The Rise of AI-Focused Crypto Assets Continues
The rise of artificial intelligence (AI) has been a dominant theme in 2023, resulting in a significant surge in the value of AI-focused tokens this year. According to data from cryptoslate.com, 74 AI-centric digital currencies are now worth $4.03 billion, accounting for 0.37% of the overall crypto market and 1.19% of the smart contract token market.
The largest of the AI-focused digital currencies is graph (GRT), with a current market valuation of approximately $1.42 billion. GRT has increased 70.57% against the U.S. dollar in the last 30 days. Singularitynet (AGIX), the second-largest AI-centric crypto asset, has surged 132.67% this month. Fetch.ai (FET) has risen by 53.21%, and ocean protocol (OCEAN) is up 7.26% in the 30-day period. Iexec rlc (RLC), the fifth-largest AI-focused token, increased 6.29% against the U.S. dollar last month.
Other notable gainers in the AI digital currency market this month include alethea artificial liquid intelligence token (ALI), which increased 30.28%; phoenix global (PHB), which swelled by 23.64%; xmon (XMON), which jumped 30.47%; measurable data token (MDT), which spiked 124.97%; and singularitydao (SDAO), increased by 121.48%.
The continued growth of AI-focused crypto assets is a testament to the potential of this technology and its ability to revolutionize the way we interact with the world. AI-focused tokens are becoming increasingly popular as investors look for ways to capitalize on the potential of this technology. As the industry continues to grow, it is likely that more investors will be drawn to these digital currencies, resulting in further gains.
It remains to be seen whether the current surge in AI-focused tokens will continue in the long-term. However, with the increasing demand for AI-based solutions, it is likely that these digital currencies will continue to see significant gains in the future.