The recent news of Elon Musk's discussions with AI researchers has once again caught the attention of the crypto market, with some interpreting his latest tweet as a subtle hint about the market. While it's possible that Musk's tweet has nothing to do with cryptocurrencies, his association with Dogecoin ($DOGE) adds to the speculation. In recent times, AI tokens have gained significant attention, with the rapid success of ChatGPT and the hype surrounding AI-related products.
The success of ChatGPT has propelled artificial intelligence-related cryptocurrencies such as The Graph (GRT), SingularityNET (AGIX), and Fetch.ai (FET) to high value in recent times. As a result, the cryptocurrency market has become increasingly bullish on cryptocurrencies with AI-based use cases.
Elon Musk AI Plans
Musk's recent statement that he used to be involved in crypto but is now interested in AI has fueled speculation that he may be interested in AI-related cryptocurrency tokens. In addition, Musk's latest tweet, which references “In The Singularity,” has piqued the interest of the crypto market, although the significance of the tweet remains unclear. This has led to further speculation about the potential for SingularityNET (AGIX), an AI-focused project, to gain Musk's attention.
As a result, the price of AGIX token experienced a slight increase, rising by approximately 1% within an hour. SingularityNET project is affiliated with the Cardano ecosystem and although the crypto market has been experiencing fear, uncertainty and doubt (FUD) around Silvergate, AGIX token's value surged by 11% over the past week, while Bitcoin fell by 3% during the same period.
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