AI-Based Crypto Assets Soar, Crypto Magic: Don't FOMO!

AI-based crypto illustration (photo: Unsplash)

JAKARTA - On Monday, February 19 at 08:00 WIB, Bitcoin perched at 51,636 US dollars (Rp808 million), decreased 0.86 percent in the last 24 hours, but still rose by 3.60 percent for the last 7 days.

Apart from Bitcoin, earlier this week most of the altcoins also experienced a significant increase, especially from the Artificial Intelligence (AI) sector, which experienced positive performance when viewed from the last 7 days.

Altcoins such as Worldcoin (WLD) shot up 175 percent by 7.32 US dollars (Rp113 thousand), NET Singularity (AGIX) also increased by 64 percent to 0.5138 US dollars (Rp.8 thousand) and Render Network (RNDR) rose 28.66 percent perched at 6.17 US dollars (Rp.96 thousand).

According to the Financial Expert Ajaib Kripto Panji Yudha in his statement, the increase in altcoins was triggered by the announcement of OpenAI releasing Sora AI on Friday, February 16.

"Sora AI is a text generator to a video that can make up to 60 seconds of video based on a written order using a generating AI," Panji explained.

However, Panji emphasized that investors should not see this fantastic increase. He also advised investors to do research before collecting tokens that fall into the AI category.

"Furthermore, this week the release of Nvidia's 4th quarter revenue is scheduled for Wednesday, February 21. This report becomes very important for AI tokens such as WLD, GRT, RNDR, and AGIX, etc.," he said further.

Because according to Panji, Nvidia's performance can be seen as a barometer of sentiment for the AI sector and positive results can again encourage the AI sector this week.