Market Dynamics Now Shifting to AI, RWA, Dumping Meme, DeFi, NFT

In a recent update, prominent market intelligence platform Santiment highlighted a significant shift in the crypto landscape towards artificial intelligence (AI) and real-world assets (RWA). Santiment noted that while trader interests were once primarily drawn to trends such as DeFi, NFTs, and meme coins, the focus has now shifted toward AI and RWA.

In particular, the market tracker found that crowd interest in AI and RWA has surged over the past six months, with social volumes and repeated mentions of the terms reaching new heights.

Santiment argued that this trend suggests that the domains could emerge as pivotal drivers of the future crypto market. Moreover, it noted that tokens associated with AI and RWA have witnessed substantial market interest, often benefiting from decouplings within the broader crypto space.

Assets affiliated with AI, as identified by Santiment, encompass The Graph (GRT), Fetch.ai (FET), SingularityNET (AGIX), Ocean Protocol (OCEAN), and Bittensor (TAO). Notably, all AI-focused crypto tokens have seen significant percentage growth over the past seven days.

On the other hand, cited RWA-related tokens include Avalanche (AVAX), Chainlink (LINK), Internet Computer (ICP), Maker DAO (MKR), and Synthetix (SNX). AVAX and ICP have been notable performers in this category, recording over 100% gains in the final quarter of 2023.

Notably, these RWAs signify the increasing convergence between the crypto sphere and tangible real-world assets, which promises new avenues for innovation and investment. In particular, experts have projected that the real-world asset tokenization market will reach a staggering $16 trillion valuation by 2030.

Besides, the CEO of BlackRock, Larry Fink, has expressed a bullish stance on the tokenization market. “I believe the next generation for markets, the next generation for securities, will be tokenization of securities,” Fink remarked at the recent DealBook Summit.

SOURCE