Coingecko: What is the highest AI cryptocurrency by market cap?

Author: Shaun Paul Lee, Coingecko; Compiler: Deng Tong, Golden Finance

Since the release of OpenAI’s ChatGPT at the end of 2022, artificial intelligence (AI) has become a hype, leading to the valuation of artificial intelligence companies. The value has reached astronomical figures, and the prices of artificial intelligence-related stocks have also skyrocketed. The craze has since extended to cryptocurrencies in the artificial intelligence sector, with prices surging across the board.

What is the highest artificial intelligence cryptocurrency by market capitalization?

The AI ​​cryptocurrency with the highest market capitalization is Bittensor (TAO), with a market capitalization of $3.85 billion.

It is followed by Render (RNDR) with a market capitalization of $3.03 billion.

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

Bittensor is undisputed Maintaining the first place

Bittensor is a decentralized machine learning protocol supported by TAO tokens. Remains the largest artificial intelligence cryptocurrency during January and February 2024. As of February 29, 2024, its market capitalization was $3.85 billion. Its market cap is $820 million and $3.03 billion higher than Render's.

In the first two months of this year, there were no changes in the ranking of the top five artificial intelligence cryptocurrencies. Outside of the top 5, however, significant changes have occurred. Autonolas (OLAS) started 2024 in sixth place with a market cap of $300 million, falling to ninth place on February 29 with a market cap of $300 million. Although its market capitalization increased by $4.07 million, it was still surpassed by other AI coins.

Nosana (NOS) had the largest ranking improvement, starting 2024 in ninth place and ending February in seventh place. Its market capitalization climbed from US$50 million to US$510 million, an increase of US$460 million.

Which AI cryptocurrencies have seen the biggest gains?

The largest increase among crypto AI coins in 2024 is Nosana, with a price increase of 987.9%. It rose from $0.56 to $6.01 within the month.

Followed by DeepFakeAI (FAKEAI), it increased by 628.6%, from $0.0008 to $0.0069.

Synesis One (SNS) In third place, up 595.4%, its price increased from $0.016 at the beginning of the year to $0.108 at the end of February. Overall, however, the AI ​​cryptocurrency gained an average of 257.2% between January 1 and February 29, 2024.

In terms of market capitalization growth, Bittensor leads the way, increasing its valuation by $2.22 billion. This was followed by Render, which added $1.2 billion. SingularityNET ( AGIX ) ranks third, with its market capitalization increasing by $510 million since the start of 2024 to $930 million.

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

OpenAI’s Sora announcement drives AI cryptocurrency higher

OpenAI’s Sora text-to-video After the release of the 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, rising from -31.4% on February 17 to 628.6% on February 29.

AI cryptocurrency ranking changes

AI cryptocurrency ranking changes between January 1, 2024 and February 29, 2024 (based on market capitalization).