AI Cryptocurrency Inventory: Which one has the highest market value and the biggest increase?

Since the release of OpenAI's ChatGPT in late 2022, AI has become hype, causing the valuations of AI companies to reach astronomical figures and the prices of AI-related stocks to soar. Since then, this craze has continued to cryptocurrencies in the AI ​​sector, with prices soaring across the board.

What are the top AI cryptocurrencies by market cap?

The AI ​​cryptocurrency with the highest market cap is Bittensor (TAO), with a market cap of $3.85 billion as of February 29, 2024.

Next is Render (RNDR) with a market cap of $3.03 billion.

Fetch.ai (FET) ranks third with a market size of $1.41 billion.

Bittensor maintains undisputed first place

Bittensor, a decentralized machine learning protocol powered by the TAO token, remains the largest AI cryptocurrency during January and February 2024. Its market cap is $3.85 billion as of February 29, 2024. Its market cap is $820 million higher than Render’s $3.03 billion.

The ranking of the top five AI cryptocurrencies has not changed in the first two months of this year. However, outside the top 5, there have been significant changes. Autonolas (OLAS) started 2024 in sixth place with a market cap of $300 million and fell to ninth place with a market cap of $300 million by February 29. Although its market cap increased by $4.07 million, it was still surpassed by other AI coins.

Nosana (NOS) had the biggest improvement in ranking, from ninth at the start of 2024 to seventh at the end of February. Its market cap climbed from $50 million to $510 million, an increase of $460 million.

Which AI cryptocurrencies have seen the biggest gains?

The biggest gainer among the crypto AI coins in 2024 was Nosana, with a price increase of 987.9%, from $0.56 to $6.01 in two months.

Next is DeepFakeAI (FAKEAI) , which increased by 628.6% from $0.0008 to $0.0069.

Synesis One (SNS) ranked third with a gain of 595.4%, with its price rising from $0.016 at the beginning of the year to $0.108 at the end of February. However, overall, AI cryptocurrencies rose by an average of 257.2% between January 1 and February 29, 2024.

In terms of market capitalization growth, Bittensor leads the pack, with a $2.22 billion increase in valuation. It is followed by Render, with an increase of $1.2 billion. SingularityNET (AGIX) ranks third, with its market capitalization increasing by $510 million to $930 million since the beginning of 2024.

While Nosana was the company with the largest price increase, its market cap only increased by $450 million, ranking fifth behind Akash Network’s $510 million.

OpenAI’s Sora announcement drives AI cryptocurrency higher

After the release of OpenAI’s Sora text-to-video model, the average price of AI cryptocurrencies increased by 151.0%.

DeepFakeAI was the biggest beneficiary of OpenAI’s latest product, successfully reversing its decline from -31.4% on February 17 to 628.6% on February 29.

AI Cryptocurrency Ranking Changes

Change in AI cryptocurrency rankings between January 1, 2024 and February 29, 2024 (based on market capitalization).