Written by 6:08 pm AI, Altcoin, Latest, News, Popular, Press Release

AI tokens had the third-best returns of any category.

CNN Crypto -Crypto News Network

According to the crypto exchange, AI tokens such as Fetch, Ocean, and Oraichain beat the majority of the cryptocurrency market. According to the cryptocurrency exchange, the majority of other cryptocurrency market segments beaten by AI tokens including Fetch, Ocean, and Oraichain. Blockchain currencies related to artificial intelligence (AI) experienced outsized increases in the three months preceding January 2, according to a Binance Research analysis. 

According to a report from Binance Research, blockchain assets related to artificial intelligence (AI) witnessed disproportionate growth in the three months preceding January 2. Tokens emerged as the second-best performing category after Ethereum layer 2s when meme-coins are excluded. However, when considering meme coins, AI tokens took the position as the third-best performing category.

AI tokens are the third-best-performing category when meme coins are taken into consideration. The data used by the Binance researchers sourced from a Dune Analytics dashboard belonging to @Cryptokoryo_research.

The Spectacular 659% Surge in 2023 Propels It as the Top-Performing AI Coin

Six coins SingularityNET (AGIX), Cortex (CTXC), Fetch (FET), Ocean Protocol (OCEAN), Oraichain (ORAI), and Render (RNDR) were classified as “AI tokens” in the paper. Over three months, the price of these coins increased by 185%.

In comparison, there was a 145% gain in Real World Asset (RWA) tokens, a 109% increase in GameFi, and an 87% increase in DeFi 2.0 tokens. Layer-2s was the only category to show higher returns than AI tokens, with a 221% rise. Since meme coins showed “disproportionate large percentage performance gains as a result of their relatively lower market capitalization,” the researchers did not include them in their analysis.

Over the year, AI tokens also outpaced popular coins like Ether (ETH$2,550) and Bitcoin (BTC$42,798. While ETH gained 44% of the year, BTC concluded the year up 150%. In comparison, “[t]he one-year performance of [AI tokens] varied from 200% to as high as 650%,” according to the researchers.

Fetch was the best-performing AI coin in 2023, rising in value by 659% over the year. Fetch is a blockchain network that, according to its documentation, has a marketplace for AI services and executes AI algorithms known as “Agents.”

SingularityNET had the second-highest rate of return among these coins, with a 616% gain for the year. SingularityNET claims to provide an AI services marketplace on the Ethereum network, with additional networks to follow later.

Other big AI tokens increase included Ocean Protocol (215%), and Bittensor (TAO), which increased by 191%. Some analysts believe that blockchain-based decentralized physical infrastructure networks (DePIN) and artificial intelligence will form a “power duo” by 2024.

