Good afternoon, with the widespread market clean-up in the cryptocurrency market, the AI sector is the most worthy sector to invest in this bull market, and you must participate. Next, follow the madman to learn about the potential currencies in the AI sector!
What are AI Tokens?
AI tokens act as currency for transactions within AI platforms, enabling users to pay for services, access data, and participate in platform activities. Certain AI tokens also grant governance rights to holders, allowing them to participate in the decision-making process that affects the development of the project. Typically, AI tokens incentivize users to contribute to the protocol or project by rewarding them for activities such as providing data, providing computing resources, or developing AI applications. Despite the recent hype, several indicators of key AI tokens suggest that the industry will grow further
AI Cryptocurrency Market Overview
The AI token market has seen significant growth in recent months, with trading volumes and market valuations surging across exchanges. However, despite significant advances in AI technology, the field is still in its early stages. As the AI boom continues to impact the global tech landscape, the surge in AI-related crypto tokens reflects the growing potential of this emerging asset class. This growth is particularly noteworthy, even outpacing Bitcoin’s recent gains to a record $73,600.
On February 22, the sector’s tokens rose an average of 7.7%, with Ocean Protocol’s OCEAN and Fetch.AI’s FET rising by more than 10%. The CoinDesk 20 Index (CD20), which tracks major cryptocurrencies, rose 2.68% during the same period.
Worldcoin’s WLD saw the highest gain among AI tokens, surging 30% to a new all-time high of $7.
Worldcoin was founded by OpenAI CEO Sam Altman, and some traders see Worldcoin's rise as a bet on OpenAI's growth.
A tweet from Ethereum co-founder Vitalik Buterin about the potential for AI to audit smart contracts boosted lesser-known tokens like 0x0 and TokenFi’s TOKEN, which surged as much as 15% due to their association with the topic.
Despite the recent hype, several indicators for key AI tokens suggest further growth for the industry.
Autonolas （EGGS）
The Autonolas Protocol is a smart contract-based DAO tool that implements mechanisms for coordinating, protecting, and managing software code on a public blockchain, and provides incentives to developers based on their relative contribution to the growth of the Autonolas ecosystem.
The market value is low, and there are relatively few exchanges listed. There is an expectation of listing on Binance. You can ambush!
QnA3 （GPT）
QnA3 is an AI-driven Web3 knowledge sharing platform that aims to be one of the most accurate crypto products with knowledge in the cryptocurrency space.
Bittensor (TAO)
Bittensor aims to democratize AI development by creating a peer-to-peer ecosystem where users can create and deploy machine learning (ML) models. The platform allows different machine learning models to interact and learn collaboratively, fostering a more open and inclusive AI development environment. By integrating AI and blockchain technology, Bittensor offers a unique approach to AI development that leverages the transformative potential of cryptocurrency in a responsible way. This combination aims to break down barriers to entry for AI development and enable broader participation and innovation in the field.
Launched in 2021 by the Opentensor Foundation, Bittensor is a relatively new project led by developers Jacob Robert Steeves and Ala Shabaana. The Opentensor Foundation drives Bittensor's goal to build an interconnected and coordinated global supply of computing power to develop open source and accessible AI technologies. Bittensor runs on a network called a "subtensor," which is connected to multiple "subnets," of which 32 are currently active. Users can create or join subnets and pay to participate using TAO tokens. This competitive model encourages growth and high standards, allowing users to contribute as miners or validators based on their computing resources. Overall, it incentivizes participation and support for Bittensor's decentralized AI ecosystem. TAO was one of the winners of this round of gains, with a 500% surge in market value.
TAO has gained more than 18.0% over the past week, rising from $609.71 to its current price. The coin’s all-time high is $757.60. Bittensor’s trading volume has climbed a massive 643.0% over the past week, in line with the growth in the token’s total circulating supply, which has increased by 0.7%.#Ai赛道
The current circulating supply is 6.58 million, which is about 31.32% of the maximum supply of 21 million. As of now, TAO's market capitalization ranks 28th with a valuation of $4.68 billion.#ArtificialIntelligence #Fetch.AI #RenderToken
I am a cryptocurrency madman, a spot evangelist. If you also do spot trading, remember to like + follow. Let's earn our own share of pork trotter rice in this bull market! #TAO