AI Companions’ 39% Volume Plummet Raises Red Flags — What’s Ahead for AIC?

Key Takeaways

• AI Companions (AIC) has experienced a decline in price and trading volume.
• Despite some analyst optimism, the overall market sentiment for AIC appears cautious.
• The use of AI companions raises ethical questions regarding their impact on user well-being and the potential for manipulation.

AI Companions (AIC) has seen a significant price drop over the past week, raising concerns about the project’s momentum. As the price settles below recent highs,  some analysts question the sustainability of the token’s growth, while others remain cautiously optimistic about a potential rebound.

Furthermore, as artificial intelligence (AI) companionship technology grows, ethical concerns are surfacing, with critics warning of potential emotional and social risks tied to its use.

AI Companions Price and Volume Drop

AI Companions (AIC)  has experienced a 13% price decline over the past week, closing at $0.0962. Trading volume has plummeted by 39% to $4.3 million, raising concerns about the project’s momentum. The price is currently below its 50-day SMA, and with an RSI of 48, the market appears to be stabilizing.

While the downward trend persists, some analysts  remain optimistic about AIC’s potential for a rebound, possibly reaching $0.18. However, continued downward pressure could lead to a further decline, potentially reaching the $0.050 level.

At the time of writing, AIC is trading at $0.09140, with a 24-hour price increase of 0.9% and a trading volume of $3,7 million. The coin’s market rank is 463, with a capitalization of $82,5 million. AI Companions has a circulating supply of 900 trillion AIC. Its all-time high is $€0.0951 while the all-time low is $0.03415.

Some Cast Doubts on AIC Project

AI Companions says  it is on a mission to redefine companionship through the power of artificial intelligence. Its vision is to create highly personalized, interactive, and immersive virtual partners tailored to humans’ unique needs and desires.

The company claims to be at the forefront of the next generation of digital relationships, integrating AI, VR, AR, and blockchain technologies.

According to serial entrepreneur David Sacks, AI chatbots that appear to be human are not far off on the horizon.

Ethical Concerns With AI Companions

However, while AI companion apps gain traction, there are criticisms of these virtual friends. Critics express concerns  about the concept of “fake empathy.”

Researchers at the University of Sidney and McGill University studied the effects of AI companionship on our lives. They critically questioned the personification of AI agents and contributed insight into human-AI companionship dynamics, providing a basis for further inquiry into the emerging realm of artificial emotional intelligence (AEI).

About the Author

Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors. Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.

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