"There are many types of AI tokens, not all of them will go up."
The artificial intelligence (AI) wave has been on the rise this year, but AI-related digital assets have unfortunately languished while cryptocurrency markets have witnessed bearish movements.
This can be seen in the AI token which is trading flat in line with the entire current crypto market movement. However, it should be known that there are certain factors that can push the price up.
Among them, Bitget crypto exchange recently opined that AI tokens will rise again in the near future.
Additionally, AI tokens may see an increase in their value when there are significant advances, breakthroughs or developments that could attract the attention of the crypto market to AI technology.
Major companies in the AI space that introduce new products or make improvements to existing products are also able to influence the AI token to rise from its current price.
For example, decentralized machine learning platform Fetch.ai and data sharing platform Ocean have gained traction since mid-August 2023 after launching a decentralized data exchange system designed to provide data backup while maintaining user privacy.
That streak, the price of AI tokens is expected to rise when the news and media coverage about AI is positive as investors will start to be interested in buying a large amount of AI-related digital assets.
Not only that, retail investors will also rush to buy AI tokens because FOMO may be triggered when they see many people profiting from the price increase that is about to jump higher.
