Artificial Intelligence (AI) cryptocurrencies have been making significant strides in the market, with projects like NEAR Protocol, The Graph, and Oasis Network leading the pack in terms of development activity over the last 30 days. According to the market intelligence platform Santiment, NEAR Protocol takes the number one spot with an index of 173.5, closely followed by The Graph and Oasis Network with ratios of 143.5 and 101.1, respectively.
In addition to the top three players, other notable AI cryptocurrencies such as Bittensor and iExec RLC are also making waves in the market. Ocean Protocol, Worldcoin, and Fetch.ai are also part of the top 10 list, indicating a growing interest and investment in AI-related projects. Interestingly, some users were surprised that Internet Computer (ICP) did not make it to the top 10 despite its significant market capitalization of nearly $4 billion.
One of the key drivers of the recent surge in AI cryptocurrencies is the formation of the “Superintelligence Alliance” between Fetch.ai, Ocean Protocol, and SingularityNET. This alliance has garnered support from major players in the industry, including the world’s largest crypto exchange, Binance. Additionally, advancements in technology, such as NVIDIA’s progress in the market, have also contributed to the growing popularity of AI coins.
Rallies and Price Jumps
As a result of these positive developments, AI cryptocurrencies like FET, AGIX, and OCEAN have experienced significant price rallies. For instance, FET saw a 35% increase in its price on June 20, reaching $1.75 according to CoinGecko’s data. This surge in prices reflects the growing interest and demand for AI projects in the cryptocurrency space.
The rise of AI cryptocurrencies signals a shift towards innovative technologies and solutions in the blockchain industry. With projects like NEAR Protocol, The Graph, and Oasis Network leading the way, the future looks bright for AI-related coins. As developments continue to unfold and alliances are formed, we can expect to see further growth and advancements in this exciting sector of the market.
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