Analysts attribute the growth of cryptoprojects in the field of artificial intelligence to the popularity of this technology among large companies, including Microsoft and Google
The trading volume of cryptocurrencies related to artificial intelligence increased by 700% during the week and reached $4.67 billion, according to analytical portal CryptoRank. The market capitalization of tokens from this category rose 98% during the same time, exceeding $2.1 billion.
AI-related cryptoprojects are showing notable growth amid the popularity of artificial intelligence among venture capitalists and large tech companies such as Microsoft and Google, platform analysts noted in their official Telegram channel.
The tech industry giants have begun integrating artificial intelligence into their services. Thus, Microsoft has launched an updated version of its own search engine Bing, which integrates chat-bot ChatGPT, Google announced the launch chat-bot Bard, and the Chinese IT-giant Baidu said it plans to complete testing chat-bot Wenxin Yiyan (ChatGPT analogue) and launch it in March this year.
Who became the leader of the crypto projects?
Cryptocurrency CryptoAI (CAI) became the leader of growth among the crypto projects associated with artificial intelligence – its rate jumped 398% during the week. The project develops bots for trading and monitoring the cryptocurrency market.
Who had noticeable growth in the management token project?
The management token of Singularity DAO (SDAO) showed a noticeable growth – it grew by 286% during the week. The project offers implementation of risk management strategies based on artificial intelligence in DeFi services.
The SingularityNET (AGIX) token grew by 191% during this time. The developers of the service position it as “the first decentralized artificial intelligence marketplace” powered by Cardano blockchain. The trading platform allows the creation and monetization of artificial intelligence services.
Changes in the success rate of token projects.
Since the beginning of the year, a large number of blockchain projects that involve artificial intelligence in one way or another have proven successful in terms of investing in them. Low-liquid category tokens are also momentarily showing growth of hundreds of percent on a wave of interest in the technology from large companies.