According to CryptoPotato, tokens associated with artificial intelligence (AI) projects are experiencing significant growth, following the broader crypto market's bullish trend. Santiment, a crypto analytic platform, has reported a substantial increase of 7.3% in the overall market cap of the top 100 AI and Big Data projects. Assets such as BOTTO, TOKEN, and AGIX have seen impressive percentage surges over the past week. Despite declining crowd interest, the absence of FOMO suggests potential for further price increases, providing a compelling opportunity for investors to closely monitor these developments.
Data from CoinMarketCap shows that BOTTO has gained over 54% in the past week, raising its price to $1.42 and resulting in more than 200% in monthly gains. TokenFi's TOKEN has also attracted investor attention, witnessing a 70% increase in the past day alone. TOKEN's growth was boosted by DWF Labs' commitment to purchase $10 million of the asset over a two-year period, as part of a move to develop a suite of products. SingularityNET (AGIX) experienced a similar uptrend, rising by over 86% in the past month and trading at $1.33 at the time of writing.
A major catalyst for the rising optimism around these assets is the merger announcement between Fetch.AI, SingularityNET, and Ocean Protocol, three prominent players in the web3 and AI sectors. The collaboration aims to combine Fetch.AI's autonomous AI agents and blockchain framework with SingularityNET's R&D efforts and Ocean Protocol's data exchange and monetization initiatives. The platforms, founded by early AI adopters, also seek to establish an alternative to Big Tech's control over AI development, use, and monetization.
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