44% are bullish over crypto AI token prices: CoinGecko survey
A recent survey conducted by CoinGecko has revealed that nearly half of cryptocurrency analysts are optimistic about the future of crypto AI tokens, indicating a promising outlook for this $23.6 billion sector. Among the 2,632 respondents surveyed between February and March, 25% expressed they were “fully bullish,” while 19.3% stated they were “somewhat bullish” regarding the prospects of crypto AI tokens by 2025.
Conversely, around 29% of respondents remained neutral, and a combined total of 26.3% identified as either somewhat bearish or bearish. This diverse sentiment reflects a broader discussion about the maturation of the crypto AI sector, with analysts noting improved use cases and growing adoption of technology merging crypto and AI.
Yuqian Lim, a crypto research analyst at CoinGecko, remarked that the anticipation surrounding crypto AI may signal a shift in how participants view the technology. “This perhaps shows that crypto participants are not differentiating between crypto AI’s investing or trading potential and the technology itself,” Lim explained. Expectations appear to suggest that now is the pivotal time for crypto AI to transition from a conceptual framework toward a more developed, functional sector.
The tracker from CoinGecko highlights that significant players in the artificial intelligence coin market include Near Protocol (NEAR), Internet Computer (ICP), and Bittensor (TAO), collectively holding a market capitalization of approximately $23.6 billion. Additionally, a separate categorization of AI agent coins, such as Artificial Super Intelligence (FET) and Virtuals Protocol (VIRTUAL), commands a market cap of around $4.5 billion.
The survey also differentiated between long-term investors and short-term traders, as well as between “early” and “late” adopters of crypto AI technology. Interestingly, it was noted that early adopters, identified as “innovators,” displayed greater bearishness compared to later adopters, with “laggards” being the most negative in sentiment.
Spencer Farrar, a partner at Theory Ventures, an AI and crypto-focused venture capital firm, expressed his views on the current state of AI applications within the crypto sphere. He acknowledged a certain “frothiness” in the market but remained optimistic about the potential for more utility to emerge in the future. Farrar anticipates further experimentation with crypto AI tokens, as they provide retail investors access to smaller market cap ideas that might not be easy to find in traditional stock markets.
According to Farrar, the nature of the open-source world tends to promote tinkering before significant breakthroughs occur. He indicated that Theory Ventures is particularly focusing on decentralized GPU provider protocols, decentralized data providers, and payment infrastructures for AI agents leveraging blockchain technology.
Furthermore, he highlighted an intriguing opportunity for crypto—utilizing it as a method for authenticating content as either AI-generated or human-generated.
With the growing interest and investment in crypto AI technologies, market participants will likely keep a close watch on developments and adjustments in sentiment as the sector evolves. The combination of AI advancements and crypto innovations could usher in a new era for both technologies, each fueling the other’s growth and utility in the digital economy.
