More than $13 billion has been spent on artificial intelligence cryptocurrencies 🤖🤖

⭐ With a market capitalization of US$3.8 billion, TAO (Bittensor) is the artificial intelligence-related cryptocurrency with the highest market capitalization.

⭐ With a market capitalization of $1.8 billion, it is well ahead of its closest competitor RNDR (Render), which ranks second.

⭐ With a market capitalization of just over $800 million, Akash Network’s AKT is the third-largest cryptocurrency, but behind the top two, the gap widens. The remaining six cryptocurrencies have market capitalizations ranging from $450 million to $280 million, with only one of them — Fetch.ai’s FET — exceeding $5 billion.

⭐ According to Stocklytics, considering that the field of generative artificial intelligence is only two years old, the rise of crypto tokens related to it is already amazing.

⭐ Many people are curious about the potential uses of AI in areas other than cryptography, which has led to a surge in interest in conversational AI software like ChatGPT.

⭐⭐ Stocklytics Analysis

⭐ According to Edith Reads, a financial analyst responsible for the Stocklytics report, reaching these milestones is not easy for a relatively young industry.

⭐ Reads claims that the increased use of conversational AI is one of the many reasons driving this growth.

⭐ Therefore, huge investments in generative AI also impact cryptocurrency adoption. Tech giants like Google and Microsoft are further driving adoption by increasing investment in AI projects to bolster the industry's credibility.

⭐⭐ Key Artificial Intelligence Cryptocurrencies

⭐ You can use TAO, the native cryptocurrency of the Bittensor project, to trade in the market of the same name. Machine learning expertise can be freely shared on the Bittensor Marketplace, a peer-to-peer platform.

⭐ On the other hand, the Render Network utility token is RNDR. This ERC 20 token can be bought and sold on the network and used to purchase visual effects, animations and graphics.