AI Crypto Tokens: Is The Bull Run Over?

A slide in cryptocurrencies also sent many AI & Big Data Tokens toward the bloodbath. The Graph, the largest AI token by market capitalization, sank as much as 13.65 percent in the past 24 hours and was trading at $0.1519.

Timeline of , Fetch, The-graph, Ocean-protocol

The decentralized ecosystem of The Graph ($GRT), “an indexing protocol for querying networks like Ethereum and IPFS,” is seeing substantial growth according to a recent research report by Messari.

AI-based tokens have been on the rise since the beginning of 2023. Fetch.ai's price has surged massively along with other tokens like SingularityNET (AGIX), The Graph Token (GRT), and Ocean Protocol (OCEAN), etc, and many more.

Top AI Coins Price Analysis: The term AI(Artificial intelligence) has been buzzing around the world and crypto market since the launch of ChatGPT, which is a chatbot developed by OpenAI. Thus, with a massive surge in popularity, the cryptocurrencies associated with this AI technology recorded significant gains despite the uncertain market sentiment.

An Ethereum-based (ETH) altcoin has seen its price skyrocket by 175% in less than a week to shatter the $1 billion market cap level. Blockchain indexing protocol The Graph (GRT) has seen its price tag dramatically shoot up since the first of February. The token surged from the $0.08 mark all the way to $0.

The Graph GRT coin: While ChatGPT and Google vie for the pole position in the AI chatbot space, AI tokens are dominating the crypto market. Cryptocurrencies linked to the AI domain, The Graph (GRT) and SingularityNET (AGIX) saw some correction in prices after a huge jump over the last week.

Fetch.ai and other AI-linked tokens have been soaring alongside the ChatGPT-driven artificial intelligence narrative. As a result FETUSD rallied more than 1,000% from lows and Google scrambled to launch its competitor called Bard.

Since its advent, the crypto market has witnessed multiple ups and downs and attracted investors to jump on this bandwagon. However, the latest trend that has shaken up the crypto space is the integration of artificial intelligence with the crypto market, leaving many investors questioning its future potential and market dominance.

The cryptocurrency, Fetch.ai (FET), has been the center of attention for investors, traders, and market experts following its phenomenal price increase over the last month. With a growth of 262% in the past month and a half, it has become one of the best-performing cryptocurrencies in 2023. However, the current outlook appears bleak.

The Graph token has been experiencing extreme bearish pressure and had begun with a parabolic recovery from the past several months. However, the recent upswing uplifted the price straight towards the neckline which was supposed to consolidate in an ascending way for the next 30 to 45 days.

The price of The Graph's native token, GRT, has gained a whopping 114% in the last seven days. However, within the last few hours, the price has experienced a major correction of about 23%.