Cryptoverse: AI tokens outpace record-breaking bitcoin
crypto market with a bang.
Coins linked to AI-focused crypto projects have jumped alongside tech stocks like Nvidia, driven by insatiable investor appetite for applications like machine-learning.
The rise of many AI crypto tokens has outpaced even that of bitcoin over the past year as the world's biggest cryptocurrency has surged to record levels.
Their combined market value has ballooned to $26.4 billion, from just $2.7 billion last April, according to CoinGecko data. Tokens linked to these projects are up between 145% and 297% in the past 30 days.
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View Details» If the more optimistic industry predictions come to pass, there could be more room to run, as some market watchers say crypto and blockchain technology could help solve some of the AI industry's teething problems such as privacy and a need for computing power.
«As both AI systems and blockchain networks continue to grow, we will see more and more use cases fusing together the two industries,» said Markus Levin, co-founder of blockchain data storage firm XYO Network.
The CoinDesk
