After Elon Musk announced the artificial intelligence project that will rival ChatGPT, all eyes in the cryptocurrency market turned to the crypto assets of projects operating in the field of artificial intelligence.
Elon Musk, a name that proves his influence on the crypto industry, turned the direction of artificial intelligence-related cryptocurrencies upward after highlighting the xAI company that will operate in the field of artificial intelligence in his recent posts.
Among the artificial intelligence-related cryptocurrencies, the largest ones, namely GRT, RNDR, INJ, AGIX, and FET, stood out, while among these assets, INJ stood out with a 15% daily value increase.
The launch of xAI, which is seen as likely to increase competition in the artificial intelligence sector, also has the potential to increase the demand for artificial intelligence cryptocurrencies, which has been silent for a while. While cryptocurrency investors are currently focused on XRP, the demand for AI crypto assets has been eclipsed at this point.
The AI sector in the cryptocurrency industry currently has a market value of $5.2 billion, according to CoinMarketCap data, and the value has increased by 5% in the last 24 hours. While there has been an increase of more than 25% in the transaction volume for assets in this sector, the transaction volume in the last 24 hours is at the level of 590 million dollars.
The view that the sector, which currently has a modest market value compared to the total market value, has the potential to rise as artificial intelligence activities continue to increase, is gaining weight.
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