- CoinGecko research shows AI-based coins have experienced an impressive 257% increase in two months.
- Bittensor (TAO) leads the market with a valuation exceeding $4.4 billion.
- Nosana experienced the most significant gain, growing 987.9% from $0.56 to $6.01.
CoinGecko, a prominent crypto market tracking platform, has delved into the recent surge of interest in artificial intelligence (AI)–based cryptocurrency tokens. CoinGecko highlights that AI-based coins have experienced an impressive 257% increase since the beginning of 2024.
At the forefront of this surge is Bittensor (TAO), boasting the highest market capitalization in this sector at $3.85 billion as of February 29. However, recent data indicates that Bittensor’s market cap has surpassed $4.4 billion.
CoinGecko observed that Bittensor remained the leading AI cryptocurrency coin between January and February 2024. Behind Bittensor is Render (RNDR), with a market cap of $3.03 billion as of the end of February. Furthermore, CoinGecko highlighted that the top five AI crypto coins have retained their rankings unchanged since January and February.
However, notable changes occurred outside of the top five. …
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