What to know:
- Reply bots on X are populating posts on nearly everything, using artificial intelligence models to increase reach and blockchains to settle micro transactions or record data.
- Virtuals Protocol is the largest AI Agent creation tool by market capitalization. Its biggest agent is worth nearly $500 million.
- Many market watchers see these agents as the next step in crypto markets.
As a seasoned crypto investor with over a decade of experience in this volatile market, I’ve witnessed the evolution of blockchain technology and its applications firsthand. From bitcoin‘s inception to the rise and fall of countless altcoins, I’ve seen it all.
Now, as I navigate through the ever-changing landscape of the crypto world, I find myself intrigued by the latest development – AI agents. These bots have taken over Crypto Twitter like a digital swarm, using artificial intelligence models to analyze data and interact with other bots, even launching their own tokens based on their decisions.
While I’ve encountered many trends in this market that came and went, the rapid growth of the AI Agents sector has caught my attention. The success stories like ai16z and G.A.M.E are impressive, to say the least, with millions locked up in user tokens and a significant impact on market predictions and trends.
However, as someone who’s been through multiple crypto winters, I remain cautious about jumping headfirst into this new trend. The rapid growth and hype surrounding AI agents remind me of DeFi summer, where the hype often outpaced the underlying fundamentals.
That being said, I see potential in this space, especially if it manages to create a more inclusive trading ecosystem as some market watchers suggest. If these bots can truly revolutionize markets by blending data-driven insights with community strategies, they could indeed be the next step in crypto’s evolution.
As for my investment strategy, I plan to closely monitor the developments in this space and approach it with a measured, thoughtful approach. After all, even the most advanced AI bot can’t guarantee profits – not without a little human common sense!
Oh, and as always, remember: Never trust an AI bot that can’t tell a good joke. If it can’t make you laugh, it might be time to cash out!
Although the concept of a fully deceased internet isn’t entirely upon us yet, Artificial Intelligence (AI) entities have already become quite dominant on Crypto-related Twitter communities.
As a crypto enthusiast, I’ve noticed an influx of automated responses across various platforms, particularly X. These bots leverage advanced AI models to amplify their presence and interact with more users. Interestingly, they also use blockchain technology for settling small transactions swiftly and securely, or for recording data in a transparent and immutable way.
More and more bots are communicating among themselves, frequently resulting in pairs of these bots creating their own digital currencies or tokens. Although human intervention is still necessary for the creation of these tokens, the idea often arises from the decisions made by the artificial intelligence bots.
Your CHAOS token has been successfully implemented on the Base platform. For additional information, you can refer to the following resources:
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— Simulacrum AI (@SimulacrumAI) December 2, 2024
As a seasoned journalist with over two decades of experience in the financial industry, I must admit that the increasing use of AI bots to respond to posts on CoinDesk has left me somewhat disheartened. While I understand the allure of automation and its potential efficiency, the lack of human touch and personal insight in these responses leaves me yearning for the days when a journalist’s unique voice and perspective could be heard in every response.
In my career, I have always valued the art of storytelling and the ability to connect with readers on a deeper level through my writing. The use of AI bots feels like a step backward in that regard, as it removes the human element that makes journalism so special. It’s not that I am against technology or automation, but when it comes to interpreting and analyzing complex financial news, I believe there is no substitute for the nuanced understanding that only a seasoned journalist can provide.
In my opinion, the use of AI bots in journalism should be limited to simple tasks such as data collection or fact-checking, but the interpretation and analysis should always remain in the hands of human journalists. This way, we can strike a balance between efficiency and quality, ensuring that readers receive accurate, insightful, and engaging content.
That being said, I am open to the idea of AI bots playing a greater role in journalism as they continue to evolve and improve, but for now, I remain hopeful that the human touch will always remain an essential part of the equation.
As an analyst, I’ve conducted a correlation analysis that indicates a negative relationship between XRP and the U.S. Dollar Index (DXY), with a coefficient of -0.72. To make an informed entry decision, I need to analyze hourly price data and volume profile. The current risk-reward setup seems promising, suggesting a 0.3 unit position size, with tight stops in place for risk management.
