- The AI cryptocurrency market rose 8% for the week, reaching a market capitalization of $286.9B.
- The blockchain intelligence platform offers five of the highest performing AI assets.
- Token unlock schedules paint a different picture for Fetch.AI and WLD.
Artificial intelligence (AI)-based tokens are on the rise this year despite the market for niche AI cryptocurrencies failing to meet expectations of the leading altcoin rally. Meanwhile, flagship cryptocurrency Bitcoin (BTC) appears to have broken the bearish ETF curse. Positive net flows began pouring in, pushing the BTC price above $68,000.
Here’s which AI cryptocurrency has taken the reigns.
SpotOnChain claims that AI cryptocurrencies are expected to be prominent contributors to the next altcoin cycle as top digital assets return to strength. The blockchain data research platform selected the five best-performing AI coins over the past month, highlighting AI cryptocurrency supply dynamics, including upcoming token unlocks.
Bittensor (TAO) is a blockchain centered on creating a peer-to-peer machine learning marketplace. We are decentralizing our machine learning efforts to create an “unstoppable library of knowledge.” This AI coin draws attention to Bitcoin, which operates on proof-of-work (PoW).
The supply of TAO is limited to 21 million, the same as Bitcoin. Currently priced at $569.23, TAO has exploded 104% in one month, making it the best-performing cryptocurrency in the AI asset class. SpotOnChain, on the other hand, warns that incoming TAO token unlocks will be worth 37% of the total supply next year.
Fetch.AI Crypto and WorldCoin added to the list
WorldCoin (WLD), an iris scanning digital identity project, took second place with a monthly growth rate of 58.4%, beating out the bronze medalist Fetch.ai (FET) AI cryptocurrency. In comparison, Fetch, rebranded as Artificial Superintelligence Alliance, gained 12.6% over the same period.
Limited to 2.7 billion FET tokens, the self-described “open marketplace for AI agents” has a coin price of $1.40, according to CoinGecko. Interestingly, the token unlock schedule shows that 92.6% of all FET crypto tokens have been unlocked and are already in circulation.
However, this is not the case with WLD. Limited to 10 billion tokens, the native cryptocurrency of this popular AI project currently holds 54.5% of the tokens in circulation. It costs $2.22 and the rest will be unlocked in the next 3-5 years, with an expected end date of July 2028.
On the flipside
- In addition to former Microsoft computer guru Sam Altman, WorldCoin is backed by two bankrupt cryptocurrency companies: Alameda Research and Three Arrows Capital (3AC).
Why This Matters
As the impact of AI becomes more perceptible in our daily lives, the utility and transactional demand for AI tokens is increasing.
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