Given all the hype and buzz around artificial intelligence (AI) these days, it's perhaps no surprise that a growing number of beaten-down crypto tokens are attempting to reinvent themselves for the AI future. Take Polkadot (CRYPTO: DOT), for example. Over the past several months, the formerly high-flying crypto has been making a lot of noise about becoming part of the AI revolution.

So, is all this a lot of sound and fury signifying nothing? Or is there real reason to believe that Polkadot can reinvent itself for AI and see a dramatic boost in valuation? Let's take a closer look.

The first thing to keep in mind is just how poorly Polkadot has performed recently. If you look at a chart for Polkadot, you'll essentially see a flat line extending from mid-2022 to the current period. In the past two years, Polkadot has done literally nothing for investors.

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Source Fool.com