


WHY COINBASE ANALYST THINKS THAT CURRENT AI TOKEN PRICES ARE DRIVEN BY HYPE? - AI tokens have shown recent profitability outperforming Bitcoin and major stocks. However, Coinbase analyst David Han expresses caution about their long-term sustainability, in a recent report. - The… https://t.co/P17rXqUGMQ https://t.co/7G4EcrelOJ
UPDATE: AI TOKEN PRICES ARE DRIVEN BY HYPE RATHER THAN VALUE - COINBASE ANALYST
AI tokens may be rocketing, but Coinbase’s @0xdavidhan says it could be more fumes than fuel. https://t.co/bmqwDSuqXA

The cryptocurrency market is witnessing significant activity around AI tokens, with $TAO leading the charge. Phemex recently announced the listing of $TAO, while LuckyTraderHQ reported a new all-time high (ATH) for $TAO, attributing a 9% gain in the last 24 hours. Bittensor, another AI token, has seen a remarkable 73% increase in the last 30 days and nearly 700% on the year. Coinbase is also showing interest in AI tokens, with mentions of $TAO and Bittensor in their latest reports and the upcoming listing of $AKT. The interest in $TAO extends to Binance, where it is the top-picked token for future listing, supported by over 13,000 nominations. Despite the buzz, Coinbase analysts, including David Han, have expressed skepticism, suggesting that the surge in AI token prices might be more driven by hype than by underlying value. This skepticism is echoed by reports indicating that the $26bn crypto AI market's recent 30% increase might be overstated.