New trend analyzes indicate that artificial intelligence (AI) will be a hot topic in 2023. Since interest peaked and Microsoft invested billions in Chatgpt, the demand for AI-driven cryptocurrencies has increased significantly. Especially familiar projects such as Singularitynet and Fetch.ai managed to rally over 200% in a short period of 30 days.
AI-driven cryptocurrencies are trending
For the week of January 22-28, the term “AI” received a worldwide Google Trends score of 94 out of 100. It wouldn’t be wrong to say that the world has been focusing more and more on artificial intelligence (AI) since the launch of AI-infused art platforms like Dall-E, Deep AI, Jasper Art, Starry AI, Nightcafe, and more. In the past two months, the Openai platform Chatgpt or GPT-3 has become a widely used AI phenomenon.
Google Trends shows that the worldwide score for the search term “Chatgpt” was 100 for the week of January 22-28, rising since the first week of December 2022. Reports also suggest that Microsoft is in third place. The growing trend in artificial intelligence (AI) and the demand for technology are spilling over into Blockchain projects that integrate AI into their protocols.
The popularity of Chatgpt and Dall-E had a direct impact on these cryptocurrencies.
For example, AGIX, the cryptocurrency created by the Singularitynet.io project, has gained 293% since last month. Singularitynet (AGIX) fell more than 6% on Jan. 29, but has risen 17.5% over the past two weeks. The project aims to support the next generation of decentralized artificial intelligence. Vectorspace AI (VXV), another blockchain-powered artificial intelligence project, is another name that exploded 95.9% in the same process. Project Fetch.ai has seen similar demand in the past four weeks.
In the last 30 days, the FET token of the Fetch.ai project has gained 211%. The Fetch.ai team says the project has created “autonomous agent technology” for peer-to-peer applications with automation and artificial intelligence capabilities, with or without direct Blockchain access. Another AI-based blockchain project, Ocean Protocol, and its token OCEAN, have risen 130% in the past 30 days. Named a technology pioneer by the World Economic Forum, Ocean Protocol aims to unlock large-scale data through monetization of encrypted data.
Will the rally continue?
It is unclear how long the demand for AI-based cryptocurrencies and the popularity of these tokens will last. All AI-related cryptocurrencies are currently in the top 75 by market cap and have seen price spikes recently due to the growing interest in AI/Chatgpt. As Kriptokoin.com, we have included the statements of Bill Gates that brought artificial intelligence to the agenda in this article.
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