Raoul Pal shared his views on comparing the potential of NFTs and cryptocurrencies based on artificial intelligence.
AI Cryptos Show Growth
The AI crypto market saw over 6% growth in the last 24 hours. Leading the market were VaderAI, Tri Sigma, and AI Rig Complex. VaderAI recorded a more than 59% price increase, with TRISIG and ARC gaining over 30%.
NFT Growth Factor
In contrast, the NFT market saw its total valuation increase by only 1% in the last 24 hours, according to CoinGecko.
Raoul Pal Forecasts NFT Recovery
Despite the challenges, Raoul Pal predicts a 'recovery cycle' for NFTs. According to DappRadar's report, the NFT trading volume fell by 19% in 2024 compared to 2023, with sales dropping by 18%.
Raoul Pal noted that despite current difficulties, NFTs have potential for recovery based on several factors in the future.