Major AI-related cryptocurrencies have surged in the past 24 hours, with native cryptocurrencies linked to SingularityNET. And Fetch.ai foot
+7.20%
achieving gains of more than 9% and 11%, respectively.
Fetch.ai, which uses artificial intelligence and machine learning to automate business tasks, has seen its stock surge nearly 170% over the past month.
Only two AI-related tokens among the top 10 ranked by market cap saw minor declines, according to CoinGecko's list of AI tokens.
All other offerings in the top 10 AI token sector rose, including cryptocurrencies such as Render
+0.11%
, Render's native token. Render, a decentralized platform that helps artists access computing power to deliver creative AI-driven artwork, has gained more than 4% in the past 24 hours.
AIOZ, the native token of the AIOZ network, joins the daily rally of AI-related tokens. Its price has risen 7% in the past day to now trade at $0.83. The price of AIOZ has risen by 338% in the past month.
Earlier this month, a Coinbase institutional report noted that many “AI-related tokens could continue to be traded as a more general alternative to AI progress” — a trend that has been observed in recent months.
Bitcoin is experiencing fluctuations
The value of the largest cryptocurrency by market cap rose more than 1% over the past 24 hours, trading at $63,559 at 7:48 a.m. ET, according to The Block's price page.
The GM 30 Index, which represents a selection of the top 30 cryptocurrencies, rose 3% to 140.42 over the past 24 hours.
Bitcoin's dominance is 49.8%, while Ether's dominance is 15.6%, according to CoinGecko data.
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