HomeCryptoTokens related to artificial intelligence outperform the broader cryptocurrency market

Tokens related to artificial intelligence outperform the broader cryptocurrency market

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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.

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