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The recent decline in AI-related crypto is accompanied by a spike in searches on Google by retail investors. Historically, such increases in search queries have occurred at market peaks.  Thus confirming the mantra of the legendary investor Warren Buffet: buy during crises and sell during boom periods. This phenomenon suggests that the growing interest could herald significant changes in the cryptocurrency market linked to artificial intelligence. Let’s see all the details below.  Crypto and AI research on Google: ‘search peaks correspond to market highs’ As anticipated, the crypto markets related to artificial intelligence (AI) are experiencing a period of turbulence, reflecting a dynamic observed in the peaks of searches on Google.  This phenomenon not only illustrates the investment theory of Warren Buffet, but also signals a possible change in investor sentiment. In the last seven days, tokens like FET, RNDR, TAO, and GRT have recorded significant losses of up to 30%, according to Coingecko. In contrast, Bitcoin has shown a more moderate loss of 2.8% in the same period, while the CoinDesk 20 (CD20) index has highlighted a decline of 6%. Google Trends has reported a spike in interest for artificial intelligence, with the query “AI” reaching an index of 100 last week, the highest level in the past 12 months.  This growing interest reflects the enthusiasm of retail investors towards AI and the focus on companies like Nvidia (NVDA), a leader in the chip sector. These developments could suggest a phase of euphoria that could soon reverse, according to experts like Jeremy Grantham of GMO.  The analysis of search peaks and market movements can serve as a warning for investors, encouraging them to consider their investment decisions with caution while the criptovalute AI market continues to evolve. Srinivasan: the future of crypto in the era of artificial intelligence Balaji…

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Filed under: News - @ June 19, 2024 3:22 am