Visited 1,242 times, 1 visit(s) today
Close
  • bitcoinBitcoin (BTC) $ 62,854.00 1.36%
  • ethereumEthereum (ETH) $ 2,441.23 1%
  • tetherTether (USDT) $ 1.00 0.16%
  • bnbBNB (BNB) $ 568.96 0.98%
  • solanaSolana (SOL) $ 146.05 2.33%
  • usd-coinUSDC (USDC) $ 1.00 0.12%
  • xrpXRP (XRP) $ 0.534344 0.48%
  • staked-etherLido Staked Ether (STETH) $ 2,440.78 0.97%
  • dogecoinDogecoin (DOGE) $ 0.111442 1.64%
  • the-open-networkToncoin (TON) $ 5.33 1.83%
  • tronTRON (TRX) $ 0.154757 0.72%
  • cardanoCardano (ADA) $ 0.357368 2.06%
  • avalanche-2Avalanche (AVAX) $ 26.89 4.93%
  • shiba-inuShiba Inu (SHIB) $ 0.000018 4.53%
  • wrapped-stethWrapped stETH (WSTETH) $ 2,874.62 0.99%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 62,730.00 1.34%
  • wethWETH (WETH) $ 2,437.01 0.8%
  • chainlinkChainlink (LINK) $ 11.28 0.25%
  • bitcoin-cashBitcoin Cash (BCH) $ 324.82 1.02%
  • polkadotPolkadot (DOT) $ 4.19 1.29%
  • daiDai (DAI) $ 1.00 0.2%
  • leo-tokenLEO Token (LEO) $ 6.02 0.99%
  • nearNEAR Protocol (NEAR) $ 4.91 2.92%
  • uniswapUniswap (UNI) $ 7.03 2.82%
  • litecoinLitecoin (LTC) $ 67.46 1.88%
  • suiSui (SUI) $ 1.83 5.4%
  • bittensorBittensor (TAO) $ 599.51 6.3%
  • aptosAptos (APT) $ 8.63 0.46%
  • pepePepe (PEPE) $ 0.000010 8.65%
  • wrapped-eethWrapped eETH (WEETH) $ 2,558.47 0.84%
  • internet-computerInternet Computer (ICP) $ 8.48 3.46%
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.46 4.09%
  • kaspaKaspa (KAS) $ 0.143707 2.83%
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.383139 0.77%
  • ethereum-classicEthereum Classic (ETC) $ 18.78 1.27%
  • stellarStellar (XLM) $ 0.092241 0.16%
  • moneroMonero (XMR) $ 147.66 3.56%
  • blockstackStacks (STX) $ 1.83 1.01%
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00 0.43%
  • okbOKB (OKB) $ 41.71 0.32%
  • dogwifcoindogwifhat (WIF) $ 2.53 12.95%
  • ethena-usdeEthena USDe (USDE) $ 1.00 0.1%
  • immutable-xImmutable (IMX) $ 1.51 0.13%
  • aaveAave (AAVE) $ 149.72 0.41%
  • filecoinFilecoin (FIL) $ 3.70 2.23%
  • crypto-com-chainCronos (CRO) $ 0.080520 0.53%
  • render-tokenRender (RENDER) $ 5.39 1.4%
  • optimismOptimism (OP) $ 1.67 4.76%
  • hedera-hashgraphHedera (HBAR) $ 0.053831 1.07%
  • injective-protocolInjective (INJ) $ 20.75 4.43%
  • arbitrumArbitrum (ARB) $ 0.556747 1.1%
  • mantleMantle (MNT) $ 0.605031 2.11%
  • vechainVeChain (VET) $ 0.023267 2.78%
  • fantomFantom (FTM) $ 0.651990 6.95%
  • cosmosCosmos Hub (ATOM) $ 4.62 0.29%
  • whitebitWhiteBIT Coin (WBT) $ 11.52 0.35%
  • thorchainTHORChain (RUNE) $ 4.91 2.29%
  • the-graphThe Graph (GRT) $ 0.163625 3.53%
  • bitget-tokenBitget Token (BGB) $ 1.10 4.14%
  • sei-networkSei (SEI) $ 0.434901 6.1%
  • bonkBonk (BONK) $ 0.000022 6.2%
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,436.15 0.79%
  • popcatPopcat (POPCAT) $ 1.39 14.65%
  • flokiFLOKI (FLOKI) $ 0.000139 4.83%
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,727.35 0.84%
  • theta-tokenTheta Network (THETA) $ 1.33 3.81%
  • makerMaker (MKR) $ 1,463.22 0.67%
  • arweaveArweave (AR) $ 19.57 5.03%
  • heliumHelium (HNT) $ 7.34 4.66%
  • pyth-networkPyth Network (PYTH) $ 0.336574 0.08%
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,548.75 1.08%
  • mantra-daoMANTRA (OM) $ 1.38 2.81%
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 62,617.00 1.06%
  • celestiaCelestia (TIA) $ 5.30 3.35%
  • gatechain-tokenGate (GT) $ 8.70 0.94%
  • jupiter-exchange-solanaJupiter (JUP) $ 0.787149 2.27%
  • ondo-financeOndo (ONDO) $ 0.736847 3.52%
  • algorandAlgorand (ALGO) $ 0.126937 0.92%
  • matic-networkPolygon (MATIC) $ 0.380427 0.4%
  • quant-networkQuant (QNT) $ 69.78 1.16%
  • worldcoin-wldWorldcoin (WLD) $ 1.96 8.29%
  • jasmycoinJasmyCoin (JASMY) $ 0.019950 2.09%
  • lido-daoLido DAO (LDO) $ 1.08 2.5%
  • kucoin-sharesKuCoin (KCS) $ 7.95 1.1%
  • bitcoin-svBitcoin SV (BSV) $ 46.61 1.66%
  • bittorrentBitTorrent (BTT) $ 0.00000094 1.15%
  • wormholeWormhole (W) $ 0.343228 0.76%
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,429.58 1.1%
  • coredaoorgCore (CORE) $ 0.938044 1.95%
  • flowFlow (FLOW) $ 0.552608 0.51%
  • fasttokenFasttoken (FTN) $ 2.54 0.22%
  • based-brettBrett (BRETT) $ 0.084473 3.2%
  • beam-2Beam (BEAM) $ 0.016165 2.43%
  • conflux-tokenConflux (CFX) $ 0.182436 6.63%
  • galaGALA (GALA) $ 0.020808 6.64%
  • ethenaEthena (ENA) $ 0.294376 2.41%
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,482.65 0.75%
  • notcoinNotcoin (NOT) $ 0.007658 4.88%
  • klay-tokenKlaytn (KLAY) $ 0.133813 1.62%
  • ordinalsORDI (ORDI) $ 36.79 9.73%