The prices of major tokens used in Artificial Intelligence (AI) projects are going up because more people are interested in what the technology can do. According to CoinMarketCap’s list of the top AI tokens by market capitalization, most of them have gone up a lot in the past week, and some have gone up by more than 200%.
The Graph’s Native Cryptocurrency, GRT, Surges Over 100% in 7 Days
According to CoinMarketCap, The Graph’s native cryptocurrency, GRT, has gone up 39% in the last 24 hours and over 100% in the last 7 days. The token, which is part of a protocol for indexing and querying data on blockchains, has been on the rise this year after experiencing a dip during much of 2022, and this week it regained a market capitalization of USD $1 billion.
SingularityNET’s AGIX Jumps Over 215% in One Week
AGIX, the native token of SingularityNET, is next on the list by market capitalization and one of the biggest weekly gainers in the cryptocurrency market this week. AGIX has skyrocketed over 215% in the past week, with stunning gains of 667% in the past 30 days, according to the tracker. It is currently trading at USD $0.55.
The protocol, which runs on Ethereum and Cardano, has focused heavily on increasing interoperability between the two networks, launching a bridge between the tokens last year. Decrypt says that SingularityNET plans to launch a participation portal for Cardano’s native token, ADA, in the first quarter of 2023.
Meanwhile, the project’s decentralized autonomous organization (DAO) token, SingularityDAO (SDAO), is also following suit, with a 230% increase in the past 7 days.
Fetch.AI’s FET Posts 25% Increase During the Day
FET is the utility token powering Fetch.AI, a decentralized platform providing the tools and infrastructure to build a digital AI-based economy, has risen 25% during the day and is trading at USD $0.54 at the time of publishing, a price level not seen since January of last year.
Ranked 86th by market capitalization, FET has enjoyed explosive growth since the beginning of the year, gaining 106% during the week and over 250% in the past 30 days.
Ocean Protocol’s OCEAN Reaches 10-Month High
Ocean Protocol, built on Ethereum, has also had a bullish performance in 2023. Its native token, OCEAN, recorded a 20% increase overnight and close to 54% in the past week. OCEAN is trading in the range of USD $0.50, a 10-month high, as it has regained 157% over the month.
CoinMarketCap says that the goal of the protocol is to let companies and people trade and make money off of data-based services, especially AI, without giving up data privacy.
In short:
- The leading AI-related tokens are surging in price as interest in the technology grows.
- The Graph’s GRT token has increased over 100% in the past 7 days and regained a market cap of $1 billion.
- SingularityNET’s AGIX token jumped over 215% in the past week and the project is planning to launch a participation portal for Cardano’s ADA token in Q1 2023.
- Fetch.AI’s FET token rose 25% during the day and has gained over 250% in the past 30 days.
- Ocean Protocol’s OCEAN token recorded a 20% increase overnight and reached
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