The booming popularity of the text-based artificial intelligence (AI) platform ChatGPT has reawakened the public’s interest in the underlying technology, giving rise to AI-focused cryptocurrencies, some of which are worth keeping an eye out for during the third month of 2023.
With this in mind, Finbold has analyzed the recent performance and developments surrounding some of the most promising AI-related digital assets to arrive at the list of those that crypto traders and investors should consider paying attention to in March, in no particular order.
Ocean Protocol (OCEAN)
An open-source blockchain-based data exchange Ocean Protocol (OCEAN) has caught the public’s eye, promising to increase the project’s value thanks to its unique approach to handling and sharing data that is challenging to access, which allows developers to build more immersive applications.
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Although the price of its data token has been suffering in recent days, the sentiment around OCEAN remains bullish, as it has recorded steady increases since the year’s turn and in the past month, at press time trading at $0.44, up 20.49% across the previous month and 168% since January 1.
Covalent (CQT)
Web3 data provider Covalent (CQT) recently announced the expansion of its work with blockchain infrastructure provider NodeReal through the release of Premium Balance API, a paid service for developers leveraging NodeReal’s infrastructure and Covalent’s data pool.
Since the year’s end, Covalent has recorded an increase to its price of 33.21%, gaining 34.48% in the previous 30 days, as well as continuing to advance during the past 24 hours, as it traded at the price of $0.1433, up 12.88% on the day, as charts demonstrate.
SingularityNET (AGIX)
Racing 153% over the past month and a whopping 820% on its year-to-date (YTD) chart after a period of sideways (in)activity, SingularityNET (AGIX) that allows anybody to easily “create, share, and monetize” AI services has proven that it still has plenty of potential.
Meanwhile, positive developments, such as the beta test launch of the project’s Cardano staking portal set for March, have fuelled AGIX’s continuous growth in the recent period, as the token gained 4.02% on the day and 5.62% in the past week, currently changing hands at the price of $0.42.
The Graph (GRT)
Boasting a market capitalization of $1.44 billion, The Graph (GRT) remains the ultimate leader among its kind, gaining a lot of market attention after a recent Messari report that revealed that the revenue from query fees on its network has increased by 66% in the last quarter of 2022.
Offering a new approach to indexing and querying data on the blockchain and potentially solving the problem of developers’ access to data with GRT incentives, the token has advanced 190% since the beginning of 2023, in addition to racing 80.85% over the past month, currently trading at $0.16.
Fetch.ai (FET)
Meanwhile, tokens by the Fetch.ai (FET) platform, which combines blockchain and AI to create a network of Autonomy of Things (AoT) applications, have recorded soaring interest from crypto whales, who were seen trading FET at an increased rate earlier this month.
As things stand, the current price of FET is $0.47, up 5.41% on the day and 12.17% across the week, as it continues to add up to the gains of 75.94% on its monthly chart, as well as 410% since the year’s beginning, according to the data retrieved on February 24.
Conclusion
Although the price of any crypto, AI assets included, can vary depending on the project’s evolution stage, the related chatter in the crypto social circles, as well as the outside factors on the wider crypto scale and macroeconomic landscape, these AI-focused cryptos will continue to gain attention (and potentially value) during March.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
