- CoinGecko research shows AI-based coins have experienced an impressive 257% increase in two months.
- Bittensor (TAO) leads the market with a valuation exceeding $4.4 billion.
- Nosana experienced the most significant gain, growing 987.9% from $0.56 to $6.01.
CoinGecko, a prominent crypto market tracking platform, has delved into the recent surge of interest in artificial intelligence (AI)–based cryptocurrency tokens. CoinGecko highlights that AI-based coins have experienced an impressive 257% increase since the beginning of 2024.
At the forefront of this surge is Bittensor (TAO), boasting the highest market capitalization in this sector at $3.85 billion as of February 29. However, recent data indicates that Bittensor’s market cap has surpassed $4.4 billion.
CoinGecko observed that Bittensor remained the leading AI cryptocurrency coin between January and February 2024. Behind Bittensor is Render (RNDR), with a market cap of $3.03 billion as of the end of February. Furthermore, CoinGecko highlighted that the top five AI crypto coins have retained their rankings unchanged since January and February.
However, notable changes occurred outside of the top five. Autonolas (OLAS), which began 2024 in the sixth position with a market cap of $0.30 billion, slipped to the ninth position by February 29 with the same market cap of $0.30 billion.
According to CoinGecko, Nosana experienced the most significant gain in price among AI cryptocurrency coins in 2024. This asset soared by 987.9% from $0.56 to $6.01 within two months.
Following closely behind, DeepFakeAI (FAKEAI) observed a remarkable increase of 628.6%, rising from $0.0008 to $0.0069. Synesis One (SNS) secured the third position, witnessing a rise of 595.4% from $0.016 at the beginning of the year to $0.108 by the end of February.
Significantly, CoinGecko researchers observed that the fervor surrounding AI tokens gained momentum after the launch of OpenAI’s ChatGPT in late 2022. They highlighted that artificial intelligence continued to attract substantial attention, leading to soaring valuations in the market.
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