AI Token Transaction Volume Increases 7X in One Week
In a single week, the trading of AI tokens skyrocketed by an astonishing 700%, amassing $4.67 billion, as reported by CryptoRank. Even more impressively, its market capitalization escalated by 98%, surpassing the staggering amount of $2.1 billion – a growth that stunned crypto enthusiasts.
AI Investments by Companies Like Microsoft, Baidu, and Google Have Also Popularized the AI Token Market
AI token projects are gaining prominence due to the surge in artificial intelligence interest among venture capital and tech giants like Microsoft and Google, as analysts have articulated on Telegram.
Technology giants are now taking advantage of artificial intelligence technology in their services. Microsoft, for instance, recently unveiled a new Bing search engine with the addition of the ChatGPT chatbot. Google also announced its own Bard chatbot, and Chinese IT giant Baidu shared that they will be officially launching the Wenxin Yiyan chatbot – analogous to ChatGPT – this March! It is obvious that this industry will be viral in 2023 and ahead.
Crypto and SingularityNET Among Popular Artifical intellegent Tokens
CryptoAI (CAI) demonstrated the greatest growth among AI token projects, with its rate skyrocketing by 398% in a week. This project is building bots for trading and tracking the crypto markets. Similarly, the Singularity DAO (SDAO) governance token experienced an impressive leap of 286%, with their ambitions to incorporate risk management strategies based on artificial intelligence into DeFi services being put into effect.
The SingularityNET (AGIX) token has flourished, with an impressive 191% growth. This pioneering decentralized AI market is based on the Cardano blockchain, meaning you can now effortlessly generate and make money from your own AI services. It’s no wonder why investors are turning to this revolutionary AI token– they know there’s huge potential here!
Since the start of this year, many blockchain projects that employ artificial intelligence have experienced huge successes with investors. Currently, these low-liquid AI tokens are rising in value by hundreds of percent due to the enthusiasm for AI from major corporations.