CoinMarketCap Research Chief Warns AI Tokens Without Real Utility Could Fall to Zero

BitcoinWorld CoinMarketCap Research Chief Warns AI Tokens Without Real Utility Could Fall to Zero Alice Liu, the head of research at CoinMarketCap, warned in an interview with Cointelegraph that many AI themed cryptocurrencies launched during the previous market cycle are at serious risk of losing all their value.

According to Liu, a lot of these tokens were originally marketed around AI, but over time essentially turned into meme coins, meaning they never had any real utility or actual technology behind them. She said these kinds of tokens risk converging toward zero value over time.

At the same time, Liu was clear that this does not apply to every AI related project in crypto. She acknowledged that there are genuinely solid AI projects in the space, ones with real infrastructure and actual utility behind them.

However, she pointed out that even these fundamentally strong AI tokens are likely to trade at a discount in the market, simply because they get lumped together with all the low quality, meme style AI tokens that have already damaged trust in the category as a whole.