🔘Amid the consolidation of Bitcoin’s price, several crypto assets associated with artificial intelligence (AI) have seen significant price increases. Leading the growth was the cryptocurrency of the machine learning algorithm platform Fetch.ai (FET), whose price rose by 29% in the past 24 hours.
🔘The price of OCEAN, the cryptocurrency used by the data economy project Ocean Protocol, rose by 23%, reaching $0.67. The token RNDR from the graphic image processing network Render (RNDR) increased by 2%. The TAO cryptocurrency, the native token of the decentralized machine learning network Bittensor, rose to $314, increasing by 6%.
🔘It has been repeatedly observed that altcoins in this group often respond with sharp price surges when news related to AI breakthroughs appears in the media. For instance, in February, after the report on the earnings of the largest chip manufacturer, NVIDIA, several major crypto assets reacted with growth following the company’s record financial results.