AI Cryptocurrency Inventory: Which has the highest market capitalization and which has the largest increase?

AI Cryptocurrency Inventory: Which has the highest market capitalization and which has the largest increase?

Golden Finance Enterprise Column

2024/03/07

Author: Shaun Paul Lee, Coingecko; Compiler: Deng Tong, Golden Finance

Since 2022 Since the release of OpenAI's ChatGPT at the end of the year, AI has become a hype, causing the valuation of artificial intelligence companies to reach astronomical figures, and the prices of artificial intelligence-related stocks have also soared. The craze has since extended to cryptocurrencies in the artificial intelligence sector, with prices surging across the board.

What is the highest AI cryptocurrency by market capitalization?

The AI ​​cryptocurrency with the highest market capitalization is Bittensor (TAO), with a market capitalization of $3.85 billion as of February 29, 2024.

Followed by Render (RNDR) with a market capitalization of $3.03 billion.

Fetch.ai (FET) ranks third with a market size of $1.41 billion.

Bittensor remains the undisputed number one

Bittensor is a token powered by TAO Powered by the decentralized machine learning protocol, it remained the largest artificial intelligence cryptocurrency during January and February 2024. As of February 29, 2024, its market capitalization was $3.85 billion. Its market cap is $820 million and $3.03 billion higher than Render's.

In the first two months of this year, there were no changes in the ranking of the top five artificial intelligence cryptocurrencies. Outside of the top 5, however, significant changes have occurred. Autonolas (OLAS) started 2024 in sixth place with a market cap of $300 million, falling to ninth place on February 29 with a market cap of $300 million. Although its market capitalization increased by $4.07 million, it was still surpassed by other AI coins.

Nosana (NOS) had the biggest ranking improvement, starting 2024 in ninth place and ending February in seventh place. Its market capitalization climbed from US$50 million to US$510 million, an increase of US$460 million.

Which AI cryptocurrencies have seen the biggest gains?

The biggest riser among crypto AI coins in 2024 was Nosana, with a price increase of 987.9%, from $0.56 to $6.01 in two months.

##Followed by

DeepFakeAI (FAKEAI), which increased by 628.6% from $0.0008 to $0.0069.

Synesis One (SNS) ranks third with a gain of 595.4%, with its price rising from $0.016 at the beginning of the year to $0.108 at the end of February. Overall, however, the AI ​​cryptocurrency gained an average of 257.2% between January 1 and February 29, 2024.

In terms of market capitalization growth, Bittensor leads the way, increasing its valuation by $2.22 billion. This was followed by Render, which added $1.2 billion. SingularityNET ( AGIX ) ranks third, with its market capitalization increasing by $510 million since the start of 2024 to $930 million.

While Nosana was the company with the largest price increase, its market capitalization only increased by $450 million, ranking it fifth, behind Akash Network’s $510 million.

OpenAI’s Sora announcement drives AI cryptocurrencies higher

The average price of AI cryptocurrencies increased by 151.0% following the release of OpenAI’s Sora text-to-video model.

DeepFakeAI was the biggest beneficiary of OpenAI’s latest offering, successfully reversing its decline from -31.4% on February 17 to 628.6% on February 29.

AI Cryptocurrency Ranking Changes

AI Cryptocurrency Ranking Changes from January 1, 2024 to February 29, 2024 (based on market capitalization).

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