Top 3 AI tokens rally this week, OpenAI announcement likely driver of gains
- Near Protocol, Artificial Superintelligence Alliance and Internet Computer Protocol, the top 3 AI tokens by market cap, rallied this week.
- NEAR, FET and ICP observed weekday gains between 1% and 19% since Monday, September 16.
- OpenAI’s announcement of a new series of AI models is the likely driver of gains in the AI tokens.
Near Protocol (NEAR), Artificial Superintelligence Alliance (FET) and Internet Computer Protocol (ICP) observed weekday gains of 9%, 19% and 1%, respectively, thus far. The rally in Artificial Intelligence (AI) tokens that rank in the top three assets by market capitalization is likely driven by OpenAI’s announcement of a new series of AI models called “o-1”.
Coingecko data shows that AI market capitalization climbed 7% in the last 24 hours to $25.91 billion at the time of writing.
NEAR, FET and ICP respond to OpenAI announcement
According to CoinGecko price data, NEAR, FET and ICP extended gains this week. The top 5 AI tokens ranked by market capitalization noted gains in the last 24 hours and last seven days, per CoinGecko data.
Top 5 AI tokens by market capitalization
OpenAI announced the launch of a new series of large language models trained with reinforcement learning. These models are expected to perform complex reasoning, likely boosting adoption and utility of OpenAI’s model.
We're releasing a preview of OpenAI o1—a new series of AI models designed to spend more time thinking before they respond.
— OpenAI (@OpenAI) September 12, 2024
These models can reason through complex tasks and solve harder problems than previous models in science, coding, and math. https://t.co/peKzzKX1bu
OpenAI’s announcements, releases of new AI models and developments in Sam Altman-led Worldcoin have catalyzed gains in this category of tokens.
NEAR trades at $4.359, FET at $1.600, and ICP at $8.361.
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
