All of the top five AI tokens by market cap are up by an average of over 500% this year.
Bittensor (TAO), launched in March, has seen a nearly 400% increase since its inception, reaching an all-time high of $394 today. The leading AI token innovative a unique model aiming to democratize AI through a peer-to-peer market, which gained significant attention in the wider market.
GRT, which is one of the more popular AI tokens, also gained a significant 160% increase this year. Render (RNDR) has shown an even more remarkable growth of 800% in 2023. Similarly, Fetch.ai (FET) is up by 556%, Akash Network (AKT) by 1,000%, and SingularityNET (AGIX) by 534%.
This surge in individual token values has contributed significantly to the overall AI coin market cap, which has increased by nearly 13% today, reaching $9.28 billion.
The appeal of AI tokens in 2023 can be attributed to the rapid advancements in AI technologies and their integration into the blockchain, promising innovative solutions and new investment opportunities. The significant market performance of these tokens demonstrates the potential and growing interest in AI-driven blockchain initiatives, which could be further incentivized in 2024.
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