Quick Take:

• Major AI-related tokens show significant gains in the past 24 hours.
• SingularityNET and Fetch.ai tokens rise by over 6% and 5% respectively.
• AI token market cap reaches $27.7 billion, up over 10% in 24 hours.
• Global cryptocurrency market cap increases by 2.6% to $2.45 trillion.
• Render and AIOZ tokens among top performers, with gains exceeding 7%.

Over the past 24 hours, major artificial intelligence-related tokens have demonstrated substantial gains, outperforming the broader cryptocurrency market. Notably, native cryptocurrencies associated with SingularityNET and Fetch.ai have surged by over 6% and 5% respectively. Fetch.ai, leveraging AI and machine learning for automating business tasks, has witnessed an impressive rally of over 15% in the past month.

According to data from CoinGecko, the market capitalization of AI tokens now stands at $27.7 billion, marking a notable increase of over 10% within the past day. In contrast, the global cryptocurrency market cap has experienced a more modest 2.6% rise, reaching $2.45 trillion.

Among the top ten AI-related tokens, only one has seen a slight retracement, while the rest have enjoyed gains. Render, the native token of a decentralized platform facilitating access to computing power for rendering generative AI artwork, has surged by over 7% in the past 24 hours.

Another standout performer in the daily rally of AI-related tokens is AIOZ, whose price has increased by 4% in the past day, now trading at $0.85. AIOZ has seen a remarkable 30% increase in price over the past seven days, underscoring the growing investor interest in AI-focused cryptocurrency projects.

The surge in AI-related tokens reflects the increasing recognition and adoption of artificial intelligence technologies across various sectors. As businesses and industries continue to explore the potential of AI for enhancing efficiency and innovation, cryptocurrencies associated with AI projects are poised to play a significant role in driving value and transforming traditional processes.

Investors and enthusiasts in the crypto space are closely monitoring the performance of AI-related tokens, recognizing their potential for delivering substantial returns and contributing to the advancement of AI technology. Amidst ongoing market volatility, the resilience and upward trajectory of AI tokens offer promising opportunities for investors seeking exposure to the burgeoning field of artificial intelligence within the cryptocurrency market.