AI Coins Dominate Top Crypto Gainers As Worldcoin, Bittensor, WienerAI See Big Gains
The crypto market is on the up once more, with Bitcoin breaching $65,000 and other coins benefiting as a result.
Some of the main beneficiaries have been AI coins, which currently dominate the top gainer charts.
AI cryptos were performing strongly even before the current uptick. Despite the total crypto market falling 14.4% in Q2 of 2024, CoinGecko data shows that AI tokens have grown 650% over the past year, with many also on the rise in the last 24 hours.
Which AI Tokens Are Growing?
Worldcoin (TAO) is one of the AI sector’s top-performing tokens, growing 41.75% in the last 24 hours up to $3.06 per token. Its 24-hour trading volume also grew 154% to $859,709,128. The token is focused on gathering a massive amount of biometric data to create a safer, humanity-first approach to the internet.
$WLD#Worldcoin rise to 60% in a few days
At this moment price is in this resistance zone. pic.twitter.com/hbEmg5BF2y
— Yuriy
BikoTrading | OrderFlow Trader (@Yuriy_Biko) July 17, 2024
The token has had a stellar week overall, growing 61.34%, however, it was still affected by the overall market downturn, dropping 3.4% over the course of the last month.
Bittensor (TAO) is a decentralized machine learning network aiming to connect multiple machine learning models from various owners into one big “global brain.” The token has grown 10.87% over the last 24 hours up to $323.32. It managed to get out of the market downturn mostly unscathed, growing 13.64% over the last month.
Artificial Superintelligence Alliance (FET) is up almost 14% today. It is a collaboration between SingularityNet, Ocean Protocol, and Fetch.ai aiming to create a decentralized and sustainable AI architecture. The token maintains a steady history of growth, growing 28.86% over the last week to a total market cap of $3,876,380,669.
What Is Triggering AI Tokens’ To Skyrocket?
AI cryptocurrencies are uniquely positioned to take advantage of TradFi trends. AI has been one of the biggest in recent memory, with the overall AI market growing to over 184 billion in 2024, and is predicted to grow to $826 billion by 2030.
Today’s growth was triggered by multiple factors. OpenAI announced “Strawberry”- a secret project aiming to bolster AI’s overall reasoning capabilities. On top of this, Andrej Karpathy, the former head of AI at Tesla revealed Eureka Labs- an innovative AI native education platform. The more use cases for AI are found in TradFi, the more its DeFi competitors grow in turn.
Even companies outside of AI are implementing it such as YouTube Music announcing it’ll use AI to create a personalized radio for users and recognize songs.
On top of this, the overall crypto market has been recovering in light of the attempted assassination of pro-crypto presidential candidate Donald Trump. BTC is up 3.2% over the past 24 hours, breaking through the $65,000 barrier to $65,310.72 per Bitcoin.
While established AI tokens continue to rise, a newcomer called WienerAI has also been turning heads during recent weeks.
Could WienerAI be the Next AI Crypto to Explode?
WienerAI sits at the intersection of AI and meme coins. Much like AI, meme coins are growing rapidly, with today’s top performers up 30-60%. The token has already raised over $7.5 million in its ongoing presale, showing strong investor interest.
The token aims to create an AI trading bot perfect for new and experienced traders alike. It offers zero fees, AI-driven token analysis, and arbitrage bot protection. On top of this it uses AI to scour the overall market and showcase undervalued tokens.
WienerAI’s tokenomics are extremely friendly to early investors. 30% of the total 69 billion token supply is allocated to the presale, with another 20% allocated for stakers.
Selling for $0.0073, many experts believe this is the lowest we’ll see WienerAI go. 99Bitcoins, a YouTube channel with over 700,000 subscribers predicted it to go as far as 100x.
Finally, the appeal of a dog mascot cannot be understated, with certain meme coins like WIF soaring on the back of this alone.
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