Elon Musk’s Statements About xAI Ownership Drive Up AI Token Prices

Elon Musk's Statements About xAI Ownership Drive Up AI Token Prices

A.I. Coin Surge

If you are into digital currency trading or investing, you may have noticed that A.I. coins have rallied recently due to a surge in interest related to an notice by Elon Musk. Musk revealed that investors in X Corp. will have a 25% stake in his new A.I. deal, xAI. This development caused a bout of FOMO, leading to a surge in A.I. coins like Injective (INJ), The Graph (GRT), Worldcoin (WLD), Render token (RNDR), Oasis Network (ROSE), and Fetch. A.I. (FET).

Grok Token and xAI Products

The market has responded positively to the xAI deal, with A.I. products like the Grok chatbot already available. Grok, inspired by Elon Musk’s xAI, experienced a whole lot of increase in value during its beta launch, growing by over 1,200%. It’s known for its humor and independence, competing against other A.I. chatbots like OpenAI’s ChatGPT.

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Sam Altman and OpenAI

The displacement of Sam Altman as CEO of OpenAI likewise added to the hype around A.I. coins. Altman’s ouster resulted in a community uprising, calling for his reinstatement as the public face of the company. The latest information of Altman’s exit likewise influenced the price of his Worldcoin WLD token, dropping by 4.6% in the past 24 hours.

Altman has now joined Microsoft Corporation to lead a new advanced A.I. research team regardless of threats from OpenAI employees to resign unless he is reinstated.

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yPredict and A.I. Coins

yPredict, an all-in-one A.I. ecological system designed for developers, traders, quants, and analysts, is attracting attention as it moves through its presale stage. With upwards of $4.9 Million already raised out of the $6.507 Million target, yPredict is considered one of the top five cryptocurrency ICOs to buy in 2023. It is well-known for providing real-time trading signals from innovative predictive models by tier-one A.I. specialists, making it an attractive investment prospect.

To participate in the presale and purchase the YPRED token, visit the yPredict website.

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Hot Take: A.I. in the Cryptocurrency Market

The surge in A.I. coins in response to Elon Musk’s xAI notice and the excitement around products like Grok and yPredict demonstrate the growing synergy between A.I. and the digital currency market. It’s evident that A.I. technology is having a whole lot of impact on the cryptocurrency space, offering enticing investment opportunities and sparking a wave of excitement between traders and investors similar. Keep an eye on the A.I. segment within the digital currency market for probable future gains.

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Author – Contributor at | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.

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