Bitcoin, the leading cryptocurrency by market capitalization, has kicked off 2024 on a strong note, reaching impressive highs of $45,925 in today’s trading. In the past 24 hours alone, the digital currency has shown a nearly 7% increase, signaling a promising start to the new year.
While Bitcoin takes the spotlight, other crypto assets, particularly those tied to artificial intelligence (AI), are also demonstrating robust performance, outpacing the broader crypto market. Noteworthy among them are Render (RNDR) and The Graph (GRT).
RNDR, the crypto token fueling the Render Network, has witnessed a commendable 9% surge in the last 24 hours, reaching a peak of $5.08 in today’s trading session. With a market valuation of $1.83 billion, RNDR holds the 50th position in cryptocurrency market capitalization.
The GRT token, powering The Graph Network, a decentralized protocol facilitating users to query and index data across various blockchains like Ethereum, Solana, and Polkadot, has seen a remarkable 12% rise in the past 24 hours, hitting highs of $0.225 on January 2, 2024.
As of the latest update, GRT and RNDR tokens were trading at $0.213 and $4.895, respectively.
Recent studies reveal that artificial intelligence (AI) has emerged as the most popular crypto narrative in 2023, constituting 11.3% of crypto narrative interest over the past year. The launch of ChatGPT in November 2022 significantly contributed to the rise in AI-related activities in the tech industry, subsequently influencing the cryptocurrency space with a focus on AI-related coins.
Among AI tokens, Akash Network (AKT) experienced the most substantial surge, reaching an all-time high at 13 times its January 1, 2023, price. Following closely, RNDR, the largest AI token by market capitalization, achieved an increase of up to 12 times its 2023 yearly high, showcasing the growing interest in AI-related assets within the crypto community.
