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- CoinGecko analysis reveals AI-based cash have skilled a formidable 257% improve in two months.
- Bittensor (TAO) leads the market with a valuation exceeding $4.4 billion.
- Nosana skilled probably the most important achieve, rising 987.9% from $0.56 to $6.01.
CoinGecko, a distinguished crypto market monitoring platform, has delved into the latest surge of curiosity in synthetic intelligence (AI)–based mostly cryptocurrency tokens. CoinGecko highlights that AI-based cash have skilled a formidable 257% improve because the starting of 2024.
On the forefront of this surge is Bittensor (TAO), boasting the very best market capitalization on this sector at $3.85 billion as of February 29. Nevertheless, latest knowledge signifies that Bittensor’s market cap has surpassed $4.4 billion.
CoinGecko noticed that Bittensor remained the main AI cryptocurrency coin between January and February 2024. Behind Bittensor is Render (RNDR), with a market cap of $3.03 billion as of the tip of February. Moreover, CoinGecko highlighted that the highest 5 AI crypto cash have retained their rankings unchanged since January and February.
Nevertheless, notable modifications occurred outdoors of the highest 5. Autonolas (OLAS), which started 2024 within the sixth place with a market cap of $0.30 billion, slipped to the ninth place by February 29 with the identical market cap of $0.30 billion.
In line with CoinGecko, Nosana skilled probably the most important achieve in value amongst AI cryptocurrency cash in 2024. This asset soared by 987.9% from $0.56 to $6.01 inside two months.
Following carefully behind, DeepFakeAI (FAKEAI) noticed a exceptional improve of 628.6%, rising from $0.0008 to $0.0069. Synesis One (SNS) secured the third place, witnessing an increase of 595.4% from $0.016 firstly of the yr to $0.108 by the tip of February.
Considerably, CoinGecko researchers noticed that the fervor surrounding AI tokens gained momentum after the launch of OpenAI’s ChatGPT in late 2022. They highlighted that synthetic intelligence continued to draw substantial consideration, resulting in hovering valuations out there.
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