AI coins have seen an increase in demand and market capitalization in a very short period. The main reason behind the appeal of AI coins is the increased use of the underlying technology and a growing demand for artificial intelligence. Giving a push to the pre-existing upward trend, AI-giant Nvidia surpassed Apple in terms of market cap.
The news came in as a boost to the prices of several AI coins like NEAR, RNDR, TAO, FET, etc. Both TAO and RNDR tokens soared more than 3% while NEAR and FET saw a rise of nearly 2%, according to data by Forbes.
Nvidia Surpasses Apple in Market Cap
As reported by CNBC, Nvidia’s market capitalization eclipsed Apple’s, as investors maintained their confidence in the chipmaker responsible for the artificial intelligence boom. After Microsoft, it is currently the second-most valuable publicly traded firm. With a 5% increase in shares on Wednesday, Nvidia also reached a market capitalization milestone of $3 trillion.
Nvidia’s market value after business was $3.019 trillion, while Apple’s was $2.99 trillion. Microsoft has a market capitalization of $3.15 trillion as of Wednesday, making it the most valuable publicly traded firm.
AI Coins To Price Surge In 2024?
One of the largest breakout trends for the cryptocurrency markets since 2023 has been the increase in interest in AI-based cryptocurrency coins. Due to the surge in activity and conversation, investors have flocked to top crypto AI platforms like Fetch AI and Singularity Net in search of supercharged profits.
Even while AI is not dependent on cryptocurrency, its combination with blockchain via AI cryptocurrency fosters a synergistic interaction that maximizes the benefits of both technologies. Blockchain gives AI a safe, decentralized operating environment, which increases confidence in AI judgments and models.
This combination creates new opportunities for the advancement of artificial intelligence, especially in the areas of scalability, security, and accessibility. Thus, although not required, AI cryptocurrencies signify a noteworthy progression in the creation and application of AI, conforming to the existing technological trend of decentralization.
Cryptocurrencies designed especially to power AI-based initiatives, apps, and services are referred to as artificial intelligence (AI) tokens. Examples of these include decentralized AI markets, trading algorithms powered by AI, decentralized autonomous organizations driven by AI, and many more. These tokens can be used to grant holders governance privileges or to be used as payment for transactions on the AI platform.
With the current trend in the AI industry, AI-based blockchains will likely undergo expansion in the coming year. With the amplification of the industry and soaring demand, AI coins are likely to see a price surge even in the coming year.
