According to Cointelegraph, despite a broader market correction, artificial intelligence (AI)-based crypto tokens and traditional stocks saw a rise on February 21. It is believed that popular AI-based crypto tokens saw double-digit gains.
Sources revealed that Render (RNDR), an Ethereum-based network surged over 17% in the past 24 hours. It is believed that the Graph (GRT $0.28), an indexing protocol for querying blockchain data, has increased by 18% in the past 24 hours. Fetch.ai (FET) is up 11%, while SingularityNet (AGIX) recorded a 33% surge, added Cointelegraph.
The total market capital of AI-based tokens increased by over 9% to $17.8 billion since Nvidia’s quarterly earnings report and has risen from $7 billion earlier in February, Cointelegraph explained.
It is believed the boost in sales and revenue can be attributed to the surge in the global demand for generative AI. Furthermore, the chipmaker saw a market capitalisation of $1.67 trillion, Jensen Huang told Cointelegraph.
(With insights from Cointelegraph)
