AI cryptos continue to sizzle with the market sector up over 51% in the past week
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Summary:Many are mid-cap utility tokens that provide protocols for everything from decentralized data to a human robot.

The market field of AI encryption continues to be hot. In the past 30 days, the top 30 tokens have been in a green state. This trend has puzzled many investors: how big a foam may be on this top?  

AI cryptos are up over 51% over the past week, with a total sector market cap of $3.85 billion USD (Source: CryptoSlate).
In the past week, AI passwords have grown by more than 51%, and the total market value of the industry is $3.85 billion (source: CryptoSlate).

This news was released after the widely successful launch of ChatGPT, which was funded by Microsoft with US $10 billion (a large part of which was cloud computing credit provided by Microsoft's Azure cloud platform); And Alphabet Co., Ltd. (the parent company of Google). It is reported that the company also promised toinvestmentAt least US $400 million in Anthropic, the competitor of ChatGPT.

ChatGPT has overturned many workflows and industries. This is the fastest application to achieve 1 million downloads. This feat was achieved only five days after its launch in December last year. It is also integrated into Microsoft's team, enabling the tool to act as a powerful virtual agent and office assistant.

As institutional investors continue to study the AI encryption industry more deeply, the AI encryption industry has also risen rapidly. At KatywoodRecent ARK Investment ReportFor example, she takes the integration of AI and blockchain as part of a broader transformation in the next few years, and investors will pay more and more attention to disruptive innovation in these two areas

However, other analysts are skeptical.

According to a recent report by JPMorgan, which surveyed 835 institutional investors in 60 global markets, more than half of the respondents said they believed that AI and machine learning would be the most influential single technology in the next few years. However, the same survey cast a shadow on institutional investment in cryptocurrency. Nearly three quarters of respondents said that they "have no plan to trade cryptocurrency"

So, what explains the recent rise in the price of AI passwords? Let's take a look at some of the underlying technologies behind some of the most influential figures in the industry

AI Cryptos – Movers and vibrators

Chart (GRT) market value: US $1.1 billion

GRT is the highest-ranking AI cryptocurrency with a market value of more than 1.1 billion US dollars, with an advantage of more than 500 million US dollars compared with the nearest competitor (SingularityNET, currently with a market value of 517 million US dollars). The decentralized platform used to index and query data from the blockchain is specially designed for the decentralized network (Web3). It uses a novel index and query mechanism to retrieve data quickly and efficiently from distributed sources, making it a key infrastructure component of distributed applications (dApps).

GRT differs from other AI-based cryptocurrencies in that it focuses on providing efficient and reliable data retrieval for decentralized applications. GRT's unique index and query mechanism enables fast and efficient data retrieval, which is critical to the operation of distributed applications.

In addition, GRT is designed as a decentralized network, where validators are encouraged to contribute their computing resources to index and query data. This makes it a truly decentralized and open data indexing and retrieval platform, which makes it different from other centralized solutions on the market.

Price: US $0.13

24 hours%:+111.6%

7D%:+47.18%

30 days:+93.09%

%Path: - 95%

The Graph 30D Chart (Source: CryptoSlate)
GRT 30-day chart, the token rose 93.09% during this period (source: CryptoSlate)

Market value of AGIX: $529.62

AGIX is an AI market as an ecosystem of AI related applications and projects. It is popular because it focuses on democratizing AI, allows developers to easily access AI resources, and allows developers to create, share and monetize AI services in their ecosystem. AGIX runs on Ethereum and Cardano, and was created by the AI and blockchain expert team led by Dr. Ben Goertzel, who is also famous for developing humanoid robot Sophia.

The goal of AGIX is to provide a decentralized platform for AI development, and Sophia is a demonstration of the potential of this technology. AGIX is now mainly an AI market, allowing different participants to take advantage of its network. It also includes a betting platform that allows AGIX tokens to help maintain the platform's AI market

Current price: $0.43

24 hours%:+2.35%

7D%:+152.41%

30 days%:+491.69%

%Path: - 76%

AGIX 30 Day Chart, the token is up 558% over that period(Source: CryptoSlate)
AGIX 30-day chart, the token rose 558% during this period (source: CryptoSlate)

Market value of acquisition (FET): USD 359.54 million

Located in the Cosmos ecosystem, FET is essentially a Layer 1 protocol that allows users to use AI to use their peer-to-peer automated robot services. It was created by a team of experts in AI, blockchain and cryptography. The team was founded by Humayun Sheikh, Thomas Hain and Toby Simpson, all of whom have rich experience in the development of intelligent systems and distributed technologies.

The uniqueness of FET is that it uses AI and blockchain technology to create a decentralized network for intelligent automation. The network supports self-organization systems and provides a platform for the creation and deployment of other AI driven decentralized applications. But unlike Singularity, it is essentially an artificial intelligence market. Fetch uses agents to create smart contracts and can detect and perform certain functions.

In addition, FET has a unique consensus mechanism, which combines the elements of proof of work (PoW) and proof of interest (PoS). It uses this unique consensus mechanism to operate as a decentralized AI power supply network to realize intelligent automation and self-organization system.

Their focus is on intelligent automation. Fetch.ai's digital token as a means of accessing platform resources and services provides direct incentives for token holders to actively use and participate in the network.

Price: USD 0.43

24 hour percentage:+15.71%

7D%:+61.83%

30 days:+177.88%

%Path: - 63%

FET 30 Day Chart, the token is up 193.7% over that period(Source: CryptoSlate)
FET 30-day chart, token rose 193.7% during this period (source: CryptoSlate)

Market value of Ocean: US $272.9 million

OCEAN is a big data project created by an experienced technical and commercial professional team led by Bruce Pon and AI researcher Trent McConaghy.

In 2017, the two companies jointly founded Ocean. The idea is that it can serve as a decentralized data storage and privacy service (such as VPN, browser, etc.). They provide data NFT, data farming, and expansion of Ocean DAO and ecosystem. The data NFT developed by OCEAN provides an IP framework that combines ERC20 and ERC721, and may realize multiple revenue streams of the underlying IP through different sublicenses. OCEAN was also included in the list of data economy innovators of the World Economic Forum

Price: USD 0.43

24 hours:+4.71%

7D%:+18.3%

30 days%:+102.81%

%Path: - 77%

OCEAN 30 Day Chart, the token is up 108.62% over that period(Source: CryptoSlate)
OCEAN 30-day chart shows that tokens rose 108.62% during this period (source: CryptoSlate)

Market value of VAIOT (VAI): USD 40.34 million

In terms of encryption AI, VAI's market value is very low, only US $40.34 million. The interest in VAI seems to come from its provision of intelligent services for IBM. It provides enterprises and consumers with artificial intelligence assistants based on blockchain and a combination of smart contracts on the chain to provide automated services and transactions.

Similar to the integration of ChatGPT and Microsoft team, VAIOT combines AI and blockchain to create a series of business-centric intelligent virtual assistants to meet the needs of consumers and enterprises. These virtual assistants will become new digital media for selling, delivering products and services and conducting transactions. What's more, they focus on allowing mobile integration (many other AI focused applications tend to ignore this point and choose to focus on desktop applications).

The ultimate goal of VAIOT seems to be to create a digital platform for business-to-consumer (B2C) and consumer-to-consumer (C2C) transactions between users, using VAIOT blockchain and VAI tokens.

Price: USD 0.20

24 hours:+9.4%

Day 7:+83.48%

%From Athens: - 29.55%

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