In the recent broader cryptocurrency market**, the altcoin world, especially those focused on artificial intelligence (AI) and big data, has been very active.
The market capitalization of AI and big data altcoins is around $37 billion, accounting for 2Of the $48 trillion, artificial intelligence and big data altcoins have been receiving huge attention. In the last 24 hours alone, the altcoin market has seen a surge in trading volume, reaching around $7.6 billion, an increase of 617%。
During this intense market activity, some prominent AI altcoins captured the attention of investors, including FetchAI, Render, Near Protocol, SingularityNet, Akash Network, and WorldCoin. These cryptocurrencies have made significant gains, reflecting the growing interest in AI-powered projects and decentralized technologies in the cryptocurrency ecosystem.
Which AI altcoins are being ** today?
1.fetch.ai（fet）
FET is outperforming in the cryptocurrency market today, cementing its position as one of the top three performers. fetch.AI is pioneering a decentralized digital environment where autonomy can work together seamlessly. FET tokens facilitate staking, consensus participation, and access to FetchAI network services. The focus of the project covers chain optimization, autonomous vehicles, and smart cities.
fetch.AI (FET) was the biggest gainer, up 41 in the last 24 hours79%, impressive. This spike will fetchAI's ** pushed up to 2$65, with a trading volume of more than $1.2 billion as well.
Fetch AI (FET) is due to FetchAI will launch Fetch Compute. The initiative, announced on March 5, 2024, involves an investment of $100 million to enhance the development capacity of the AI economy.
By deploying state-of-the-art NVIDIA GPUs, Fetch Compute accelerates FetchInnovations within the AI ecosystem that address the GPU shortage and provide computing power to developers. In addition, Fetch Compute Credits reward FET token holders, providing access to the network's computing power.
This strategic move strengthens the utility of the FET token and strengthens FetchAI's infrastructure capabilities are in line with its vision of a smart, connected AI world.
2.NEAR Protocol (NEAR).
The NEAR Protocol is a layer-1 blockchain designed to address the limitations found in other competing platforms. It prioritizes developer and user-friendliness, and its native NEAR token acts as a transaction fee and storage currency on a near-crypto platform. The coin also showed impressive growth, soaring by 3377%。NEAR trade** is 5$62 with a volume of over $1.6 billion, showing strong market participation.
The NEAR protocol** surge can be attributed to its growth in new user acquisition and the growing popularity of gaming and decentralized finance (DeFi) protocols on the blockchain. The introduction of 12.1 million new accounts in 2024 and an increase in on-chain activity highlight the strong network adoption rate. Gaming and DeFi protocols are in particular interested, which indicates the growing trend of entertainment and financial applications within the NEAR ecosystem.
3.Singularity Network (AGIX).
SingurarityNet is a decentralized platform with a mission to democratize artificial intelligence (AI) services. Using blockchain technology as a backbone, SingularityNet has built a marketplace that gives individuals the opportunity to develop, share, and monetize AI services.
AGIX is SingularityNet's native utility token that facilitates a variety of functions, including serving as a means of payment for transactions conducted within the marketplace.
Singapore SolidityNet (AGIX)** soared 3228%, up to 1$13. Singularitynet has a trading volume of more than 6$300 million, highlighting the growing interest in its decentralized AI market.
Despite a major token unlocking event on February 28, the token has seen significant improvements recently. Of the 8.97 million AGIX tokens in circulation (071%, worth more than $6 million), the initial bearish sentiment emerged.
However, contrary to expectations, the bullish momentum quickly gained the upper hand, driving SingularityNet's *** shift is particularly noteworthy given the generally positive sentiment in the crypto market in 2024 and AGIX's status as an AI altcoin, indicating strong investor confidence, making it a favorable investment option.
The AKT price-performance chart is at the forefront of decentralized cloud computing, and AKASH Network has pioneered an innovative approach to the market using the Cosmos ecosystem. By supporting peer-to-peer transactions of computing resources, Akash Network fosters a competitive and open market for cloud services.
AKT is the native token of the AKASH blockchain and secures the network by staking and facilitating lease settlements within the AKASH marketplace.
akash network（akt）**18.08%, * up to 5$11. Despite the relatively low trading volume of around $21 million, Akash Network's ** indicates a positive market sentiment.
The strong performance of Akash Network (AKT)* is largely attributed to its correlation with other cryptocurrencies, especially Bitcoin and other AI tokens, which has been driven by strong demand from developers and users in the AI space. The significant increase in the number of deployments and the number of active providers indicates the rising adoption of Akash Network's decentralized computing solutions.
Conclusion: The proliferation of AI altcoins in the cryptocurrency market highlights the growing interest in AI-powered projects and decentralized technologies. These altcoins effectively capitalize on emerging market trends and technological advancements, thus capturing the attention of investors in a wider range of cryptocurrencies**.