According to data from CoinGecko, the artificial intelligence token category surged by 25% in the last 24 hours, outpacing bitcoin’s modest 0.3% gain.
Traders are eagerly bidding on artificial intelligence (AI)-linked tokens amid expectations that a crypto project will be featured in an Nvidia (NVDA) conference later this month. This surge in interest has driven CoinGecko’s AI token category up by 25% within a single day. Tokens like Fetch.AI (FET), Render Network (RNDR), Sleepless AI (AI), and SingularityNET (AGIX) saw impressive climbs of up to 40%. These projects boast AI applications ranging from virtual companions to graphic processing card marketplaces.
Behind this surge are reports that developers of crypto AI projects will be present at the chipmaker’s conference or participating in panels during the event scheduled from March 17-21. This surge contrasts with the modest 0.3% increase in bitcoin and a 0.4% gain in the CoinDesk 20, a broad index of major tokens. AI tokens continue to captivate crypto traders due to the anticipation of AI driving significant innovations in the global economy in the coming years. However, the relationship between AI and crypto remains somewhat ambiguous since artificial intelligence cannot directly operate on a blockchain. Nonetheless, positive developments in traditional AI companies like OpenAI often lead to gains in AI tokens as traders view them as a proxy bet on the industry.
We need to mention also that many token are now in the presale phase are backed by AI projects like the WHERIZ token which is the official token of the Wheriz project. Wheriz is the ultimate AI solution for a better shopping experience. You can check there public presale page on Pinksale :
https://beta.pinksale.finance/solana/launchpad/8qE6fg3XgLpTPCYVw4HN7XVFGN93PJSAJwbJvu1PoWdm
