Other tokens associated with AI moving on Thursday included the Graph’s which was 17% higher and Render’s, climbing 23%
OpenAI CEO Sam Altman’s Worldcoin token reached record highs on Thursday besides a wider rally in AI-related tokens.
AI crypto currencies initially climbed in price Wednesday evening after chipmaker Nvidia beat high Q4 earnings and first quarter guidance expectations and the move has gained strength since.
Taking the lead in terms of gains is Worldcoin’s, which is 40% higher on the day and around 170% over the last 7 days. The token hit a fresh all-time peak of $8.85 earlier and was trading at $8.54 at one time. Worldcoin was co-created by OpenAI founder Sam Altman and thus often associated with AI-related projects. SingularityNET, a decentralised AI marketplace, saw its token jump 43%. FetchAI was 18% higher.
Other tokens associated with artificial intelligence moving on Thursday included the Graph’s which was 17% higher and Render’s, climbing 23%.
Strahinja Savic, head of data and analytics at FRNT Financial, says there are a number of reasons behind the recent AI-related token jump.
The launch of (OpenAI’s) Sora (and) Nvidia’s impressive sales forecast are fuelling wider optimism surrounding artificial intelligence that is spilling over into crypto, said Savic in an interview with CoinDesk.
Savic posed the question of how effective exposure is to AI via these AI-themed tokens as most do not actually have a direct connection to the adoption being driven by OpenAI or Google’s Gemini.
The use of blockchain technology for the purposes of artificial intelligence remains unclear and at this point is highly experimental, added Savic. Having said that, buying AI-themed crypto currencies is more exposure to niche blockchain-based AI derivatives, instead of exposure to the mass adoption that has received so much attention recently.
