Categories: MarketsMenafn

AI Tokens Outperform the Broader Crypto Market

Some of the top AI-related cryptocurrencies have surged in the past 24 hours and on a weekly scale, outperforming the rest of the market.

According to CoinGecko data, the AI token market cap is $26.3 billion, up 4.6 percent in the last 24 hours. 

Akash Network (AKT), a decentralized protocol that integrates a cloud-computing marketplace where users can buy and sell cloud resources, is one of the best performers. The platform has seen its price reach $5.73, a 10.2% surge in the last 24 hours and 35.2% in the last seven days. 

AKT Weekly Chart (CoinGecko)

Meanwhile, Render Network (RNDR) faced a slight retracement of 1.3%. However, the token is up a whopping 36.4% on the weekly scale, priced at $10.99 at press time.

Render Network is also a leading DePIN (decentralized Physical Infrastructure Network) protocol. It is a decentralized solution for GPU cloud rendering that provides a marketplace connecting users seeking on-demand rendering work with owners of high-performance GPU power.

The Graph, GRT, also trades in the green, surging 3.6% in the last 24 hours and 8.9% on the weekly scale. However, AIOZ Network, while showing positive gains of 18.7% weekly, faces stiff resistance in the daily chart, as the AIOZ token has plummeted over 8.1%.

BitTensor (TAO) seems to be the biggest loser, recording an 8.2% loss on the daily chart and 12.3% on the weekly chart.

 

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

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