Since Open AI’s ChatGPT took off, AI tokens have been worth their weight in gold. Their market performance has stayed steady despite a crypto pullback that left most other coins on the edge of despair – proving they are here to stay and destined for greatness. But according to JP Morgan, this is only the beginning – institutional investors now see what potential AI tokens hold, pouring more money into these tokens than ever before.
Institutional Investors Prefer to Invest in AI
An intriguing survey by JP Morgan revealed that most institutional investors are investing in AI and machine learning technology. 835 traders from six global markets were surveyed, with the results showing an increase from 25% to 53%, signifying drastic growth in investor sentiment towards these burgeoning technologies. With this major shift comes a heightened interest in AI and its sister discipline -machine learning.
AI integration and blockchain technology stood out as two of the most popular investments for institutional investors, with 14% and 12%, respectively. Interestingly enough, cryptocurrency trading was not deemed something that many institutions pursued — despite evidently being drawn to blockchain tech in general.
According to JP Morgan‘s survey, surprisingly, only 8% of investors have traded in cryptocurrencies. An impressive 72% said they had no plans to trade digital coins, while the remaining 14% plan to enter this market within a year.
AI Tokens Show An Uptrend
Recently, the value of AI tokens such as FET and AGIX has skyrocketed. These digital assets that were once relatively unknown now top Coinmarketcap’s data aggregator website, with a 28% increase in their worth within just 24 hours! GRT from The Graph trails shortly behind it with 12%. Furthermore, other remarkable AI tokens like FET, NMR, and ALI saw double-digit increases only yesterday! Altogether these stellar gains amount to over 100%, making them some of the most successful tokens on the market.
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