The market intelligence platform Santiment recently outlined the top 10 Artificial Intelligence (AI) cryptocurrencies that have shown the most development activity over the past 30 days. NEAR Protocol (NEAR) emerged as the leader with an index of 173.5, followed by The Graph (GRT) and Oasis Network (ROSE) with ratios of 143.5 and 101.1, respectively. Other notable coins in the list include Bittensor (TAO) and iExec RLC (RLC). Interestingly, some users expressed surprise that Internet Computer (ICP) did not make it to the top 10 club, despite being the third-largest cryptocurrency in its cohort with a market capitalization close to $4 billion.
The surge in AI-related cryptocurrencies can be attributed to recent advancements and alliances within the industry. One of the key developments is the formation of the “Superintelligence Alliance” between Fetch.ai, Ocean Protocol, and SingularityNET. This alliance, supported by major players like Binance, has generated significant buzz and interest in AI coins. Additionally, NVIDIA’s progress in the tech sector has also contributed to the rise of AI cryptocurrencies. The company briefly became the most valuable company globally with a market cap exceeding $3.33 trillion, before being overtaken by Microsoft. These developments have created a favorable environment for AI coins, leading to rallies in coins like FET, AGIX, and OCEAN.
The growing trend of Artificial Intelligence-related cryptocurrencies is evident in the market, with a surge in developments and activities in recent days. This trend has sparked investor interest and led to price jumps in various AI coins. For instance, FET experienced a 35% daily price increase on June 20, reaching $1.75 according to CoinGecko’s data. The increased development activity and alliances in the AI sector have highlighted the potential for growth and innovation in this space. As more advancements continue to unfold, AI cryptocurrencies are likely to see further gains and increased market attention.
Looking ahead, the outlook for AI cryptocurrencies appears promising as the industry continues to evolve and attract more interest. With the formation of alliances like the “Superintelligence Alliance” and major tech players making strides in the AI sector, the potential for growth and innovation in AI coins is significant. As developments in artificial intelligence technologies progress, AI cryptocurrencies are expected to play a crucial role in shaping the future of the digital economy. Investors and enthusiasts alike should keep a close eye on the evolving landscape of AI cryptocurrencies for new opportunities and advancements.
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