AI Coins Impacted Due To DeepSeek’s Rising Popularity

AI Coins Crash Big As DeepSeek Threatens US AI Dominance

AI Coins: Big Crash Amid DeepSeek Storming Silicon Valley

The Chinese AI startup DeepSeek, having a low-cost infrastructure, has created an atmosphere of fear in Silicon Valley, majorly influencing tech giants like the US. This has affected the AI coins trading in the crypto market.

DeepSeek: What’s The Matter

DeepSeek claimed AI development possibilities without massive investments required. It’s been built with chips that cost just a fraction of what the US AI companies are spending. This went on to putting the company at the top position on the Apple App store in terms of downloads. 

Having surpassed OpenAI’s ChatGPT in ranking and made such claims, DeepSeek is now posing a serious threat to the US tech giant as well as other tech-driven AI companies on the globe. The threat is on the US AI dominance.

Impact On AI Coins Prices

As per recent crypto news, these developments have highly influenced the AI coin price on the crypto market. The AI coins have all crashed nearly 8-10% today. These include those like Near Protocol (NEAR), Render (RENDER), Internet Computer (ICP) and Filecoin (FIL).

AI coin market cap saw a drop of over 7.66%, reaching below $44 billion earlier today. The above-mentioned and many other top AI coins collapsed as Nasdaq 100 futures saw a 330-point crash during the overnight trading session this Sunday. 

The AI coins market drop in the last 24 hours comes amid the broader crypto market crash, where the Bitcoin price dropped to the crucial support of $100K levels.

Final Thoughts: Buy-The-Dip Opportunity

Experts from DeFAI, however, are positive, as they believe the current correction in AI crypto coins prices has come with buy-the-dip opportunity as the AI coins are meant to soar with DeepSeek’s popularity. Hence, DeepSeek’s affordability is being seen as a support that could scale AI applications.