AI cryptos continue to sizzle with the market sector up over 51% in the past week

The AI ​​crypto market sector continues to heat up with the top 30 tokens all green in the last 30 days. Many investors are wondering just how far this top could bubble.

The news has been widely successful Chat GPT, backed $10 billion by Microsoft (a significant portion of which Comes in the form of cloud computing credits via Microsoft’s Azure cloud platform); and a new push by Alphabet Inc. (Google’s parent company), reportedly late last week. investment At least $400 million in ChatGPT rivals, Anthropic.

ChatGPT is already upending many workflows and industries.This was the fastest app to achieve Achieved 1 million downloads in just 5 days After its release last December. It’s also integrated with Microsoft Teams, allowing the tool to act as a powerful virtual agent and office assistant.

The rapid rise of the AI ​​crypto sector is also due to institutional investors continuing to look deeper into the sector. For example, Kathy Wood, in her recent ARK Invest report, cites the confluence of AI and blockchain in her as part of a broader shift in the coming years, in which investors will seek to invest in both sectors. will increasingly turn to disruptive innovation.

But other analysts are more skeptical.

According to recent information JP Morgan Reportis based on a survey of 835 institutional investors in 60 global markets, with more than half of those surveyed agreeing that AI and machine learning will be the single most influential single investment in the next few years. “I think it’s going to be technology,” he said. The same survey, however, casts a shadow over institutional investment in cryptocurrencies, with nearly three out of four respondents saying they have no plans to trade cryptocurrencies.

So what does the recent rise in AI crypto prices explain? Let’s take a look at some of the underlying technologies behind the biggest movers and shakers in the space.

AI Crypto – Movers and Shakers

The Graph (GRT) market cap: $1.1 billion

GRT is the top-ranked AI crypto with a market cap of over $1.1 billion, with a $500 million advantage over its closest competitor (SingularityNET, which currently has a market cap of $517 million). GRT is a decentralized platform for indexing and querying data from blockchains, designed specifically for the decentralized web (Web3). It uses novel indexing and querying mechanisms that enable fast and efficient data retrieval from distributed sources, making it a critical infrastructure component of decentralized applications (dApps).

GRT’s focus on providing efficient and reliable data retrieval for decentralized applications sets it apart from other AI-based cryptocurrencies.

Additionally, GRT is designed to be a decentralized network, and validators are encouraged to contribute computing resources for data indexing and querying. This makes it a truly decentralized and open platform for data indexing and search, which sets it apart from other centralized solutions on the market.

• Price: $0.13
• 24h%: +11.6%
• 7D%: +47.18%
• 30 days: +93.09%
• % ATH: -95%

SingularityNET (AGIX) market cap: $529.62 million

AGIX is an AI marketplace that serves as an ecosystem for AI-related apps and projects. Focused on democratizing AI, giving developers easy access to AI resources, allowing developers to create, share and monetize his AI services across the ecosystem, gaining popularity doing. AGIX runs on Ethereum and Cardano, created by a team of AI and blockchain experts led by Dr. Ben Goertzel, known for developing the humanoid robot Sophia.

AGIX was created to provide a decentralized platform for AI development. Sophia serves as a demonstration of what technology can do. AGIX is now primarily her AI marketplace, allowing various actors to use its network. It also includes a staking platform that helps the AGIX token sustain the platform’s AI marketplace.

• Current Price: $0.43
• 24h%: +2.35%
• 7D%: +152.41%
• 30D%: +491.69%
• % ATH: -76%

Fetch (FET) Market Cap: $359.54 million

FET resides in the Cosmos ecosystem and essentially functions as a layer 1 protocol that allows users to use AI for peer-to-peer automated bot services. Created by a team of AI, blockchain and cryptography experts. The team was founded by Humayun Sheikh, Thomas Hain, and Toby Simpson, who have extensive experience in developing intelligent systems and distributed technologies.

What makes FET unique is that it uses AI and blockchain technology to create a decentralized network for intelligent automation. This network will enable self-organizing systems and provide a platform for creating and deploying other AI-powered decentralized applications. But unlike Singularity, which is essentially an AI marketplace, Fetch uses agents to create smart contracts that can detect and execute specific functions.

In addition, FET has a unique consensus mechanism that combines elements of Proof-of-Work (PoW) and Proof-of-Stake (PoS), using this unique consensus mechanism, intelligent automation and automation It operates as a decentralized AI-powered network that enables – Organizing system.

Fetch.ai’s digital tokens serve as a means of accessing the platform’s resources and services, providing a direct incentive for token holders to actively use and participate in the network, thereby focusing on intelligent automation. is guessing.

• Price: $0.43
• 24h%: +15.71%
• 7D%: +61.83%
• 30th: +177.88%
• % ATH: -63%

Ocean Protocol (OCEAN) market cap: $272.29 million

OCEAN is a big data project created by a team of experienced technology and business experts, led by Bruce Pon and AI researcher Trent McConaghy.

In 2017, we created Ocean with the idea that the two could be combined to act as a decentralized data storage and privacy service (think VPN, browser, etc.). They offer Data NFTs, Data Farming, Ocean DAOs and ecosystem expansion. Data NFTs developed by OCEAN provide an IP framework that combines ERC20 and ERC721, potentially enabling multiple revenue streams for the base IP using various sublicenses.ocean was also taken up Featured on the World Economic Forum’s list of Innovators in the Data Economy.

• Price: $0.43
• 24 hours: +4.71%
• 7D%: +18.3%
• 30D%: +102.81%
• % ATH: -77%

VAIOT (VAI) market capitalization: $40.34 million

VAI has a very low denomination among crypto AIs, with a market capitalization of only $40.34 million. Interest in the company appears to stem from the fact that the company offers intelligent services powered by IBM. It offers a portfolio of blockchain-based AI assistants and on-chain intelligent contracts for businesses and consumers to deliver automated services and transactions.

Similar to ChatGPT’s integration with Microsoft’s Teams, VAIOT will combine AI and blockchain to create a collection of business-centric intelligent virtual assistants for consumers and enterprises. These virtual assistants serve as a new digital medium for selling, offering products and services, conducting transactions and, importantly, are focused on enabling mobile integration (along with many other It’s something AI-focused apps tend to ignore and instead choose to focus on). desktop application).

VAIOT’s ultimate goal is to create a digital platform for both business-to-consumer (B2C) and consumer-to-consumer (C2C) transactions between users, utilizing VAIOT’s blockchain and VAI tokens. seems to be

• Price: $0.20
• 24 hours: +9.4%
• 7D: +83.48%
• % ATH: -29.55%