#AI Tokens Cool Down#

While Nvidia's recent conference sparked bullish sentiment for AI stocks in traditional markets, artificial intelligence (AI) crypto tokens have failed to replicate their epic 2024 surge. Last March, NEAR token doubled ahead of Nvidia's annual conference, a rally that was reflected in the broader crypto AI market. However, this year, AI tokens have shown their vulnerability, with NEAR and FET dropping 8% and 9% respectively in the past 24 hours. Contributing factors include: the emergence of AI agent tokens, whose volatility and hype-driven followers have attracted investors, while mainstream AI tokens are harder to move due to their larger market caps; and waning interest in AI tokens, with Google search trends showing a 47% and 84% decline in searches for "NEAR token" and "Fetch.ai" respectively since March. Additionally, the volatility of the crypto market itself has contributed to the fall from grace of AI tokens, as people invested in them last year believing it would be the main narrative of the crypto bull run, only for Bitcoin to steal the spotlight. Nevertheless, AI tokens are still in their infancy, with few mainstream use cases for crypto AI projects, and many products still under development.