AI-Linked Tokens Surge 15% in 24 Hours, Leading Crypto Market Gains
#AItokens #NVIDIA #AIcrypto #RENDER
The AI-linked token sector has surged by 15% in the past 24 hours, outperforming the broader crypto market.
Top Performers
Leading tokens like Fetch.ai’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN have surged up to 35%, as reported by CoinGecko. On average, AI tokens grew by 15%, with those over a $100 million capitalization rising at least 4%.
Nvidia’s Influence
This growth mirrors a 5% jump in Nvidia’s stock since Monday, making it the world's most valuable company. Nvidia's stock performance often influences AI-related tokens despite no direct connections to crypto companies.
AI in Crypto
AI, simulating human intelligence in machines, has been predicted since early 2023 to lead the next crypto market cycle, a forecast proving accurate so far.
Concerns and Conclusion
Despite the growth, some researchers question the practical application of complex AI in blockchain projects, suggesting ongoing scrutiny is needed. The surge in AI-linked tokens highlights growing investment and interest in AI technology within the crypto market, promising significant potential alongside notable challenges.
