A recent Coinbase report notes that the perceived value of numerous AI tokens has been overstated, leading to concerns regarding their sustainability.
Since the start of the year, AI tokens such as Akash and Render have experienced significant increases, with gains of 146% and 99%, respectively, surpassing Bitcoin’s 54% rise. Despite these impressive increases, Han pointed out that the future outlook for most of these projects remains uncertain.that AI tokens typically benefit from the overall bullish sentiment in the crypto market and the dissemination of AI-related news.
Han also highlighted specific challenges faced by AI tokens like Akash Network. It operates similarly to tech giants such as Amazon and Google by leveraging users’ computing power for cloud computing in exchange for payment, which has seenFurthermore, he suggested that projects like that should reconsider their token distribution strategies to attract more attention.