New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
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Many popular tracks in the crypto world are essentially riding the waves of the traditional tech industry. Remember the frenzy around the Metaverse? During that time, a bunch of Metaverse clone coins popped up and skyrocketed. Now it's AI's turn to be hot, with a swarm of AI concept coins flooding in. The problem is, these clone coins lack real applications and are mainly driven by hot money, much of which originates from speculative funds in the tech sector.
The current situation is a bit dire. Nvidia's market cap has surged to an absurd level, Jensen Huang cashed out $900 million, and tech giants like Bezos and Zuckerberg are also starting to reduce their tech stock holdings. This is a clear signal—there's a risk of an AI bubble. Once this hot money begins to retreat, these "follow-the-trend" clone coins in the crypto space will be among the first to be abandoned.
A real case makes this clear. Last year, there was an AI concept clone coin claiming to develop "Blockchain + AI computing power." After launch, it immediately surged tenfold, attracting many who chased the high. But I checked its white paper, and it was all虚的—nothing substantial, no real technical support. The backers are just a few small funds from the tech sector. Now, as these funds start to cut their tech stock holdings, the crypto funds will inevitably be the first to be drained. This coin has already fallen 80% and continues to decline.
To avoid pitfalls, you need to learn to spot these signals: first, check if the project has genuine technical accumulation and application scenarios, not just hype around concepts. Second, look at the funding background—if it's mainly short-term funds from the tech sector, the risk is high. Lastly, observe market enthusiasm—if the price surges wildly without changes in fundamentals, it's probably a bubble inflated by capital.