The reasons for the growth of trading volume in artificial intelligence cryptocurrencies by 300% per week

The trading volume of tokens of projects related to artificial intelligence has increased by more than 300% in 7 days and reached $ 4.13 billion. This became known from the publication of data by the analytical service CryptoRank.

The market capitalization of tokens in this category increased by 120% over the same period, exceeding $ 3.49 billion. The leader of growth among digital assets related to artificial intelligence was the Bittensor project token (TAO) — its rate jumped by 80% in a week, and over the past month, TAO has more than quadrupled in value. Bittensor users are rewarded in TAO tokens for participating in the collective machine learning model.

The token of SingularityNET (AGIX), the «first decentralized artificial intelligence market,» gained 16% in value over the day. The coin of the machine learning algorithm platform Fetch. ai (FET) rose by more than 14%, and the OCEAN token, which is used by the Ocean Protocol data economy project, by 11%.

The excitement around AI tokens comes amid the decision of the board of OpenAI, which owns the ChatGPT AI chatbot, to dismiss Sam Altman from the position of CEO. The Worldcoin (WLD) token, which was developed by Sam Altman’s company, fell by 25% after the news of his resignation, then rose by 38%, and then fell by 10% again. At the time of writing, WLD is trading at $ 2.49, up 8.5% overnight.