Some people made digital coins that are connected to smart computers called AI. These coins became very popular and their prices went up a lot. At the same time, other digital coins that were just for fun or jokes, like Dogecoin and Shiba Inu, lost some of their value because they couldn't keep up with the smarter coins. This happened because many people are excited about AI and want to learn more at a big event by Nvidia, which is a company that makes special chips for computers. Read from source...
- The article title is misleading and sensationalized. It implies that Shiba Inu and Dogecoin are caged or trapped by AI coins like Fetch.AI and Render Network, which is not true. There is no causal relationship between AI coins and meme coins, they are simply different segments of the cryptocurrency market with different use cases and target audiences.
- The article uses vague terms such as "excite market" without providing any evidence or analysis to support this claim. It also fails to explain what makes these AI coins more exciting than meme coins, or how they are driving demand for them in the market.
- The article relies on reports from unknown sources and unverified data, such as CoinMarketCap, which is not a reliable indicator of market trends or sentiment. It also does not mention any other factors that could influence the performance of AI coins or meme coins, such as news, events, adoption, regulation, etc.
- The article focuses on short-term price movements and fluctuations, without considering the long-term prospects or potential of these tokens. It also ignores the fact that the cryptocurrency market is highly volatile and subject to speculative bubbles and crashes, which can distort the perception of value and growth.
- The article shows a negative bias towards meme coins, such as Shiba Inu and Dogecoin, by presenting them as losing or caged, while ignoring their achievements, popularity, and impact on the cryptocurrency ecosystem. It also fails to acknowledge that AI coins have their own limitations and challenges, such as scalability, interoperability, security, etc.
Bullish
Reasoning: The article highlights the growing interest in AI-linked cryptocurrencies and their potential applications. This has led to a surge in value for these tokens, while meme coins like Dogecoin and Shiba Inu have experienced a downturn. The upcoming Nvidia conference, where crypto AI projects are expected to be showcased, is driving further interest and excitement in the market.