Bitcoin price surged past the $66,000 mark on April 22 after spending seven days below this level and testing the $60,000 support on two separate occasions.
Bitcoin price has surged throughout 2024, fueled by the launch of several spot exchange-traded funds (ETFs) and the asset’s fundamental role as a store of value.
The interest in Bitcoinis expected to persist, particularly as the United States government’s continued high spending and interest rate policy discussions prevail, suggested Grayscale’s research director, Zach Pandl.
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 24hrs 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 24 hours, offering a snapshot of their trajectory and potential implications for investors.
AI token Gainers
- Matrix AI Network $MAN: +14.86%
- CUDOS $CUDOS: +12.91%
- Hacken Token $HAI: +12.11%
- Aleph im $ALEPH: +8.86%
- VAIOT $VAI: +8.42%
- Theta Fuel $TFUEL: +7.43%
- Zignaly $ZIG: +7.25%
- Cere Network $CERE: +6.43%
- Theta Network $THETA: +4.96%
- Phantasma $SOUL: +4.26%
CUDOS, Hacken and VAIOT have all experienced little valuation increases considering the market’s bullish movement with Matrix AI Network witnessing a +14.86% gain, making it exceptional compared to other AI tokens.
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?