AI Crypto Tokens Surge 257%: 15 Nations Taking the Lead, US Consumers Drive Interest in AI Crypto Coins
AI crypto coins increased by an average of 257% between January and March of this year. This was revealed in a Coingecko report .
Among the top 25 most popular AI coins, Bittensor , Render , and Fetch.ai led the pack in the same period.
Also, a significant number of smaller AI-related coins garnered enough attention to enter this competitive list.
Meanwhile, fifteen countries globally accounted for more than 74% market share of global interest in the AI crypto coins narrative.
The US and the UK took the 1 st and 2 nd spots, respectively, while Southeast Asia showed a particularly outsized interest in these coins.
Interestingly, the UK, the US, India, Australia, Canada, and the Philippines led global rankings for meme coins in 2023 as well – suggesting a particular reactive nature to crypto market narratives.
Artificial Intelligence (AI) coins or tokens are cryptocurrencies developed specifically to power particular AI-based projects, applications, and services.
This includes decentralized AI marketplaces, AI-powered trading algorithms, AI-driven decentralized autonomous organizations (DAOs), and more, Crypto.com explains. Furthermore, these coins leverage artificial intelligence to improve user experiences, scalability, and security within blockchain networks, says zebpay.
AI cryptos serve as a means of payment for transactions on an AI platform. Otherwise, they can be used as governance tokens, granting governance rights to their holders.
Moreover, AI can be trained to analyze market trends, identify investment opportunities, detect illicit activities, and many other tasks, with more potential applications emerging daily.
The surge in interest in AI crypto is unsurprising given the massive attention AI, in
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