AI Tokens Dominate the Market
Today, the cryptocurrency market is dominated by tokens based on artificial intelligence. Many popular tokens in this sector have gained 40% of their value in the last 24 hours, and here is the reason.
Artificial intelligence continues to gain momentum. Nvidia has announced its Artificial Intelligence Conference and Expo, Nvidia GTC, for March 18-21. In addition to Nvidia representatives, the event will also feature experts from Meta Platforms, Stanford University, Ford Motor and more. They will talk about the complexities of AI and showcase the latest developments.
In the wake of the conference, the tokens of several companies in the artificial intelligence space have seen significant growth over the last 24 hours, with Fetch AI leading the way. Fetch AI is a decentralized machine learning platform that has seen its token rise by 47% over the past 24 hours, outpacing even the current market leader. Next on the list is Render, a GPU-based distributed rendering platform with a token that has increased by 46%. SingularityNET, a platform that provides AI tools, has also seen a significant increase in its token price, rising by 38% in the same time frame.
Other notable growth leaders include Akash Network, which has seen a 27% rise in token price, and The Graph, which has experienced a 15% growth. These developments highlight the potential of the artificial intelligence industry and the increasing interest in its products and services.
A research platform, Santiment, has reported that investors have shifted their focus away from the recent memecoin frenzy and the meteoric rise of Bitcoin to artificial intelligence (AI) tokens. According to its data, wallets that hold AI coins are making huge profits. In addition to the aforementioned tokens, the platform also noted Delysium (AGI) and Artificial Liquid Intelligence (ALI), which made profits.
📈🤖 #AI and #BigData projects have broken out in the midst of traders being seemingly distracted by #dipbuy opportunities for #Bitcoin and various #memecoins. A portfolio filled with the 100 AI #crypto assets from our watchlist grew by +30.7% in 24 hours. https://t.co/Jusyabzw9F https://t.co/2oNXJhagDl pic.twitter.com/zpKXmacl7f
— Santiment (@santimentfeed) March 7, 2024
Meanwhile, Michael Saylor, from MicroStrategy, said that artificial intelligence will boost the demand for Bitcoin.
MUST WATCH‼️ - Michael Saylor:
— Neil Jacobs (@NeilJacobs) March 1, 2024
We are in the Bitcoin Gold Rush era. It started in January 2024 and will last until the end of 2034 when 99% of all Bitcoin will have been mined. #Bitcoin pic.twitter.com/LbAAaYRgMo
