The rising popularity of the text-based artificial intelligence (AI) platform ChatGPT has rekindled interest in the underlying technology. With the effect of this trend in the market, the AI coin CryptoGPT (GPT) has started to enter the list of crypto exchanges. This was countered by the strong rise in the price of the token.
CryptoGPT (GPT) is on the list of giant exchanges!
Leading cryptocurrency exchange Bitfinex has listed GPT, the native token of the Ethereum-based, layer 2 Blockchain CryptoGPT, dedicated to developing Artificial Intelligence (AI) and centralizing the AI and data market, as crypto trading, in a press release released on March 8. announced the addition.
As CryptoGPT highlighted in its official Twitter post on March 9, shortly after Bitfinex’s announcement, PancakeSwap (CAKE), Bybit, Gate.io (GT), Uniswap (UNI), MEXC and Bitget (BGB) included Other crypto platforms, including CryptoGPT, have joined the listing race.
https://twitter.com/CryptoGPT_org/status/1633822427385073667
According to Bitfinex’s press release, CryptoGPT describes itself as a crypto ecosystem for collecting data for the purpose of artificial intelligence development. It also aims to ‘give customers the opportunity to earn crypto to share their anonymized data using encrypted zk-proof technology. Bitfinex also stated, “This aims to preserve user anonymity while capturing the necessary data points to be used to build AI models in manufacturing, biotech, education and other industries.”
On top of that, the CryptoGPT ecosystem includes GPT tokens that act as payment for the data the network receives from users when using these dApps, as well as providing ‘fuel’ for transactions on the Blockchain and liquidity events such as buybacks or burns, as well as decentralized applications (dApps) on it. It aims to allow creation.
GPT price exploded
The pre-sale price of the token was $0.005. However, after listing, the price went up to $0.055. This means that the token has seen a 10-fold increase during this time. however, GPT later retracted a bit. At press time, the price of CryptoGPT is up over 30% to trade at $0.04943, according to data from crypto tracking platform CoinMarketCap. The token’s 24-hour trading volume was recorded at $256 million, and its market cap was around $15 million.
CryptoGPT 24-hour price chart / Source: CoinMarketCapAt the same time, accounts claiming to be related to the new AI coin flooded the Twitter crypto sphere and various trending Twitter hashtags related to it, such as ‘Download CryptoGPT’ and the like.
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