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Bitcoin, the leading cryptocurrency by market capitalization, has kicked off 2024 on a positive note, currently experiencing price surges to $45,925. The digital asset’s value has risen by close to 7% in the past 24 hours.
In addition to Bitcoin, other cryptocurrency assets are also performing well in this new period. Certain crypto tokens related to artificial intelligence (AI) are demonstrating bullish trends, surpassing the broader crypto market. Two prominent examples are Render (RNDR) and The Graph (GRT).
The token supporting the Render Network, known as render (RNDR), has seen a growth of approximately 9% in the last 24 hours, hitting a peak of \(5.08 in today’s trading session. It ranks 50th in terms of cryptocurrency market capitalization, with a market value of \)1.83 billion.
The Graph Network, a decentralized protocol facilitating users to query and index data from various blockchains like Ethereum, Solana, and Polkadot, operates with the graph (GRT) token. This token has surged by 12% in the past day, reaching highs of $0.225 on January 2, 2024.
As of the current moment, GRT and RNDR tokens are trading at \(0.213 and \)4.895, respectively.
In the previous year, artificial intelligence (AI) represented 11.3% of the cryptocurrency narrative interest, making it the most popular cryptocurrency narrative in 2023, as per a year-end study by CoinGecko.
With the introduction of ChatGPT in November 2022, interest in AI and related sectors expanded within the technology domain. This enthusiasm extended to the cryptocurrency sphere, shining a spotlight on AI-associated coins.
Among AI tokens, Akash Network (AKT) experienced the most significant surge, achieving a price increase of 13 times on January 1, 2023. The leading AI token by market cap, Render (RNDR), followed suit, with its price potentially rising up to 12 times at its peak in 2023.
