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As artificial intelligence becomes increasingly important, new technologies and developments are entering the market. The growing interest in artificial intelligence is also paving the way for an increase in AI altcoins in crypto investors’ wallets. So why are investors increasingly turning to AI tokens?
Overview of AI Tokens
AI tokens, particularly in March, saw noticeable rises linked to the Nvidia process. According to data provided by CoinmarketCap, the total market value of AI cryptocurrencies has risen above $36.5 billion.
Following a recent decline, there was a recovery that led to an increase of over 18% and the trading volume rose to $3.9 billion.
Despite the AI market being relatively new, it is rapidly rising and this is contributing to its rapidly increasing popularity. AI projects like Near Protocol, Bittensor, Render, The Graph, and Injective stand out as pioneers in this category.
Near Protocol (NEAR) currently has a price of $5.61 and a market cap of $6 billion.
On the other hand, Bittensor (TAO) appears to have a volume of $3.7 billion at a trading level of $568.73. Last month’s highlights, Render (RNDR) and The Graph (GRT), are trading at $9.53 and $0.2836 respectively, with market values of $3.5 billion and $2.6 billion.
Meanwhile, AI tokens like Fetch.ai, SingularityNet, and Theta Network are also gaining popularity and continue to be among the best options for crypto investors.
The Future of AI Tokens
Looking at the market movements and demands in AI cryptocurrencies, analysts predict that the demand for these cryptocurrencies could increase in the coming days.
Artificial Intelligence is a topic of discussion for every technology enthusiast, as leading companies in the market, including Google, Microsoft, OpenAI, and XAI, are working on this industry’s development.
One of these projects, XAI, seems to continue to be a focus of interest due to Elon Musk’s support. Elon Musk has ventured into two AI companies, including XAI. The first of these is currently led by Sam Altman, known as ChatGPT and affiliated with OpenAI.
Due to the interest generated on the AI side, AI cryptocurrencies seem to host rises following any new update or news. Sam recently launched Worldcoin (WLD).
