Crypto News – The AI crypto sector’s combined market cap has more than doubled to $25.1 billion in less than a month as the world remains engrossed in developments in AI technology, according to CryptoSlate data.
AI Tokens Rising: Tokens with a Market Cap of $25 Billion Look Set to Rise Further
Overall, the market has increased roughly 150% from $9.64 billion on Feb. 16. The sector has also seen short-term growth, with a decrease of 0.41% over the past 24 hours and an increase of 21.55% over seven days. The six largest AI-related tokens by market cap are Internet Computer (ICP), Bittensor (TAO), The Graph (GRT), Fetch (FET), SingularityNet (AGIX), and WorldCoin (WLD).
Internet Computer (ICP)
In recent months, Internet Computer has unveiled several AI-related activities. The platform ran Large Language Models (LLMs) as smart contracts on-chain with the primary goal of developing decentralized AI. ICP has a $6.8 billion market capitalization and has increased 16.13% in the last week.
Bittensor (TAO)
Among the top-performing initiatives in the past several months is Bittensor, which seeks to build a decentralized machine-learning network. With a market valuation of $4.7 billion, Bittensor’s native token, TAO, has increased 66.69% in the last week.
The Graph (GRT)
The Graph indexes blockchain data for usage in different applications. In March 2023, project developers outlined the project’s AI applications, which included automating decision-making and lowering entry barriers for data access. GRT has increased 17.48% in the last week and now has a $3.1 billion market value.
Fetch.AI (FET)
An agent of AI applications and services, including AI agents, are offered by the blockchain project Fetch.AI. With the announcement of a $100 million infrastructure investment, Fetch.AI will be able to implement new graphics processing units (GPUs). With a $2 billion market capitalization, FET has increased 57.82% in the last week.
SingularityNet (AGIX)
SingularityNET is a decentralized marketplace for AI services, built on the blockchain. Ben Goertzel, the project’s creator, was the keynote speaker at the Beneficial AGI Summit in Panama in late February, despite the fact that there haven’t been many new advancements. AGIX has increased 50.42% in the last week and now has a $1.4 billion market cap.
Worldcoin (WLD)
A biometric ID project known as Worldcoin offers users cryptocurrency incentives. It is well known that the project has been experiencing difficulties recently. On March 6, Spain implemented a temporary prohibition on WorldCoin data collection, which may have contributed to the WLD token’s 24-hour losses. Furthermore, Elon Musk filed a lawsuit against Sam Altman’s OpenAI on March 1, which was concurrent with a decline in the price of WLD. With a $1 billion market capitalization, WLD has decreased 5.65% in the last week.
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