"Wow is the best, so will AI tokens dominate the crypto market?"
As of early January 2024, blockchain tokens associated with artificial intelligence (AI) managed to see a rise of more than 185% in three months, among which are SingularityNET (AGIX), Cortex (CTXC), Fetch (FET), Ocean Protocol (OCEAN), Oraichain ( ORAI), and Render (RNDR).
In comparison, DeFi 2.0 tokens are up 87% while GameFi and Real World Asset (RWA) tokens are up 109% and 145% respectively, while one category that recorded better returns than AI tokens was layer-2 which gained 221%.
However, it should be noted that the researchers did not include memecoin in their analysis after claiming that it has a disproportionately large percentage performance gain from its relatively low market capitalization.
Please note that AI token has also outperformed Bitcoin (BTC) and Ethereum (ETH) throughout the year, where both digital assets have increased by 150% and 44% but AI token is higher by 200% to 650%.
FET which is a blockchain network running an AI program called “Agents” and featuring an AI service market has become one of the best performing AI tokens in 2023 following a 659% jump in price.
The second highest rate of return of the AI token is AGIX which recorded a 616% profit for 2023 by offering AI services on the ETH network and other networks will be added later.
While OCEAN and Bittensor (TAO) jumped 215% and 191% respectively, some experts predict that the decentralized physical infrastructure network (DePIN) including blockchain-based AI will grow tremendously in 2024.
