Could Ai be the answer to cryptocurrencies?

AI could be the answer it’s looking for to tighten compliance without full regulation. AI’s strength lies in pattern recognition. Crypto’s ethos around decentralizing money is admirable, but currently flawed in execution. Here’s why we could see the beginning of a beautiful friendship forming. Crypto and the blockchain are all about anonymity.

Why is cryptocurrencies so volatile & prone to wild swings?

Crypto is volatile and prone to wild swings. We’ve seen more than one coin fold under the pressure of the economic downturn. Many lament the lack of regulation, but crypto was born out of the 2008 recession’s greed and a desire to move away from the big banks. The problem? Fraud is rampant, crypto hackers are rife, and there’s no redress.

Is volatile crypto a good investment?

When it comes to trading, this works well - when you add volatile crypto into the mix, it makes even more sense. The average retail investor can use this to their advantage with packages of crypto trades, similar to ETFs. Not to mention that if crypto is perceived as less risky, more investors will join the party.

Should crypto traders bet on AI-focused tokens?

Both are traditional software that do not use cryptocurrencies or blockchain and were launched by OpenAI, which recently raised $10 billion from Microsoft at a $29 billion valuation. Such institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector.