Since the report that OpenAI was planning to raise more money came out, the general interest of the crypto community in the top AI cryptos have seen a notable shift. Is this the indication that there are chances for the top AI cryptocurrencies to dominate in the crypto sector in future? The total market cap of AI coins right now is around $23.7 billion, which is just 1.07% of the total cryptocurrency market cap of $2.2 trillion. Let’s try to understand the current scenario. Ready?
Release of OpenAI’s GPT-5: What We Should Know
ChartGPT is definitely one of the most successful projects from the AI fraternity. The proposed decision of OpenAI to raise more funds and the announced plan of the company to launch its latest version, GPT-5, will naturally bring more attention to the AI sector. If the success of AI projects like ChatGPT encourages investors to pump more funds into this category of projects, it is possible for us to see a boost in the AI crypto sector in the near future.
GPT-5 could be a huge catalyst for AI cryptos to rally! pic.twitter.com/iBqSkDzUnD
— Coin Bureau (@coinbureau) August 29, 2024
AI Cryptocurrency Landscape: A General Overview
At present the top ten AI cryptos by market cap are 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 $4,860,002,519, $3,779,807,011 and $3,048,062,948 market cap, respectively. In the last 30-days, none of the top ten AI cryptocurrencies have shown a positive momentum.
In the last seven days, except three, all the others have demonstrated a hike. Of the ten AI cryptos, Artificial Superintelligence Alliance has displayed the highest hike of 16.4%; conversely it has reported a fall of -2.0% in the last 30-days. Bittensor, The Graph and Golam are the AI tokens which have performed poorly in this week.
Interestingly, the entire AI crypto token sector has experienced a drop of 1.5% in the last 24-hours. Except for a couple of tokens, the rest of them have followed the same trend. Internet Computer and AIOZ Network are the only two which have behaved differently from the general downtrend of the market. When the former has reported a 2.1% rise, the latter has registered a 1% rise.
Let’s conclude this way that the success of projects like ChatGPT is expected to increase the confidence of investors to invest in AI projects. If things progress in that direction, it will naturally create a boost in the AI token market.
Also Check Out: Top AI Tokens Set for a Bull Run Amid Market Volatility
