AI COINS HYPE

Liquid staking coins are coins like Lido financial which has pumped up big time in recent weeks as well as other liquid staking coins such as Rockpool and frax share. The focus around this conversation has been on Ethereum staking in particular and the coming unlock event for staked Ethereum which is coming up in March. So that's about 4 to 8 weeks from where we are right now unless the event gets delayed which can happen in the Ethereum world but it seems like it's going to be going on in March.

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Non-Ethereum liquid coins have not seen the same kind of hype that those names I mentioned have. So we are really talking about these coins and the Ethereum staking narrative when we talk about these liquid staking derivative coins. My feeling here is that these coins could continue to into the hype around the Ethereum Shanghai upgrade coming in March. We could have actually ended up seeing a sell the news coming in afterward which is very typical when are seeing a big tech upgrade happening, particularly around Ethereum.

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What incentive is there to hold any of these coins when the hype dies down to not take profits on that pump? I don't see much personally, these are mostly just governance tokens. They don't pay you a yield for holding the token. They do not give a few, discounts, or any kind of privilege to access.

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The AI coins had mostly had a huge run this year. Fetch AI, the graph, Ocean protocol, and so on, all these coins did really very. A lot of that narrative is based on the hype around GPT which got valued at around 30 billion dollars, and Microsoft looking to take half the company. The AI hype, I think is really well deserved because AI is going to change most people's lives in more ways than we can actually really even imagine at this point. For most of us, it's very hard to actually invest in good AI companies but anyone anywhere can ape into AI coin.

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However, much like metaverse coins, my opinion is that this niche will have its moment in the sun before facing a bit of a correction. Now, they probably pick up the next time when a big AI company gets valued. You should that holding a crypto coin does not mean you own the underline company, so your token could accrue in value if demand for the token rises due to demand to use it on the platform. In many cases, the taking is used to purchase AI services which is some kind of data on that particular platform.