The Graph Crypto Joins the Rise of Artificial Intelligence-Based Tokens and Rises to $0.1539

Crypto News – On Friday, there were minor advances in the overall cryptocurrency market, and the GRT, the native cryptocurrency of The Graph, a decentralized indexing technology, experienced higher trading.

The Graph Crypto Joins the Rise of Artificial Intelligence-Based Tokens and Rises to $0.1539

Crypto AI tokens had a sharp increase in value during the early Friday trade, even if the price of Bitcoin is still above $37,000. By joining the AI cryptocurrency rise, The Graph price was also showing gains. GRT increased by 1.93% over the previous day to $0.1539, hitting intraday highs of $0.154. The price of GRT has notably climbed by 23.20% over the past seven days.

Crypto-based AI tokens after listing on the OKX cryptocurrency exchange, Fetch AI (FET) and SingularityNET (AGIX) saw an increase in value. The announcement caused the price of Fetch.ai to rise by as much as 12% earlier in the day. Undoubtedly, the increase in the cost of AI tokens is a result of investors hoping that a spot Bitcoin exchange-traded fund (ETF) will be approved.

The Graph Crypto Might Have Experienced a Price Increase Due to Updates

The recent spike in AI token prices was sparked by OpenAI’s decision to fire and rehire Sam Altman, which caught the attention of traders and investors alike. Altman is credited with driving OpenAI to its $80 billion valuation with the launch of ChatGPT, and the recent development shocked not only the crypto world but the AI industry as well.

For the first time since March, AI-related tokens had a weekly transaction volume spike beyond $2 billion, according to Kaiko data. The increase in trading interest seems to be the outcome of different AI tokens starting to undergo upgrades and innovations that attract investors.

The Graph made one of the largest improvements to the project since a $50 million financing round in 2022 when it revealed a new roadmap to add additional capabilities at the beginning of November. The Graph plans to integrate AI-assisted querying with extensive language models, per the roadmap.