Artificial Intelligence (AI) has been a hot topic in the cryptocurrency world lately, with several AI-related cryptocurrencies making waves in the market. According to the market intelligence platform Santiment, NEAR Protocol, The Graph, and Oasis Network are leading the pack in terms of development activity over the last 30 days. NEAR Protocol tops the list with an index of 173.5, followed by The Graph with 143.5 and Oasis Network with 101.1.
Other notable AI coins in the top 10 list include Bittensor and iExec RLC, along with Ocean Protocol, Worldcoin, and Fetch.ai. Interestingly, some users were surprised to see Internet Computer (ICP) missing from the list, despite being the third-largest cryptocurrency in its cohort with a market capitalization of nearly $4 billion.
The rankings for the previous 30 days revealed a slightly different lineup, with ROSE leading the pack followed by NEAR, The Graph, Bittensor, and GLM. The recent surge in AI-related cryptocurrencies can be attributed to significant developments in the industry, such as the formation of the “Superintelligence Alliance” between Fetch.ai, Ocean Protocol, and SingularityNET, which garnered support from Binance, the world’s largest crypto exchange.
In addition, tech giant NVIDIA briefly claimed the title of the most valuable company globally with a market cap exceeding $3.33 trillion, before being overtaken by Microsoft. These developments fueled a rally in AI coins like FET, AGIX, and OCEAN, with FET experiencing a 35% price increase on June 20, reaching $1.75 according to CoinGecko. However, the following day saw a retracement in line with the broader crypto market trend.
As interest in AI cryptocurrencies continues to grow, it’s essential for investors to stay informed about the latest developments and trends in the market. If you’re looking to explore opportunities in AI-related coins, be sure to check out our guide on the top AI crypto coins to watch this year.
In the ever-evolving landscape of cryptocurrency, staying informed and keeping an eye on emerging trends can help investors make well-informed decisions. Don’t miss out on the potential opportunities in the AI cryptocurrency market – stay tuned for more updates and insights.