The post AI Coins Turn Bullish as The Graph, Fetch.ai Lead Top Crypto Gainers appeared first on Coinpedia Fintech News

AI-focused cryptocurrencies are rising this week, with The Graph’s GRT token and Fetch.ai’s FET token ranked on CoinMarketCap’s list of top gainers.

This bullish price action shows the growing level of investor interest in the real-world potential of integrating AI technology with crypto assets.

AI Coins Surge as The Graph & Fetch.ai Outpace the Pack

It’s been an excellent few weeks for GRT and FET holders, with both tokens up dramatically since the start of February.

FET’s value has rocketed 80% since February 5, taking the token to the $0.918 level.

GRT’s price is up 74% in the same time frame, with the token now hovering around $0.261.

However, GRT has begun to showcase its strength even more in the past 24 hours – and is now second on CoinMarketCap’s list of top gainers.

FET is ranked 7th on the list, behind other trending cryptos like Render (RNDR) and Beam (BEAM).

Both The Graph and Fetch.ai have seen enormous spot trading volume increases, with GRT being the 11th most-traded cryptocurrency globally in the past day.

However, it’s not just GRT and FET that have been performing well.

Other AI-focused cryptos, most notably Worldcoin (WLD), have experienced a surge in investor demand.

With the crypto market as a whole still overwhelmingly bullish, there are likely more gains ahead for these and other leading AI coins.

Perfect Storm Brews for AI Cryptos as Sora & Worldcoin Boost Hype

The momentum in the AI crypto space comes due to several vital developments that highlight the immense potential of this technology.

Most notably, OpenAI’s release of its groundbreaking Sora text-to-video generator has captured attention worldwide, demonstrating the continued advancement of AI capabilities.

Moreover, with Nvidia’s upcoming earnings report expected to showcase the company’s strength in AI chips and hardware, anticipation within the sector has reached fever pitch.

Worldcoin passing the milestone of one million daily active users also validates the promise of AI in the crypto space.

Since Worldcoin is one of the largest AI-focused cryptos on the market, its rapid user growth signals a growing appetite for AI solutions that use blockchain technology.

As more people interact with and benefit from platforms that use AI, this space will likely keep expanding.

All of this is excellent news for AI cryptocurrencies, which is why tokens like GRT and FET have seen such strong price performance recently.

Which Other AI Coins Are Showing Bullish Momentum?

With AI crypto assets surging across the board, many investors are searching for the next big thing.

One new project gaining attention in this regard is Scotty the AI (SCOTTY), an AI-focused project in the middle of a limited-time presale phase.

Scotty the AI Gathers Steam as Presale Nears $500,000 Funding Milestone

Scotty the AI is inspired by the legend of a robotic Scottish terrier who protects the secrets of the crypto universe with advanced AI capabilities.

The project’s fictional backstory and focus on AI technology have sparked massive interest from retail investors – yet the developers also plan to offer real utility to SCOTTY holders.

This utility comes from two key features, ScottyChat and Scotty Swap.

Investors can use the former to chat with an AI-powered companion to obtain market insights, get crypto recommendations, and keep up-to-date on the latest blockchain news.

In terms of the latter, Scotty the AI’s developers will create a platform where investors can easily swap tokens in a secure and optimized manner.

The native SCOTTY token will fuel both of these features – and can also be staked to earn yields of up to 259% per year.

To ensure the safety of the entire ecosystem, Scotty the AI’s developers enlisted Coinsult to conduct an audit of the platform.

The audit came back with flying colors, confirming the security of Scotty the AI’s smart contracts.

All of these elements have combined to create a growing buzz around the project’s presale phase, which has raised almost $500,000 in early funding.

With investors able to buy SCOTTY tokens for just $0.0053 during the current presale stage, it’s no surprise that some believe the token is substantially undervalued – and could be the next AI crypto to explode.

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Filed under: Bitcoin - @ February 20, 2024 6:06 am