Crypto News- In the dynamic world of cryptocurrency, major AI-related tokens have made significant strides over the past 24 hours. Notably, the native cryptocurrencies linked to SingularityNET and Fetch.ai have stood out, boasting impressive gains of over 9% and 11%, respectively.
Fetch.ai, renowned for its integration of AI and machine learning in streamlining business operations, has particularly captured attention with an astounding rally of nearly 170% in the last month alone.
AI Tokens Soar Amid Crypto Volatility: Investors Seek Stability in Tech
Despite the market’s fluctuations, only two AI-related tokens within the top ten by market cap have experienced marginal retractions, as per CoinGecko’s latest data.
Among the top performers is RNDR, the token fueling Render’s decentralized platform, empowering artists with access to computational resources for AI-generated artwork. RNDR has seen a commendable uptick of over 4% in the past day.
Adding to the buzz is AIOZ, the native token of AIOZ Network, which has recorded a notable 7% surge, now trading at $0.83. AIOZ’s remarkable price surge of 338% over the past month underscores its growing prominence.
The recent Coinbase Institutional report echoed the industry sentiment, highlighting AI-related tokens as potential proxies for tracking advancements in artificial intelligence. This trend has been gaining momentum over the past months, signaling a growing interest in the intersection of AI and cryptocurrency.
Meanwhile, in broader market movements, Bitcoin has reclaimed its position above the $63,000 mark after a turbulent 24 hours that saw its price briefly dip to $69,913. With a modest 1% increase in the past day, Bitcoin is currently trading at $63,559, according to The Block’s Price Page.
The GM 30 Index, which tracks the top 30 cryptocurrencies, reflects a 3% uptick, reaching 140.42 within the same timeframe.
Bitcoin’s dominance stands at 49.8%, with Ethereum following at 15.6%, according to CoinGecko’s latest data snapshot.
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