Discover the impact of Chinese startup DeepSea on the sharp decline in digital currencies based on artificial intelligence. Experts view the price drop as a buying opportunity.
Today, digital currencies based on artificial intelligence dropped by 7.66%, reaching a market value below $44 billion. This price decline occurred after the Chinese newcomer DeepSea emerged as a serious competitor to American companies by developing AI models costing $6 million. Leading digital currencies in AI such as Nerv Protocol, Internet Computer, Render, and Filecoin faced an 8 to 10% drop. Meanwhile, the Nasdaq index also experienced a 330-point decrease in Monday night trading. Experts see this price drop as a buying opportunity and believe that a reasonable price for DeepSea’s services could aid in expanding AI applications.
