AI crypto coins have witnessed an unprecedented surge in 2024, propelled by the widespread enthusiasm surrounding Artificial Intelligence (AI). Since the advent of OpenAI’s ChatGPT in late 2022, the AI sector has experienced a frenzy of activity, resulting in soaring valuations of AI companies and a remarkable price surge in AI-related stocks. This fervor has extended to AI crypto coins, with prices across the board skyrocketing.
Bittensor (TAO) has emerged as the frontrunner in the AI crypto coins market, boasting a staggering market cap of $3.85 billion as of February 29, 2024. Following closely behind is Render (RNDR), with a market cap of $3.03 billion, solidifying its position as the second-largest AI crypto coin. Fetch.ai (FET) holds the third spot with a market cap of $1.41 billion, highlighting the robust growth of AI-driven ventures.
Throughout January and February 2024, Bittensor maintained its stronghold as the largest AI crypto coin, overshadowing its competitors with a substantial market cap lead. Despite the static rankings within the top five, notable shifts occurred beyond this realm. Nosana (NOS) experienced a remarkable ascent, climbing from ninth to seventh place by February, with its market cap surging from $0.05 billion to $0.51 billion, marking a remarkable gain of $0.46 billion.
The standout performer among AI crypto coins in 2024 was Nosana, which witnessed an astronomical price increase of 987.9%, soaring from $0.56 to $6.01 within two months. DeepFakeAI (FAKEAI) followed closely, recording an impressive surge of 628.6%, while Synesis One (SNS) secured the third position with a remarkable rise of 595.4%. Overall, AI crypto coins experienced an average price surge of 257.2% between January 1 and February 29, 2024.
Furthermore, the announcement of OpenAI’s Sora text-to-video model catalyzed a significant price increase among AI crypto coins, averaging 151.0%. Notably, DeepFakeAI witnessed a dramatic reversal, transitioning from a downturn of -31.4% to a remarkable surge of 628.6% by February 29.
In terms of market cap expansion, Bittensor led the pack, accruing an additional $2.22 billion in valuation, followed closely by Render with an increase of $1.20 billion. SingularityNET (AGIX) emerged as the third-largest gainer, with its market cap soaring by $0.51 billion since the start of 2024.
