Prices of AI-linked tokens such as FET and AGIX are surging on speculation a crypto product will feature at an Nvidia conference later this month even though AI can't run on the blockchain.
Inflows into such projects is coupled with a sell-off in meme coins, which have led crypto gains in the past week.later this month are driving traders to bid on artificial intelligence -linked tokens, propelling CoinGecko 's category for the coins up 25% in 24 hours., Render Network , Sleepless AI and SingularityNET climbed as much as 40%. These projects claim to utilize AI in various ways, such as providing a virtual companion and being a marketplace for graphic processing cards..
The rally seems to be done for now. DOGE, SHIB and PEPE lost over 15% in the past 24 hours, data shows. And in another sign of money leaving the market,in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.