There are concerns raised by a seasoned crypto analyst, who is known as @DefiIgnas in X, about the potential problem of bots being amplified by the launch of Grok AI. It is worrying that X has chosen to launch Grok AI without addressing this issue. Grok AI is designed to handle and analyze real-time data, including information about the most popular cryptocurrencies.
For example, with the use of Grok, traders will have the ability to easily identify the most popular tokens within the last 24 hours or even the last 60 minutes, eliminating the need for manual browsing of relevant newsfeeds. This feature not only offers an innovative design but also opens up new opportunities for traders to manipulate the market using X bots. In simple terms, traders can create a bubble of information and initiate campaigns to promote their tokens on Grok. Consequently, this could potentially deceive cryptocurrency traders who may then integrate trading bots to swiftly acquire assets that are gaining traction on X. It is worth noting that while Grok AI falls behind GPT-4 in certain aspects, the implementation of Grok may have controversial effects. X is already an important platform for discovering tokens, and the launch of Grok could exacerbate the echo bubble within the cryptocurrency trading community. We will soon witness how this unfolds.
AI cryptocurrencies once again demonstrate their superiority in the market. Grok is specifically designed to leverage real-time data from the X platform, providing it with a significant advantage over its competitors. The segment of AI cryptocurrencies is currently experiencing positive growth ahead of the activation of Grok. According to CoinGecko’s data, the top artificial intelligence coins based on market capitalization have shown a 9.2% increase in the last 24 hours. Several mid-cap cryptocurrencies have also recorded overnight gains ranging from 30% to 50%. However, the leading AI cryptocurrencies in terms of market cap have experienced losses. Bittensor (TAO) and Render Network (RNDR) have seen a decrease of 0.1-0.2%, while SingularityNET (AGIX) and Fetch.AI (FET) have suffered losses of 4-8%.