According to analysis firm Santiment, artificial intelligence (AI) and real-world assets (RWA) could be the drivers of the future crypto market.
AI and RWA crypto tokens have been gaining a lot of interest lately
As Santiment explained in a new article, post X has recently seen an increase in interest in topics such as AI and RWA. The relevancy metric here is “social volume,” which tracks the amount of discussion surrounding a particular topic or term that occurs on social media platforms.
This metric does this by counting the number of unique posts/threads/messages that mention at least one issue topic. This metric measures the number of posts, not the number of mentions themselves. This is because the number of mentions themselves can provide a skewed picture.
Consider a situation where you get a lot of mentions on these platforms, but are limited to just a few posts. There is definitely discussion on this topic. Still, the fact that only some users are participating in it may suggest that the average user may not be interested in the topic at all.
On the other hand, if there are a lot of posts about the topic, it means there is discussion happening across social media, and therefore there should be some interest outside of niche circles.
Here is a chart showing the trends in AI and RWA social volume over the past few months.
Looks like the value of the metric has been high for both of these topics in recent days | Source: Santiment on X
As shown in the graph above, the social volume for these two topics has been at a noteworthy level recently, suggesting that the crowd is paying attention to them. Based on this growing interest, Santiment believes these topics are “expected to be the driving force behind the crypto market in the future.”
“With traders’ interests constantly changing over the years, DeFi, NFT‘s, “Recent topics such as meme coins and staking have become a major focus, with many related tokens in turn benefiting from market decoupling,” the analysis firm notes.
Santiment also listed several cryptocurrencies related to these topics. On the AI side, we have The Graph (GRT), Fetch.ai (FET), SingularityNET (AGIX), Ocean Protocol (OCEAN), and Bittensor (TAO).
Meanwhile, when it comes to RWA, analysis firms point to cryptocurrencies such as Avalanche (AVAX), Chainlink (LINK), Internet Computer (ICP), and Maker (MKR). Given the high level of interest in both these topics, these assets could become assets to watch in the future.
Avalanche has seen a significant spike in asset prices over the past week, with asset prices surging nearly 30%. Following this surge, the cryptocurrency broke through the $35 level.
The graph below shows AVAX’s recent performance.
The price of the crypto has observed a sharp surge over the last few days | Source: AVAXUSD on TradingView
Featured images from Shutterstock.com, Charts from TradingView.com, Santiment.net
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