{"id":12467,"date":"2024-02-16T13:27:01","date_gmt":"2024-02-16T13:27:01","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=12467"},"modified":"2024-02-16T13:27:01","modified_gmt":"2024-02-16T13:27:01","slug":"ai-crypto-sector-nears-10-billion-market-cap-as-bittensor-surges-220-in-2024","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ai-crypto-sector-nears-10-billion-market-cap-as-bittensor-surges-220-in-2024\/","title":{"rendered":"AI crypto sector nears $10 billion market cap as Bittensor surges 220% in 2024"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:80\">The AI crypto sector is on fire, with the overall market cap nearing $10 billion and several projects witnessing massive growth. Bittensor stands out as the current leader, boasting a surge of 220% in 2024 so far and pushing its market cap past the $4 billion mark, even surpassing previously dominant player The Graph.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ai-crypto-sector-nears-10-billion-market-cap-as-bittensor-surges-220-in-2024\/#Top_AI_Crypto_Performers\" title=\"Top AI Crypto Performers:\">Top AI Crypto Performers:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ai-crypto-sector-nears-10-billion-market-cap-as-bittensor-surges-220-in-2024\/#Global_AI_Hype_and_Its_Impact\" title=\"Global AI Hype and Its Impact\">Global AI Hype and Its Impact<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-sourcepos=\"5:1-5:29\"><span class=\"ez-toc-section\" id=\"Top_AI_Crypto_Performers\"><\/span><strong>Top AI Crypto Performers:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul data-sourcepos=\"7:1-7:17\">\n<li data-sourcepos=\"7:1-7:17\"><strong>Bittensor (TAO):<\/strong>\u00a0This Polkadot-based project uses blockchain technology and AI to create a decentralized machine learning network.\u00a0Their TAO token incentivizes developers and measures the network&#8217;s collective intelligence.\u00a0With a 220% gain in 2024,\u00a0Bittensor is currently leading the charge.<\/li>\n<li data-sourcepos=\"8:1-8:150\"><strong>The Graph (GRT):<\/strong>\u00a0A crucial layer for dApps needing efficient blockchain data access,\u00a0The Graph facilitates complex data queries.\u00a0Their GRT token incentivizes data indexing and querying.\u00a0While Bittensor leads the pack,\u00a0The Graph remains a major player in the space.<\/li>\n<li data-sourcepos=\"9:1-9:251\"><strong>Fetch.ai (FET):<\/strong>\u00a0Aiming to create a decentralized digital economy powered by autonomous AI agents,\u00a0Fetch.ai integrates AI to automate and optimize tasks across various sectors.\u00a0Their FET token fuels transactions and services within the ecosystem.<\/li>\n<li data-sourcepos=\"10:1-10:273\"><strong>SingularityNET (AGIX):<\/strong>\u00a0This decentralized AI marketplace allows for creating,\u00a0sharing,\u00a0and monetizing AI services at scale.\u00a0Their AGIX token facilitates transactions,\u00a0governance,\u00a0and platform liquidity.\u00a0SingularityNET emphasizes an ethical approach to AI development.<\/li>\n<li data-sourcepos=\"11:1-12:0\"><strong>Ocean Protocol (OCEAN):<\/strong>\u00a0Democratizing data,\u00a0Ocean Protocol enables individuals and businesses to share and monetize data securely.\u00a0Their OCEAN token incentivizes data sharing and fuels the platform&#8217;s data economy.<\/li>\n<\/ul>\n<h3 data-sourcepos=\"13:1-13:34\"><span class=\"ez-toc-section\" id=\"Global_AI_Hype_and_Its_Impact\"><\/span><strong>Global AI Hype and Its Impact<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-sourcepos=\"15:1-15:72\">As major AI player NVIDIA gears up for its earnings report on February 21st, investor anticipation is high for continued record returns. NVIDIA&#8217;s stock price has skyrocketed by 230% in the past year, fueled by positive earnings reports and projections. This wider AI enthusiasm spills over to the crypto space, influencing investor behavior.<\/p>\n<p data-sourcepos=\"19:1-19:337\">With centralized AI giants like NVIDIA achieving remarkable breakthroughs, decentralized AI projects like Bittensor, The Graph, and others are experiencing resurgences as investors seek to tap into this rapidly evolving landscape. While the long-term impact remains to be seen, the current momentum in the AI crypto sector is undeniable.<\/p>\n<div id=\"gtx-trans\" style=\"position: absolute; left: 321px; top: 611.688px;\">\n<div class=\"gtx-trans-icon\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The AI crypto sector is on fire, with the overall market cap nearing $10 billion and several projects witnessing massive growth. Bittensor stands out as the current leader, boasting a surge of 220% in 2024 so far and pushing its market cap past the $4 billion mark, even surpassing previously dominant player The Graph. Top<\/p>\n","protected":false},"author":1,"featured_media":12469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[4364],"class_list":["post-12467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-ai-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AI crypto sector nears $10 billion market cap as Bittensor surges 220% in 2024 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ai-crypto-sector-nears-10-billion-market-cap-as-bittensor-surges-220-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI crypto sector nears $10 billion market cap as Bittensor surges 220% in 2024 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The AI crypto sector is on fire, with the overall market cap nearing $10 billion and several projects witnessing massive growth. 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