AI-related tokens outperform wider crypto market

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According to CoinGecko data, the AI token market cap stands at $27.7 billion — an increase of over 10% in the past 24 hours.

Major artificial intelligence-related tokens have rallied in the past 24 hours, with the native cryptocurrencies associated with SingularityNET and Fetch.ai posting gains of over 6% and 5%, respectively. The latter, which utilizes AI and machine learning to automate business tasks, has seen a rally of over 15% over the past month.

Only one AI-related token out of the top ten has experienced a slight retracement. All other offerings among the top ten AI tokens have rallied, including the native token of Render, a decentralized platform that assists artists in accessing computing power for rendering generative AI artwork, which has gained over 7% in the past 24 hours.

Akash Network recorded a 19% gain over the past 24 hours. The Graph saw a 14% increase. Golem and Arkham both experienced a 10% gain over the same period.

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