypto AI peak behind us?
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