AI-Related Coins Slide as Google Search Shows Peak Retail Investor Interest

Top coins supposedly associated with artificial intelligence have dropped over 20% in seven days.Spikes in crypto-related Google search queries have historically occurred at major market tops, validating legendary investor Warren Buffet's mantra of buying in doom and selling in boom. A similar dynamic now seems to be playing out in the market for tokens supposedly related to artificial intelligence .

The so-called AI coins like FET, RNDR, TAO and GRT have seen their market value slide by as much as 30% in the past seven days, according to data sourceGoogle Trends is widely used to gauge general or retail investor interest in trending topics. It shows the value for the search query"AI" over the past 12 months reached a peak of 100 last week. That's the same as the value of the past five years.

Though only indicative, the tool may be a good indicator to watch as the masses are often driven by emotions and frequently the last to enter a bull market and exit a bear market. For instance, spikes in searches forwith technology stocks in late 2022 after the debut of ChatGPT raised general awareness about artificial intelligence.

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