Santiment Data Shows Wallets Holding AI Coins Witnessing Massive Profits

Santiment Data Shows Wallets Holding AI Coins Witnessing Massive Profits

Artificial intelligence (AI) and big data projects have witnessed significant gains amid the surge in the price of Bitcoin (BTC) and other cryptocurrencies, as reported by blockchain analysis platform Santiment.

As per a post on social media platform X (formerly known as Twitter), Santiment stated that AI coins surged after investors were “seemingly distracted by dip buy opportunities for Bitcoin and various memecoins.”

Santiment singled out a wallet with over 100 AI-focused digital currencies from its watchlist that witnessed a 30.7% increase in value in the last 24 hours. The platform created this watchlist in late February when AI projects like Delysium (AGI), SingularityNET (AGIX), and Artificial Liquid Intelligence (ALI) printed massive green candles on their weekly charts.

Notably, Michael Saylor, the former chief executive and executive chairman of American business intelligence software firm MicroStrategy stated in an interview recently that artificial intelligence (AI) will drive up the demand for Bitcoin.

Saylor pointed out the potential at the intersection of the AI and Bitcoin sectors.

If you want to create an AI version of yourself and have it live on the internet forever, you better give it some Bitcoin. So I think there’s going to be an interesting demand function there,” Saylor said.

He also addressed the potential concerns about Bitcoin having an adverse impact on the environment.

Saylor noted that many AI projects are “looking to scale up 60 gigawatts this year” and also plan to “go to 600 gigawatts within a decade.” The Bitcoin enthusiast believes that these AI projects will eventually “inherit all of the energy FUD” that the digital asset sector used to have.

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