OLAS is up more than 65% in a week, likely spurred by general news about artificial intelligence and hype for AI-themed cryptocurrencies. #ai #olas
The price of Autonolas (OLAS) increased, with its price climbing from around $2.72 to over $4.67, according to CoinMarketCap data. OLAS has also seen an increase in daily trading volume, attracting over $11 million in on-chain activity on exchanges such as Uniswap. Activity increased by 150% in 24 hours.
OLAS operates as a unified network of off-chain services, providing automation, oracles, and co-owned artificial intelligence. The protocol supports Ethereum, Polygon, Gnosis and Solana blockchains.
OLAS has a market capitalization of approximately $225 million, ranking among the top 2,000 cryptocurrencies globally after hitting an all-time high of $5 on December 5. While the specific factors driving OLAS’s price are unclear, the token is likely to join a range of cryptocurrencies experiencing price gains within the broader digital asset ecosystem.
Bitcoin ( BTC ) prices have recovered in 2023, more than doubling in value since the coin bottomed at $16,000 in late December 2022. Bitcoin markets are getting a boost with the U.S. Securities and Exchange Commission’s expected approval of a spot Bitcoin ETF. (SEC) has garnered industry-wide optimism.
Crypto AI tokens have also received attention since OpenAI released ChatGPT, and digital assets have attracted more attention as Tesla billionaire Elon Musk launched his chatbot Grok AI. The news sparked the creation of a slew of Grok-themed cryptocurrencies, which surged in value within hours of their launch despite being unrelated to Musk's Grok chatbot.
