The hot news surrounding the artificial-intelligence (AI) tool ChatGPT is inspiring an upsurge in AI-focused tokens in the crypto market.
Blockchain AI project SingularityNET led Wednesday's AI and big data token board, with its utility token AGIX surging 18% in the past 24 hours and 80% over the past seven days, according to data from CoinMarketCap.
AGIX’s price jump started around Tuesday, following the news that Microsoft (MSFT) plans to invest $10 billion in OpenAI, the startup behind the popular artificial-intelligence tool ChatGPT. The token’s price climbed to as high as 10 cents on Wednesday before settling back to 8 cents as of press time.
The token’s trading volume has surged 529% in the past 24 hours, CoinMarketCap’s data shows. The token, launched in 2018 and rebranded in 2021, works across multiple blockchains such as Cardano and Ethereum.
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