“Single” dependants can sometimes be helpless
But a month and some weeks down the line, the perception initially enjoyed had taken a downturn. According to information from Santiment, the AGIXcould not avoid hitting weekly crests between December 2022 and the first week of February. The metric spikes when the social volume is on the high side and dips occur when the overall sentiment is pessimistic. At the time of writing, the weighted sentiment was in the negative region at -0.058. This condition implies that the investors were not as optimistic before the now-fading ChatGPT hype.
As per its volume, on-chain data showed that AGIX was still able to maintain a $146 million. Nonetheless, it was still a truncated amount compared to the series of $500 million achieved earlier. This means that the aggregate amount of AGIX transactions had significantly decreased irrespective of losses or gains recorded by the traders.But what could be responsible for this downfall? Well, a few weeks back, ChatGPT caught the eye of users across several sectors. And the attention helped the AI product reach unprecedented milestones.chart. Although the product remained at a high trend score, the decline to 82 would surely impact the AI token hype.