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Academy > Crypto Insights > AI Crypto Coins See Recent 20% Surge to Reach $1 Billion Volume >

AI Crypto Coins See Recent 20% Surge to Reach $1 Billion Volume

2023-11-23 05:00:00

The AI crypto market experienced a significant uptick this past weekend, catalyzed by Elon Musk's announcement of a sizable acquisition by Twitter (X) shareholders in his AI firm, xAI. The ripple effect was immediate: AI-related cryptocurrencies surged by nearly 10%, with week-on-week gains surpassing 11%. This activity pushed trading volumes past the $1 billion mark within 24 hours, benefiting tokens like Bittensor's TAO, Ocean Protocol's OCEAN, Fetch AI's FET, and SingularityNet's AGIX.

Autonolas (OLAS) bucked the trend, securing a 20% price increase and achieving a valuation north of $120 million. As of November 22, 2023, OLAS's market cap has expanded from $87 million to over $124 million, earning it a spot in the top 10 AI cryptocurrencies.

Amidst this landscape, prominent crypto exchanges have launched promotions to reward trading in select AI tokens, including AGIXUSD, CTXC, and FET. Meanwhile, Autonolas continues to innovate with Governatooorr, its AI-driven tool for DAO management. This underscores the project's commitment to enhancing the functionality and governance of decentralized networks.

For the astute trader, these developments underscore the volatility and opportunity inherent in the AI crypto space. Keeping abreast of such market dynamics is essential to navigating investments effectively. As AI continues to disrupt the crypto sphere, staying informed and agile will be key to capitalizing on these trends.

List of Other Top AI Crypto Coins in 2023

Ocean Protocol (OCEAN):

  • Decentralized data exchange platform to unlock data for AI.
  • Uses blockchain smart contracts for secure, transparent transactions.
  • Allows data publishers to commercialize assets while controlling privacy.
  • Users can access, purchase, or sell datasets in the Ocean Market.
  • Boasts a market capitalization of $218,081,788.
  • Has a circulating supply of 613,099,141 OCEAN with a max supply of 1,410,000,000 OCEAN coins.

Big Data Protocol (BDP):

  • Fosters a dynamic data market by integrating DeFi and Web3 to procure and tokenize commercial data.
  • Provides liquidity for data tokens on Uniswap.
  • Governed by its native token BDP.
  • The protocol's market cap stands at $5,119,454.
  • Limits its BDP coin supply to 80,000,000 with 49,823,856 currently in circulation.

Fetch.ai (FET):

  • Aims to build a decentralized economy with AI and blockchain.
  • Creates a network of autonomous agents for self-representation and operations.
  • "Capricorn" upgrade enhances Mainnet, enabling Inter-Blockchain Communication (IBC).
  • FET token gains wider accessibility across IBC-compliant blockchain networks.
  • Facilitates FET token integration into the Cosmos Ecosystem's DEXs, starting with Osmosis Lab.

The Graph (GRT):

  • Aggregates data across blockchains for smart contract development.
  • Enables efficient information retrieval and querying on the Ethereum network.
  • Powers DeFi and broader Web3 applications with its indexing protocol.
  • Allows creation and distribution of open APIs, called subgraphs, using GraphQL.
  • Boasts a significant market capitalization of $1,165,884,009.
  • 8,943,371,235 GRT coins are circulating, with the maximum supply undisclosed.

SingularityNET (AGIX):

  • Hosts an open AI marketplace on its blockchain platform for creating, sharing, and monetizing AI services.
  • Utilizes AGIX, its native token, for transactions within the marketplace.
  • Facilitates a collaborative space for AI developers to offer and evaluate AI tools.
  • Known for innovating with Sophia, dubbed the world's most expressive AI robot.
  • Aims to achieve advanced AI milestones through projects like OpenCog.

Render Token (RNDR):

  • Operates as a distributed GPU rendering network on the Ethereum blockchain.
  • Connects miners with spare GPU power to artists requiring rendering resources.
  • Utilizes RNDR tokens for the exchange of GPU computing power.
  • Implements proof of render systems to validate and release artwork.
  • Supported by a diverse, global team and industry luminaries on the advisory board.
  • Has a market capitalization of $771,343,344.
  • Circulates 363,911,539 RNDR tokens, capping at 536,870,912 RNDR tokens.

