The booming popularity of text-based artificial intelligence (AI) platform ChatGPT has reignited public interest in the underlying technology and spawned AI-focused cryptocurrencies, some of which are worth keeping an eye on in the third month of 2023.
With that in mind, Finbold has analyzed the recent performances and developments surrounding some of the most promising AI-related digital assets to arrive at the list of what crypto traders and investors should be watching for in March, in no particular order.
Ocean Protocol (OCEAN)
An open-source blockchain-based data exchange Ocean Protocol (OCEAN) has caught public attention and promises to increase the value of the project thanks to its unique approach to handling and sharing hard-to-reach data, allowing developers to create more immersive applications.
Although the price of its data token has suffered over the past few days, sentiment around OCEAN remains bullish as it has posted steady gains since the turn of the year and over the past month, trading at $0.44 at press time, up of 20.49% over the previous month corresponds to the month and 168% since January 1st.
Ocean Protocol Year-to-Date (YTD) price chart. Source: Finbold Covalent (CQT)
Web3 data provider Covalent (CQT) recently announced the expansion of its collaboration with blockchain infrastructure provider NodeReal by releasing the Premium Balance API, a paid service for developers leveraging NodeReal’s infrastructure and Covalent’s data pool.
Year-to-date, Covalent has seen its price rise by 33.21% and is up 34.48% in the last 30 days and continued to rise in the last 24 hours as it traded at a price of $0.1433, up by 12.88%. a day, as the charts show.
Covalent year-to-date (YTD) price chart. Source: Finbold SingularityNET (AGIX)
SingularityNET (AGIX) is up 153% over the past month and up a whopping 820% year-to-date (YTD) after a period of sideways (in)activity, allowing anyone to “create, share and monetize” with ease. AI services have proven that they still have a lot of potential.
Meanwhile, positive developments, such as the beta testing launch of the project’s Cardano staking portal scheduled for March, have fueled AGIX’s continued growth of late, as the token gained 4.02% on the day and over the past week Up 5.62% which is currently changing hands priced at $0.42.
SingularityNET Year-to-date (YTD) pricing chart. Source: Finbold The Graph (GRT)
With a market cap of $1.44 billion, The Graph (GRT) remains the ultimate leader of its kind and has come a long way after a recent Messari report that revealed query fee revenue has increased by 66% on its network Market attention gained in the last quarter of 2022.
The token offers a new approach to indexing and querying data on the blockchain, potentially solving the problem of developers accessing GRT-incentivized data. The token is up 190% since the start of 2023, adding to an 80.85% race over the last month. is currently trading at $0.16.
The Graph Year-to-Date (YTD) price chart. Source: Finbold Fetch.ai (FET)
Meanwhile, tokens of the Fetch.ai (FET) platform, which combines blockchain and AI to create a network of Autonomy of Things (AoT) applications, have seen rising interest from cryptowhales that previously traded FET at an increased rate Month.
As of today, FET’s current price is $0.47, up 5.41% on the day and 12.17% on the week as it continues to gain 75.94% on the month chart and up 410% year-to-date beginning, according to data retrieved 24 February.
Fetch.ai Year-to-date (YTD) price chart. Source: Finbold Conclusion
Although the price of any crypto, including AI assets, may vary depending on the development phase of the project, the associated chatter in the crypto social circles, as well as external factors at the broader crypto scale and macroeconomic landscape, these are becoming AI-focused Cryptos continue to garner attention (and potentially value) in March.
Disclaimer: The content of this website should not be construed as investment advice. Investing is speculative. When investing, your capital is at risk.
