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Coin Edition 2025-01-31 10:20:08

AI Crypto Market Dips as Cost-Efficient DeepSeek Challenges Giants

AI crypto market cap plunged 9.3% in the past month 24, now at $44.82 billion. DeepSeek’s low-cost AI model challenges established AI projects, fueling market doubts. FET, Virtual Protocol, and Render show slight daily gains but remain deep in weekly and monthly losses. The AI cryptocurrency market has taken a hit, losing 9.3% of its value in the past month. It now stands at $44.82 billion, as investors react to the emergence of DeepSeek, a more affordable AI model from the Chinese market. The downturn has affected major AI-focused tokens, with RENDER, Virtual Protocol, FET, and INJ suffering heavy losses over the past week. DeepSeek’s Arrival Shakes Things Up DeepSeek, developed by High-Flyer, a Chinese quant trading firm, has challenged AI industry giants with its low development cost of just $6 million. This is a stark contrast to the billions spent by OpenAI and Meta on large-scale AI models. Naturally, this raises concerns about the long-term sustainability of current AI projects. Major AI Cryptos Struggle Despite Daily Gains Some AI cryptocurrencies attempted a short-term rebound but remain in a downward trend over weekly and monthly time… The post AI Crypto Market Dips as Cost-Efficient DeepSeek Challenges Giants appeared first on Coin Edition .

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