Dear Friends,
While the Cryptomarket are at bay during this week, we have witnessed a big leap in the AI based crypto space.
The AI based crypto space widely known for the use of artificial intelligence (AI) in the field of blockchain and cryptocurrencies.
This is the area of the decentralized Intelligence.
AI is widely used to improve the security, scalability, and efficiency of blockchain-based systems, and it has the potential to revolutionize how we use and interact with block chain eco systems. This AI crypto space is a rapidly growing field, with many startups and research institutions focusing on developing new AI solutions for blockchain-based systems and invariably the AI techniques are being embedded in each and every sectors of the world.
According to cryptomarketcap.com, we have witnessed a 5.42% rise in the AI Marketcap today with a reach of $39,420, 344,627 with a trading volume also peaked to 26.52%.
The three major contributory factors for this (1) is going to be the BTC halving over. (2) The American multinational technology company that specializes in the manufacture of graphics processing units (GPUs) for the gaming and professional markets and system on a chip (SoC) units for mobile devices and the automotive market-NVIDIA Corporation's upcoming 1st quarter results in the 3rd week of May 2024. (3) The Reuters news on Open AI new product on search engine would be the competitor for the search engine tycoon- Google.
These news were super boosted to the AI crypto space and there was a big movement in the AI based crypto coins.
The highest marketcapital in this space Near Protocol made a 10.25% run in the last 7 days. Currently it trades at $7.32.
The Render RNDR made a spectacular run over 40% in this week and currently it is trading at $11.07.
The Akash Network AKT also traded 40% up in this week and currently trades at 6.01% and it has raised over 20% in the past 24 hours.
We have already witnessed the ChatGPT backed video generator SORA was a core watch by the crypto market. This AI driven text-to-video model, Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion and multiple characters with vibrant emotions- which was an absolute fantastic and gave thrilled experience to the viewers.
In the era of Web 3, AI is the most watched and welcomed by the world of content creators over the internet.
The AI technological inventions are highly helpful for them in their presentation techniques which have helped them to reach a wider range of audience as well.
So, just watch the AI space crypto coins for all your investment zone to reap a better results in the coming crypto bull market.
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