AI Cryptos Market Heats Up as OpenAI Seeks to Raise More Funds
- WBOYOriginal
- 2024-08-30 00:47:19803browse
The AI crypto market is currently small compared to the overall crypto market, but its growth potential is significant.
Interest in top AI cryptocurrencies has noticeably increased ever since news broke that artificial intelligence company OpenAI is looking to raise more funds. Could this be a sign that AI cryptocurrencies are poised to lead the market in the future?
Currently, AI coins have a market cap of about $23.7 billion, which is just 1.07% of the total cryptocurrency market cap of $2.2 trillion. Let’s explore the present situation.
OpenAI’s GPT-5 Release: What We Should Know
ChartGPT is easily among the most prominent AI projects out there. OpenAI's move to secure more funding and its plan to launch GPT-5 are likely to attract more attention to the AI sector. If successful AI projects like ChatGPT manage to draw in more investors, we can expect to see significant growth in the AI crypto market soon.
GPT-5 could be a huge catalyst for AI cryptos to rally! pic.twitter.com/iBqSkDzUnD
Top AI Cryptos: Market Cap and Recent Performance
The top AI cryptocurrencies by market cap include NEAR Protocol, Internet Computer, Artificial Superintelligence Alliance, Render, Bittensor, The Graph, Akash Network, AIOZ Network, Arkham, and Golem. NEAR Protocol, Internet Computer, and Artificial Superintelligence Alliance have market caps of $4,860,002,519, $3,779,807,011, and $3,048,062,948, respectively. However, none of these top ten AI coins have shown positive movement over the past 30 days.
Recent Trends: Gains and Declines
In the past week, most of these AI coins have gained, with Artificial Superintelligence Alliance leading the pack with a 16.4% rise. However, it has seen a -2.0% drop over the past 30 days. Bittensor, The Graph, and Golem have performed poorly this week.
Sector-Wide Drop: What’s Happening?
The entire AI crypto sector has dropped by 1.5% in the last 24 hours. Most tokens have followed this downward trend, but Internet Computer and AIOZ Network have bucked the trend. Internet Computer has increased by 2.1%, and AIOZ Network has risen by 1%.
The success of projects like ChatGPT is likely to boost investor confidence in AI projects. If this trend continues, we can expect to see notable growth in the AI crypto market.
Also Check Out: Top AI Tokens Set for a Bull Run Amid Market Volatility
The future of AI is bright, and AI tokens are poised to shine. Are you buying in?
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