2024-2-18 07:59 |
The crypto market was relatively calm this weekend as the recent Bitcoin price rally eased. The coin was trading at $51,374, a few points lower than the highest point this year. Still, there were some outliers in the crypto industry.
The Graph (GRT) price rose for five straight days and surged to its highest point since May 2022. It has surged by more than 163% from the lowest point in 2023. The coin has soared hard in the past few months as demand for its network jumps.
For starters, The Graph is a popular blockchain project that helps developers simplify their data in just a few steps. It saves them time and money by helping them develop at a faster pace with 100% less servers. Also, the technology helps them to ensure up to 99% uptime
Meanwhile, Fetch.ai (FET) continued rising as it jumped to a high of $0.8232, its highest point since November 2021. Fetch has soared by 820% from its all-time low, helped by the strong demand for AI assets.
GRT vs FET vs Ocean prices
Most recently, we have seen Nvidia become the fourth-biggest company in the world as demand for AI chips surge. Similarly, Super Micro Computer (SMCI) stock price has gone parabolic, turning it into a $50 billion juggernaut.
Ocean Protocol’s ($OCEAN) price also continued its remarkable comeback during the weekend. It jumped to a high of $0.728, its highest level since January 2022.
A key reason for the performance of these cryptocurrencies is that they are all in the AI industry. The Graph is helping AI developers analyse and handle vast troves of data using subgraphs. Ocean Protocol, on the other hand, offers several products like Data NFTs, Data Tokens, and compute-to-data.
Fetch.ai is also in the artificial intelligence industry. It helps people to build, deploy, and monetize artificial intelligence apps, services, and marketplaces.
The other top-performing cryptocurrencies during the weekend also had an AI angle. For example, Measurable Data (MDT) token surged by over 10% while SingularityNET (AGIX) soared by double-digits.
The post The Graph (GRT), Fetch (FET), Ocean prices soar as AI tokens jump appeared first on Invezz
Similar to Notcoin - Blum - Airdrops In 2024
Emerald Crypto (EMD) на Currencies.ru
|
