Bitcoin has successfully gone through its fourth-ever halving event after posting its 840,000th block, the point at which mining rewards are slashed in half once again. This event has created some massive surge in AI tokens in the last 7 days
Bitcoin recovered sharply from the intra-week lows and is likely to close the halving week with a minor loss of roughly 1%
However, a closer look reveals that AI-based crypto tokens have been on a positive trajectory over the past month, signaling a broader interest in the intersection of artificial intelligence and blockchain technology.
Fluctuations within a 7day window can reveal remarkable insights into the market’s sentiment and the performance of specific tokens. Today, we delve into the top AI tokens that have seen substantial gains within the past 7 days, offering a snapshot of their trajectory and potential implications for investors.
AI token Gainers
- Openfabric AI $OFN: +77.15%
- Aleph im $ALEPH: +48.05%
- Arkham $ARKM: +40.21%
- Phoenix $PHB: +36.31%
- Forta $FORT: +33.92%
- iExec RLC $RLC: +23.08%
- TRVL $TRVL: +22.34%
- Phantasma $SOUL: +21.15%
- ChainGPT $CGPT: +19.77%
- Near Protocol $NEAR: +7.89%
Openfabric AI, Arkham and Phoenix have all experienced valuation increases with Openfabric AI witnessing a whooping +77.15% gain, fueled by their innovative growth platforms and growing user bases.
Risk-on traders exercised extreme caution in the hours before and after the attack, moving capital away from riskier markets like crypto and seeking safety in safer havens like the U.S. dollar.
While there have been notable developments in AI technology, the space is still in its nascent stages. Can these projects really justify an AI token market capitalization of nearly $40 billion, or is it just hype?