Dogecoin Market Cap Tops Entire AI Crypto Sector, But Growth Expected
• Dogecoin's market cap exceeds that of the entire AI crypto sector, according to analyst Miles Deutscher who believes AI will be one of the biggest financial bubbles ever.
• Deutscher says most "AI coins" don't actually utilize AI tech but leverage it as a buzzword for hype.
• The AI sector currently ranks 20th in size and is worth less than Dogecoin's market cap, but Deutscher expects it to reach top 5 in coming years.
• AI cryptos have been good proxies for major AI events/conferences and will likely continue being so.
• AI tech advances enable crypto scammers to generate deepfakes that will soon be indistinguishable from reality, per Hoskinson.