Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
AI-related tokens post gains as wider crypto market remains volatile

AI-related tokens post gains as wider crypto market remains volatile

The BlockThe Block2024/03/20 12:08
By:Brian McGleenon
AI-related tokens post gains as wider crypto market remains volatile image 0Major AI-related tokens have rallied in the past 24 hours, with the native cryptocurrencies associated with  SingularityNET and Fetch.ai FET posting gains of over 9% and 11% respectively.

Fetch.ai, which utilizes AI and machine learning to automate business tasks, has seen a rally of almost 170% over the past month. 

Only two AI-related tokens out of the top ten ranked by market cap have experienced slight retracements, according to CoinGecko's  list of AI tokens.

All other offerings in the top ten AI token sector have rallied, including cryptocurrencies like RNDR -0.50% , the native token of Render. Render is a decentralized platform that assists artists in accessing computing power for rendering generative AI artwork, and it has gained over 4% in the past 24 hours.

Joining the daily rally of AI-related tokens is AIOZ, the native token of AIOZ Network. Its price has gained 7% in the past day to now trade at $0.83. AIOZs price has increased by 338% in the past month.

Earlier this month, a Coinbase Institutional report noted that many "AI-related tokens could continue to be traded as a more general proxy for AI progress” — a trend that has been observed in recent months. 

Bitcoin sees volatility

The price of bitcoin climbed back above the $63,000 mark during early-day trading on Wednesday, after a volatile 24 hours that saw the digital asset's price drop to a recent low of $69,913.

The value of the largest cryptocurrency by market cap increased over 1% in the past 24 hours, trading at $63,559 at 7:48 a.m. ET, according to The Block's Price Page .

The  GM 30 Index , representing a selection of the top 30 cryptocurrencies, has increased by 3% to 140.42 in the past 24 hours.

Bitcoin dominance is at 49.8% and ether dominance is at 15.6%, according to CoinGecko data .

The price of bitcoin increased over 1% in the past 24 hours. Image: The Block.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!