According to analytics firm Santiment, the future of the crypto market could be driven by Artificial Intelligence (AI) and Real-World Assets (RWA).
Recently, Santiment noticed a significant increase in interest surrounding AI and RWA topics. This rise in attention was measured using the “Social Volume” indicator, which tracks the number of discussions about a specific topic on social media. Rather than counting the number of mentions, this indicator focuses on the number of unique posts to provide a more accurate representation of interest.
The chart below shows the trend in social volume for AI and RWA over the last few months:
As shown, there has been a noticeable increase in social volume for both AI and RWA, indicating a growing interest in these topics. Based on this trend, Santiment believes that they could be future drivers of the crypto market.
The analytics firm also notes that in the constantly evolving landscape of trader interests, AI and RWA have become major focal points alongside other popular topics such as DeFi, NFTs, memecoins, and staking.
Santiment has identified several cryptocurrencies that are connected to AI and RWA, including The Graph (GRT), Fetch.ai (FET), SingularityNET (AGIX), Ocean Protocol (OCEAN), Bittensor (TAO), Avalanche (AVAX), Chainlink (LINK), Internet Computer (ICP), and Maker (MKR). With the high level of interest in these topics, these assets may be worth keeping an eye on in the future.
Speaking of Avalanche, the crypto has experienced a significant surge in the past week, with its price increasing by almost 30%. This surge brought the price of AVAX above $35, as shown in the chart below:
Clearly, the price of AVAX has been on a steep upward trend, highlighting the impact of the increased interest in AI and RWA.
In conclusion, it seems that AI and RWA are two topics that could have a significant influence on the future of the crypto market. With the growing attention surrounding these subjects, it’s important to keep an eye on related assets and their performance.
