The Rise of ChatGPT: Exploring its Effects on AI-Based Cryptocurrencies

New study: The launch of OpenAI's ChatGPT artificial intelligence chatbot in November 2022 had a positive impact on AI-themed cryptocurrencies, resulting in abnormal returns up to 41% over two weeks and 90% of tokens exhibiting positive abnormal returns. This suggests that the attention towards ChatGPT and AI in general has transitioned to cryptocurrency markets, leading to a positive price effect for AI-related cryptocurrencies.