Artificial Liquid Intelligence (ALI):

  • ALI is the native ERC-20 utility token for the AI Protocol and its decentralized applications.
  • It governs, incentivizes, and provides rewards within the AI Protocol ecosystem.
  • Facilitates property rights in the generative AI economy for AI characters and assets.
  • Maintains a collection of smart contracts for autonomous rule enforcement by ALI token holders.
  • Offers a platform for secure trading of tokenized AI assets, enabling the creation of interoperable AI dApps.
  • Market capitalization stands at $91,249,568.
  • Boasts a circulating supply of 3,588,163,660 ALI coins out of a total 10,000,000,000.

Cortex (CTXC):

  • A decentralized blockchain platform enabling AI model execution on the network.
  • Provides an open-source AI platform for DApp development with integrated AI functionalities.
  • Allows for the seamless incorporation of AI into smart contracts.
  • Market capitalization of $40,754,983 USD.
  • Circulates 211,794,332 CTXC tokens, with a max supply of 299,792,458 CTXC tokens.

Vectorspace AI (VXV):

  • Supplies correlation matrix datasets utilizing patented NLP/NLU for research acceleration.
  • Aims to shorten research cycles with faster hypothesis testing and experiment throughput.
  • Innovations stem from patents developed at Lawrence Berkeley National Laboratory's Life Sciences division.
  • Commands a market capitalization of $17,686,473.
  • Has 48,483,968 VXV coins currently in circulation.

ChainGPT (CGPT):

  • An AI model tailored for blockchain and cryptocurrency sectors.
  • Solves intricate blockchain and crypto issues using advanced algorithms.
  • Enables rapid access to information and knowledge for its users.
  • Offers unique features designed for individuals, developers, and enterprises in the blockchain field.
  • Holds a market capitalization of $15,845,657 USD.
  • Boasts a circulating supply of 85,061,251 CGPT coins out of a total 1,000,000,000 coins.


As we've seen, AI is making waves in the crypto world, leading to some exciting boosts in the market. It's fascinating to see these smart technologies give crypto trading a whole new edge. Now, let's take a smooth step from these smart AI tokens to something just as clever - crypto trading bots. These handy helpers are all about making trading easier and more efficient, so whether you're new to the game or a seasoned pro, there's a bot out there to amp up your trading strategy.

The Best Crypto Trading Bots:

Phemex

  • Phemex provides a user-friendly futures grid trading bot free of charge. It automatically executes custom trading strategies and is ideal for both newcomers and experienced traders alike.
  • Automates futures contract trades with customizable price settings.
  • Offers three distinct trading strategies for diverse market conditions.
  • Supports futures contracts, with spot contracts integration upcoming.
  • Enables traders to optimize earnings through automated strategies on both the Phemex website and app.
  • Accessible to all users at no cost.

Pionex

  • Features 16 in-built trading bots available at no charge.
  • Offers a competitive trading fee of 0.05% for both makers and takers.
  • Includes bots for grid trading, leveraged trading, arbitrage, and more for diversified strategies.
  • Provides tax reporting solutions through CoinLedger integration.
  • Available on both iOS and Android platforms.
  • The service is perpetually free.

Shrimpy

  • Known for portfolio management and automated trading tools.
  • Notable for its user-friendly interface and extensive tutorials.
  • Offers features like backtesting, social trading, and rebalancing.
  • Community engagement through social platforms for shared trading insights.
  • Partnered with CoinLedger for simplified tax reporting.
  • Free for basic use, with advanced features available at $13-$19 per month.

Coinigy

  • A comprehensive trading platform connecting to over 45 exchanges.
  • Provides real-time pricing, trading, and portfolio management.
  • Subscription tiers range from free for beginners to $99 for advanced features.
  • Covers a wide array of exchanges for a broad market reach.

3Commas

  • Features Dollar Cost Averaging and trailing stop tools for automated trading.
  • Supports a wide range of currencies and integrates with 20 exchanges.
  • Offers paper trading for beginners and SmartTrading for advanced traders.
  • Includes tax reporting functionalities in partnership with CoinLedger.
  • Pricing starts with a free 3-day trial and has various plans up to $75 monthly, plus discounts for longer subscriptions.
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