- Artificial Intelligence tokens have extended their gains between 4% and 13% in the past 24 hours.
- The largest AI token, NEAR, has recorded 7 million daily transactions, second only to Solana, per report by OurNetwork.
- NEAR, FET, RNDR, TAO, GRT, AKT, AGIX, AIOZ, ARKM and OCEAN posted gains in the past 24 hours, per CoinGecko data.
The Artificial Intelligence (AI) category of tokens is an emerging narrative in crypto in the ongoing cycle. The top ten tokens in the AI category have observed recoveries after recent corrections in their prices.
NEAR Protocol (NEAR), Fetch.ai (FET), Render (RNDR), Bittensor (TAO), The Graph (GRT), Akash Network (AKT), SingularityNET (AGIX), AIOZ Network (AIOZ), Arkham (ARKM), and Ocean Protocol (OCEAN) have extended their gains in the past 24 hours.
AI tokens extend gains in the past 24 hours
AI tokens have extended their rallies in the past 24 hours, with assets in the top 10 posting gains, per Coingecko data. The category’s market capitalization was above $27.32 billion on Wednesday, with FET, AKT and RNDR trending among traders, per CoinGecko.
The AI tokens in the top 10 have erased their losses from the past seven days. Amidst the market-wide correction, tokens erased between 8% and 21% of their value in the past seven days.
AI tokens on CoinGecko
In AI-related news, the price of chip stocks surged, with giant NVIDIA replacing Microsoft as the world’s most-valued public company. The catalyst drove prices of AI-related tokens higher in the past 24 hours.
AI industry updates from last week, Apple’s announcement of Siri 2.0 at the WWDC, Luma Labs’ new AI model launch for video generation and NVIDIA’s open source model Nemotron’s release are likely the other catalysts driving AI prices higher.
Significant progress in AI and Robotics this week.
— Brett Adcock (@adcock_brett) June 16, 2024
Big developments from Apple, OpenAI, Luma Labs, NVIDIA, Stanford, Northrop Grumman, Google DeepMind, Stability AI, and Microsoft.
Here's everything that happened and how to make sense out of it:
Recent research from OurNetwork showed that NEAR Protocol, the largest AI project by market capitalization, has hit 7 million daily transactions, second only to Ethereum competitor Solana. The report highlights the growth of users and the rise in activity on NEAR.
NFTs have reemerged on @NEARProtocol…
— OurNetwork (@ournetwork__) June 19, 2024
NEAR has facilitated 1.1M NFT sales, with 148k of those sales completed in May.
Read consumer alpha on $NEAR from @flipsidecrypto: https://t.co/vBLB07sJFn
Chart via: @flipsidecrypto pic.twitter.com/Uovwja7fuS
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Donald Trump backed World Liberty Financial triples Ethereum holdings ahead White House Crypto Summit
Donald Trump’s World Liberty Financial increased its Ethereum holdings nearly threefold on Thursday, buying the recent ETH price dip. Ethereum hovers around $2,200, up nearly 1.5% on Thursday.
White House Crypto Summit: What investors should know
The upcoming first-ever White House Crypto Summit will be held on Friday. The event will unite key industry leaders to explore how regulation and innovation can shape the cryptocurrency market's future.
Bitcoin recovers above $92,000 ahead of first-ever White House Crypto summit
Bitcoin extends recovery and trades above $92,000 on Thursday after rallying 5% in the last two days. A Glassnode report highlights that Bitcoin’s market reaction hinges on the $92,000, a key level for momentum, while $71,000 serves as critical support if BTC declines.
Chainlink bulls target a 30% upside as key support holds strong
Chainlink extends its gains by more than 4% on Thursday, trading around $17.22 after rallying nearly 13% in the last two days. On-chain data suggest a rally ahead as LINK's long-to-short ratio reaches its highest monthly level and its funding rates are positive.
Bitcoin: BTC bloodbath continues, near 30% down from its ATH
Bitcoin (BTC) price extends its decline and trades below $80,000 at the time of writing on Friday, falling over 15% so far this week. This price correction wiped $660 billion of market capitalization from the overall crypto market and saw $3.68 billion in total liquidations this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.