As the Bitcoin price rally loses steam, AI crypto tokens OCEAN, INJ, and FET emerge as captivating alternatives, igniting a surge in investor interest and reinforcing the potential of artificial intelligence in the crypto market.
While Bitcoin’s price rally has taken a breather, AI-based tokens in the crypto market have seen significant increases in pricing, trading volume, and market cap. As of today, the total trading volume of AI-based tokens has increased by 34.74%, reaching $679.47 million, while the market cap has gained 5.27%, reaching $5.97 billion.
One of the most popular AI tokens, Injective (INJ), has surged by over 7%, reaching a new high of $13.38. Injective, known for offering auto-executing smart contracts, has experienced significant gains in trading volume, surging 68.53% to $146.83 million, and its market cap has grown by 7.07% to $1.11 billion in the past 24 hours. The rise in INJ price can be attributed to increased engagement from community investors and traders, as well as a substantial Total Value Locked (TVL) of $20.89 million.
The Graph (GRT) token has also seen minimal gains, with the total price increasing by 4.31% to $0.1017. Over the past seven days, the GRT price has surged by 24.40% to reach a weekly high of $0.1045. Similarly, the Render (RNDR) price has soared by 10.81% to reach $2.42. The trading volume for RNDR has increased by 65.66% in the past 24 hours, and the market cap has grown by 10.62%. Over the past seven days, the RNDR price has seen an impressive increase of 23.58%.
In contrast, the Oasis Network Price (ROSE) has experienced marginal gains, with a 1.28% increase to reach $0.05189. While the token has seen a substantial increase of 25.28% over the past seven days, the total trading volume has fallen by 24.81% to $11,929,047.
Two AI crypto tokens to watch are Fetch.ai (FET) and 0x0.ai (OxO). The Fetch.ai price has skyrocketed by 18.10% in the past 24 hours, reaching a new high of $0.3538. Over the past seven days, FET has seen a whopping increase of 55.88%. The 0x0.ai price has also witnessed a notable rise, with a 12.82% increase in the past 24 hours to reach $0.105. Over the past seven days, the token has increased by 18.46%.
Ocean Protocol (OCEAN) has seen a significant price surge of 11.40% to reach $0.3711. In the past seven days, OCEAN has soared by 29.58%. The trading volumes have also experienced a massive increase of 161.69% to reach $53,137,763.
The recent price surges in AI-based cryptos align with the growing focus and developments in the AI sector. With tech giants like Microsoft, OpenAI, and Google pushing the boundaries of AI-based technologies, the AI realm continues to expand and show promising growth.
Disclaimer: The content presented is the personal opinion of the author and is subject to market conditions. It is important to conduct thorough market research before investing in cryptocurrencies, and the author and publication do not hold any responsibility for personal financial losses.