— Quantino | kolin (@Quantino__) December 30, 2024
Over the last several months, the AI Agents field has emerged as cryptocurrency’s most vibrant sector, outperforming price increases in Bitcoin, meme coins, and tokens associated with decentralized finance.
ai16z, a humorous take on venture firm a16z, stands out as the front-runner among agents. It functions as a decentralized hedge fund and allows token holders to be “partners” by contributing their assets to an on-chain fund. This grants them a share of the profits until the fund’s maturity date in October 2025. As of Monday, Dec 30, the fund had accumulated over $22 million worth of user tokens.
The trading choices are a blend of the bot’s market interpretation, and token holders who meet a specific level can engage directly with the bot, proposing suggestions and attempting to impact its investment decisions.
The team responsible for AI16Z, which operates on the Solana blockchain, is contemplating the creation of a separate blockchain specifically tailored for artificial intelligence applications. In the first quarter of 2025, they plan to launch a token platform, potentially acting as the primary hub for deploying AI projects built utilizing the Eliza framework (the software that underpins ai16z).
At the takeoff point, various systems could be implemented such as payment for launches, locking tokens for entry access, and pairings of liquidity pools to secure value. The AI16Z token would play dual roles: it would provide control rights within the DAO and serve as a functional token.
The launch site could incorporate systems like fees for launches, token locking for entry access, and pairings of liquidity pools to accumulate value. The AI16Z token would fulfill two roles: it would give control rights within the DAO and act as a utility token.
The Virtual Protocol stands as the most capitalized AI Agent development tool within the market. It empowers users to design and code their personal AI agents, and even issue a market-tradeable token associated with these creations.
The leading Virtuals-focused AI, G.A.M.E, manages over $32 million in resources and boasts enhancing the decision-making abilities of other agents. AIXBT, the most capitalized Virtuals-centered AI by market value, has a token valued close to half a billion dollars ($500 million), as reported on Monday.
Regularly, the AI-powered bot AIXBT sifts through tweets on Cryptocurrency, focusing on public opinion, current market values, and technical assessments to generate forecasts or trend indications. Since its establishment in November, this bot has amassed a following of more than 240,000 users.
What Market Traders Say
Previously mentioned in a CoinDesk analysis, the rise of AI Agents began in October, spearheaded by the viral Twitter account Terminal of Truths (@truth_terminal). Initially designed to share philosophical thoughts and internet culture memes, this AI developed its ability to converse by delving into the vast realm of Infinite Backrooms – an unedited conversation between two other artificial intelligence entities.
These bots are trained on vast datasets of text, including books, articles, websites and other sources. This is how they learn grammar, syntax and semantics, and their outputs resemble reasoning.
When AI bots are trained using human-created content, they may unintentionally perpetuate any biases present in that material. This implies that the information or actions (like promoting a particular token) produced by these new AI bots on social media will mirror the data provided during their training phase. Therefore, if users want an AI bot to promote memecoins or discuss a specific topic, they can influence it accordingly.
Many market watchers see these agents as the next step in crypto markets.
Neal Wen, Head of Global Business Development at Kronos Research, recently shared with CoinDesk that AI agents and social trading are transforming financial markets. By combining data-based knowledge with community approaches, they’re building a more intelligent and accessible trading environment. AI tools provide traders with swift data analysis and automated strategies, improving their decision-making and risk management skills.
Collectively, these advancements give both seasoned and new traders the ability to boost efficiency, liquidity, and market stability. In essence, this is a significant milestone in the development of cryptocurrency trading, as it makes the process more approachable and vibrant for everyone, according to Wen.
According to Nick Ruck, the director at LVRG Research, AI agents are increasingly overshadowing memecoins due to successful projects such as AI16z, Zerebro, and Virtuals. These projects empower users to develop their own agents, issue tokens through pump.fun, and automate tweets on Twitter. On a weekly basis, new applications are emerging as AI agents broaden their compatibility with various platforms, leading to the creation of autonomous hedge funds, live streams, and other innovative uses.
Ruck noted that the recent spike in attention and funding resembles what we experienced during the DeFi boom period of 2020-2021,” is a more natural way of expressing the original statement, making it easier to understand for readers.
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2024-12-30 18:19