From Nasdaq:

Crypto AI tokens like Worldcoin’s WLD, SingularityNET’s AGIX, and FetchAI’s FET surged following Nvidia’s strong earnings report. At least one estimate pegged the collective value of Crypto AI tokens at over $4 billion, with FetchAI’s FET soaring from 6 cents to 54 cents. However, the purpose and functionality of these tokens remain unclear.

Fetch.ai aims to provide a decentralized connectivity platform for users to interact with AI-powered digital agents for tasks like restaurant reservations and travel planning. The FET token is the key medium of exchange on the Fetch.ai network, used for services and network transaction fees. Concerns have been raised about the token’s role and potential value manipulation.

Worldcoin seeks universal access to the global economy through iris scanning technology, facing regulatory challenges over privacy concerns. Investors are skeptical of Worldcoin’s ability to protect digital identities in the AI age and question the need for its token. Speculation surrounds the potential pump-and-dump behavior of Worldcoin and FetchAI tokens.

Despite record highs, concerns linger about the sustainability of WLD and FET token prices. The volatility of these tokens and the potential for pump-and-dump schemes raise caution among investors. As with any new system, including crypto AI projects like Worldcoin, prudent judgment and vigilance are advised. Investors should exercise caution and consider the risks associated with these tokens.



Read more at Nasdaq: AI+Crypto: Trouble | Nasdaq