The crypto market observed a paradigm shift in February retracing from January’s bullish sentiment. Artificial Intelligence (AI) recorded smart gains in the past few weeks.
According to Coingecko, Artificial Intelligence (AI) tokens have added to the recent recovery gains in the crypto market. AI tokens have appreciated nearly 16 times between November 2022 and February 2023.
More traders have become active after the interest of Microsoft in OpenAI and ChatGPT technology. Further, Alphabet’s Google also announced its venture in AI via the Bard program.
In the above post, the trending AI tokens on CoinGecko display how AI has been performing on top with increased market capitalization. In the past 24 hours, the top categories based on market capitalization were Smart Contract Platform, Layer1(L1), and stablecoins.
Among the biggest gainers have tokens for platforms such as SingularityNET (AGIX), fetch.ai (FET), and Artificial Liquid Intelligence (ALI).
Why are AI tokens rising?
The gains in AI tokens were primarily sponsored by the launch of chatbot ChatGPT, and image generation software Dall-E in mid-2022. The growth opportunity around AI and Web3 engaged traders.
What is AI Crypto Tokens?
Artificial intelligence (AI) in cryptocurrency is implemented to improve the security and scalability of user experience and market projections. AI tokens are designed in a way to power AI-related projects, apps, and services, like decentralized AI marketplaces.
