AI-Related Tokens Surge Amid OpenAI’s Sora Launch
AI-related tokens, including SingularityNET’s AGIX and Worldcoin’s WLD, have experienced significant gains in the past 24 hours. SingularityNET’s AGIX token has risen by over 11% and is now trading at $0.52. Meanwhile, Worldcoin’s WLD token has increased by more than 28% and is currently priced at $7.51, reaching a new all-time high of $7.95. The surge in prices is attributed to the unveiling of OpenAI’s Sora text-to-video generator. The market capitalization of AI tokens has also soared, standing at around $15 billion.
FET Token and Fetch.ai CEO Predicts Exponential Growth
FET, the native token of Fetch.ai, has gained over 5% in the past day. Fetch.ai focuses on automating business tasks using AI and machine learning. Fetch.ai CEO Humayan Sheikh believes that the global use of AI will increase exponentially, impacting the blockchain industry. He notes that blockchain technology’s decentralized architecture is well-suited for AI applications and expects widespread adoption beyond financial use cases. Sheikh also highlights that AI brings automation capabilities to blockchain, enabling the development of diverse applications.
The Market Rises Slowly as AI Tokens Surge
The spike in AI-related cryptocurrency prices coincides with a gradual rise in the overall market. The GMCI 30 Index has increased from 104 to 113 over the past week.
Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats.