Over the past few months, it seems like AI has been saturating every major market that people could think of. And even though AI was being used in most types of cryptocurrencies, the newest generation is really starting to take the rest of the market by storm.
Crypto markets have always been fueled by narratives, with the most recent one being artificial intelligence. In fact, it did not take long before some of the most prominent users of Crypto and Twitter started to herald it as the next bull market trend.
While Twitter is not the best place to gauge interest in the crypto market, it does offer a good benchmark to see where most individuals’ interest lies. And according to public sentiment, suffice it to say that it really is making a killing.
According to data collected by CryptoSlate, AI tokens have managed to grow by an incredible 80% in just a week. These do not even factor in its growth over the past few months either, which goes to show just how popular these tokens are right now.
The Biggest Players in the Market
With the way that the market is growing, it is easy to say that most of the individuals who are into trading are really looking forward to getting into AI trading since that will help them make the most of their overall trading expertise.
Some of the biggest players in the AI token game right now include SingularityNET, Fetch.ai, and Alethea, which have managed to gain an impressive amount in a relatively short time frame. More specifically, all three have grown as much as 220% in a fairly short time frame.
Plenty of competitors
However, they are not the only ones that are raking in a lot of money in the market right now. Instead, there is also the fact that most companies in the market right now are taking notice of the success of these different trading platforms.
Therefore, they are very quick to bring out their own AI-generated tokens. The newest one on the block happens to be an AI-based upstart by the name of Image Generation AI, which has managed to triple in a relatively short span of just two weeks.
Other Big Hitters
Along with startups, these new AI-generated tokens have even allowed much older tokens to resurface and start anew. Measurable Data and Big Data Protocol were two one-hit wonders in 2021 and 2018, respectively.
After jumping on the bandwagon themselves, BDP managed to grow by a staggering 2,100%, and MDT was also able to grow by an incredible 150%.
In the case of both cryptocurrencies, both of them are making use of AI to commoditize the data that they have.