DeepSeek AI Token Shines in a Dismal Crypto Market – BitRss

Despite the general collapse in the cryptocurrency market, the DeepSeek AI Agent Token (DEEPSEEKAI) has made an unexpected rise, capturing attention. Developed by a China-based startup, the DeepSeek AI model has seen increased demand due to its free access. While the broader market has been adversely affected by declines in U.S. stocks, this altcoin achieved a record surge of 8,000% within a week. Experts indicate that the growing popularity of AI-themed altcoins may initiate a new trend in the sector. However, investors should remain cautious due to low liquidity and high volatility.

Market Impact of DeepSeek AI Model

China’s advancements in artificial intelligence have directly influenced the cryptocurrency market. DeepSeek stands out as a product developed with only a $6 million budget, capable of competing with models from large companies. The opportunity for free usage allowed the model to reach a vast user base within two months, paving the way for the value appreciation of associated altcoins.