The cryptocurrency market is down today, with the total market capitalization falling by 8.7% to $2.17 trillion in the past 48 hours.
However, a closer look reveals that Generative AI-based crypto tokens a sector of AI 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 Generative AI tokens that have seen substantial gains within the past 24 hours, offering a snapshot of their trajectory and potential implications for investors.
Generative AI token Gainers
- Orbofi $OBI: +27.88%
- EVEAI $EVEAI: +27.65%
- enqAI $enqAI: +22.36%
- PaLM AI $PALM: +21.54%
- SOLAV TOKEN $SOLAV: +20.84%
- SingularityNET $AGIX: +20.16%
- Akash Network $AKT: +19.39%
- Render $RNDR: +19.21%
- Qubic $QUBIC: +18.32%
- Bittensor $TAO: +17.51%
Orbofi, PalM AI and Render have all experienced valuation increases with Orbofi having a whooping +27.88% gain, fueled by their innovative growth platforms.
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?