HomeCryptoTokens related to artificial intelligence outperform the broader cryptocurrency market

Tokens related to artificial intelligence outperform the broader cryptocurrency market

-


Major Rally in Artificial Intelligence-Related Tokens: SingularityNET and Fetch.ai Lead the Way

In the world of cryptocurrency, major artificial intelligence-related tokens are making waves with significant gains in the past 24 hours. SingularityNET and Fetch.ai, two prominent AI-focused cryptocurrencies, have seen their native tokens surge by over 6% and 5% respectively.

Fetch.ai, known for its use of AI and machine learning to automate business tasks, has experienced a remarkable rally of over 15% in the past month. The overall AI token market cap now stands at $27.7 billion, marking a notable increase of over 10% in just one day.

Interestingly, despite the overall positive trend, only one AI-related token in the top ten has experienced a slight retracement. The rest, including Render’s native token, a platform aiding artists in accessing computing power for generative AI artwork, have all seen gains.

Joining the daily rally is AIOZ, with its price increasing by 4% to reach $0.85 in the past day. AIOZ has seen a remarkable 30% increase in the past seven days, further highlighting the growing interest in AI-related tokens.

Four AI tokens have posted double-digit gains in the last 24 hours, contributing to the overall positive sentiment in the market. The GM 30 Index, representing the top 30 cryptocurrencies, has also seen a 2.79% increase, reaching 131.92.

With Bitcoin dominance at 50.6% and ether dominance at 14.9%, the cryptocurrency market continues to show resilience and growth. As AI-related tokens gain traction, investors and enthusiasts are closely monitoring these developments for potential opportunities in the evolving landscape of digital assets.

LATEST POSTS

Bitcoin’s Decline Could Impact Nvidia and Big Tech with a Potential Summer Downturn.

Bitcoin's Summer Cold: Will the Stock Market Catch It? Bitcoin's recent pullback has some market analysts concerned about a potential summer correction in the stock...

Binance Launches Lista (LISTA) on Various Trading Platforms

Binance Integrates Lista (LISTA) on Multiple Trading Platforms Binance Introduces Lista (LISTA) on Multiple Trading Platforms Leading cryptocurrency exchange Binance has made a significant announcement regarding...

Is it a good idea to invest in Ethereum? Bitwise CIO provides 3 reasons to consider a bullish outlook

Insights from Bitwise CIO on Adding Ethereum to Your Portfolio The Chief Investment Officer (CIO) at Bitwise Asset Management, Matthew Hougan, has shared his insights...

Trump Crypto Leaks Cause 300% Price Crash Following Bitcoin Support

Donald Trump Embraces Bitcoin, Forcing Biden Administration into Potential Crypto Pivot Former U.S. president Donald Trump has once again made headlines with his recent embrace...

Most Popular