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

Is Ethereum (ETH) on Track to Reach $4K or Drop to $3.4K This Week?

Analysis of Ethereum Price Movement and Market Sentiments Title: Ethereum Price Faces Bearish Sentiment Amid Crypto Market Volatility The cryptocurrency market leader, Bitcoin, failed to maintain...

Bakkt Reportedly Exploring Sale of Cryptocurrency Platform

Bakkt Considers Putting Itself Up for Sale amid Industry Turmoil Digital asset marketplace Bakkt is reportedly considering putting itself up for sale, according to a...

Bitcoin price stabilizes at $69,000 following drop that clears $1.3 billion in open interest

Bitcoin Price Reaches $69,000 Amidst Market Volatility Bitcoin surged to $69,000 on June 8, but traders were left reeling after a sudden sell-off. The cryptocurrency...

Transforming International Supply Chains with Blockchain Technology

Exploring the Impact of Blockchain in Supply Chain Management Title: Blockchain Revolutionizing Cross-Border Supply Chains In the digital age, Blockchain technology is transforming cross-border supply chains...

Most Popular