AI Coin Market Cap Soars 150%, It's the Best Selling Token!

Bittime - The crypto market related to the artificial intelligence (AI) sector is experiencing a tremendous rise. In less than a month, the total value of the AI crypto market has more than doubled from $9.64 billion on Feb. 16 to $25.1 billion on March 15, according to CryptoSlate data.

This rise shows that the world is increasingly interested in the development of AI technology, which has the potential to transform various fields and industries. Moreover, the AI crypto market also showed positive performance in the short term, with gains of 5.42% in the last 24 hours and 23.88% in the last seven days.

6 AI Tokens with Increased Market Cap 

Of the hundreds of crypto tokens associated with AI, there are six that stand out the most by market cap. These tokens are Internet Computer (ICP), Bittensor (TAO), The Graph (GRT), Fetch.AI (FET), SingularityNET (AGIX), and Worldcoin (WLD). Here is a brief review of each token and its development.

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Internet Computer (ICP)

Internet Computer is a project that aims to create a decentralized internet powered by a network of computers running smart contracts. One of the AI-related initiatives announced by Internet Computer is to run Big Language Models (LLMs) as on-chain smart contracts. LLMs are AI models capable of understanding and generating natural language, such as GPT-3. By running LLMs on the blockchain, Internet Computer hopes to create decentralized AI that can interact with users and applications.

Bittensor (TAO)

Bittensor is a project that develops a decentralized machine learning network, where each node can share and learn from data and other AI models. Bittensor uses its native token, TAO, to incentivize nodes to participate in the network and provide AI services. Bittensor has gained recognition from Ethereum creator Vitalik Buterin, who named the project as one example of using blockchain for AI in February.

The Graph (GRT)

The Graph is a project that provides blockchain data indexing services, allowing developers and users to access data from various blockchain-based protocols and applications. Although The Graph is not exclusively related to AI, the project has the potential to support AI development by facilitating fast and reliable data access. In March, The Graph developers explained how the project can be used for AI, such as automating decision-making and minimizing barriers in data access.

Fetch.AI (FET)

Fetch.AI is a project that offers various blockchain-based AI applications and services, including AI agents that can communicate and transact autonomously. Fetch.AI recently announced a $100 million infrastructure investment, which will be used to increase the network's computing capacity by adding new graphics processing units (GPUs). The project also plans to reward FET token holders in a similar way to staking.

SingularityNET (AGIX)

SingularityNET is a project that creates a decentralized marketplace for AI services, where anyone can buy and sell AI services by using the project's native token, AGIX. SingularityNET has a vision to create general AI (AGI), which is AI that has capabilities and intelligence that equals or exceeds humans. The founder of SingularityNET, Ben Goertzel, is one of the leading figures in the field of AI, and was most recently a keynote speaker at the Beneficial AGI Summit in Panama in late February.

Worldcoin (WLD)

Worldcoin is a project that uses biometric identification technology to provide crypto rewards to users who verify their identity by using a special eye scanner tool. Worldcoin claims that its goal is to create global financial inclusion by giving crypto access to anyone with a stake. However, the project faces several challenges, such as a temporary ban from the Spanish government against Worldcoin's data collection on March 6, and a lawsuit from Elon Musk against OpenAI, the company led by Sam Altman, co-founder of Worldcoin, on March 1.

AI Becomes a Trend

The AI crypto market is not isolated from the broader AI trends in the world. Some of the developments that may have affected the AI crypto market are:

• Advances in AI research and development, such as the launch of GPT-4, the next-generation natural language model developed by OpenAI, in January.
• Concern for the ethics and social impact of AI, such as Google's Responsible AI initiative, which aims to ensure that the AI created by the company complies with fair, accountable, and unbiased principles.
• Collaboration between the public and private sectors in AI development, such as the partnership between Microsoft and the U.S. Department of Defense, which involves using cloud and AI technologies to improve the efficiency and security of military operations.

The AI crypto market is one of the most exciting and innovative sectors in the crypto industry. With the rapid and widespread development of AI technology, the AI crypto market has the potential to grow further and provide benefits to society.

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How to Buy Fetch.ai (FET) on Bittime

You can buy and sell Fetch.ai (FET) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

Fetch.ai (FET) is available on Bittime with the market pair FET/IDR. To be able to buy FET IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.

Learn the complete guide on how to buy Fetch.ai (FETI) on Bittime.

Monitor the price chart movements of Fetch.ai (FET), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

Axelar (AXL) and Fetch.ai (FET) Prices Surge Despite Crypto Market Weakness

WLD Token Up 140% Thanks to This Crypto Wallet App

AGIX Price Prediction: Will SingularityNET Continue Skyrocketing?

Internet Computer (ICP) Price Experiences Correction, Will It Go Back Up?

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.