AI Coins Chrash As DeepSeek Shakes Up The Marker
AI coins, including NEAR, NCP, RENDER, and FIL, saw significant drops of 8-10% today as China’s AI startup DeepSeek challenged US dominance in the sector. China’s AI startup DeepSeek disrupted the market by creating AI models that cost much less than those of Silicon Valley giants. AI coins decreased sharply during the early hours of Monday’s Asia market. This shift came alongside a sharp decline in Nasdaq 100 futures, which fell 330 points during Sunday’s overnight trading, triggering further panic in the market. AI Coins Crash: Is There A Reason For Panic? The AI coins market has dropped over 7.66% during the last 24 hours, with the total market cap falling below $44 billion, according to CoinMarketCap. The sharp drop is primarily due to the sudden rise in popularity of China’s DeepSeek AI startup, which has shaken the market with its low-cost infrastructure. Built using chips that are a fraction of the cost compared to those used by US AI...