Can AI Tokens Survive the Microsoft Meltdown? Find Out Now! 🎢

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Oh dear, it seems like the world of artificial intelligence-focused cryptocurrencies is having a bit of a rough patch. Picture this: Microsoft decides it’s a good time to hit pause on expanding their data centers, and suddenly, the crypto world is treating it like a natural disaster. 🌪️

Let’s take a moment for poor Bittensor (TAO). In just 24 hours, it plummeted by 10%! That’s right—the crypto equivalent of falling flat on your face at a posh dinner party. And over a week? A staggering 24% drop. Ouch! 😱 Render Token (RNDR) decided to join the party with a glamorous crash of 10% and 20% respectively, while Grass (GRASS) was like, “Hold my drink,” and nose-dived by 20%! Talk about an AI market meltdown; the total market cap for these tokens dropped by a dazzling 10% in just one day. 🍂

As if that wasn’t enough, the AI-related stocks joined in for the group therapy session. NVIDIA, the superstar of AI, has taken a nose dive more than 30% from its 2024 high. AMD is also throwing a tantrum, falling to $98, a staggering 47% plunge from its earlier highs! Seriously, someone needs to get them all fluffy blankets and hot cocoa. ☕️💔

But let’s not forget that the tumble in AI tokens came after the infamous Donald Trump decided to give a dramatic speech on “Liberation Day.” Because nothing says “let’s invest” like political theatrics, right? 😅

Bittensor, Grass, Render crash as Microsoft halts data center development

In case you missed the memo, the latest buzz from Bloomberg revealed that Microsoft is hitting the brakes on data center developments across the UK, US, Australia, and Indonesia. How shocking! It’s almost as if they’re saying, “Oops, maybe we should cool it on the AI dreams for a hot second.”

Let’s unpack this. With Microsoft being the heavyweight champ in data center operations—spending over a jaw-dropping $74 billion annually—you would think they’d have it all figured out. How delightful, then, to discover that TD Cowen analysts smell an oversupply of data centers. Thanks for the heads up, guys! 🙄

Now, amidst all this chaos, the AI boom has pulled in an impressive roster of eager developers in the crypto realm. Bittensor, bless its heart, offered a decentralized marketplace for AI learning models, where miners earn TAO by contributing computing resources. Imagine the hustle!

Render, the cool kid on Solana (SOL) block, allows users to rent their GPU power to developers, while Grass takes a different approach, letting users collect tokens just for having an app installed on their computers. Hello passive income, goodbye dignity! 😂

And let’s not leave out the AI meme coins! They’ve also taken quite the tumble, tripling down on the crash as excitement fizzled out. Tokens in the Virtuals Protocol ecosystem, like GAME, Luna, aixbt, and Iona, reportedly lost hundreds of millions—yes, you heard it right! GAME’s impressive rise to a $350 million valuation in January is now a sad shadow at just $13 million today. That’s got to hurt! 🥴

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2025-04-03 18:01