AI Tokens Led by FET, AGIX Surge as Nvidia Zooms to Become World’s Most Valuable Company
Tokens of projects using artificial intelligence (AI) technology have surged up to 35% in the past 24 hours, leading gains in the sector amid a stable broader crypto market. Fetch.ai’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN led the growth in the AI token sector. Tokens with a capitalization above $100 million added a minimum of 4%, outperforming the 0.22% rise in the broad-based CoinDesk 20 index. This growth mirrors a surge in chipmaker Nvidia’s stocks, which increased by 5% since Monday, making it the world's most valuable company. AI tokens such as NEAR and RNDR have increased around 300% in the past year, indicating high market interest in this sector. However, concerns about the actual use of complex AI technology in blockchain projects persist among some researchers.
