Following OpeanAI’s Sora launch, some of the top AI-related tokens, like GRT, NEAR, and AGIX, witnessed a surge, attracting global attention.
In the midst of the recent frenzy surrounding the introduction of OpenAI’s Sora, AI-based tokens operating throughout the cryptocurrency landscape experienced a significant surge in value today.
As some of the most renowned AI-based tokens—GRT, NEAR, and AGIX—experienced phenomenal price increases, this pump garnered considerable international interest among crypto market enthusiasts.
The recent introduction of Sora predominantly demonstrated groundbreaking progress in the field of artificial intelligence, which stimulated a significant increase in the previously mentioned AI tokens, along with numerous others.
Meanwhile, the price surge reflects the optimistic sentiment that has been pervasive in the wider crypto market over the past few days.
It appears that the impending halving of Bitcoin and the expectation of an Ethereum ETF are the primary factors driving this bullish sentiment.
The Graph Price Surges
The Graph (GRT) token is presently trading at $0.2645, reflecting a remarkable 24.19% increase in value over the past 24 hours.
The significant increase observed after the launch of Sorak attracted considerable interest, indicating a potential upward trend for the token when compared to derivatives data.
The data from Coinglass indicated that the open interest of the token rose by 40.10%, while its volume increased by 137.88%.
This exhibited an optimistic sentiment towards GRT in the cryptocurrency industry as a whole, generating additional bullish expectations for the token.
NEAR Protocol Price Springs
The NEAR Protocol’s token, NEAR, has increased by 4.75% in the last 24 hours and is now trading at $3.56.
NEAR’s derivatives data also indicated a general upward trend in the crypto market.
Volume increased by 27.65%, while open interest increased by 5.43%, according to data from Coinglass.
Meanwhile, the network recently disclosed incentives for wallet users who utilize Lava, a decentralized network of API providers that assists developers in constructing web3-native applications, to access NEAR.
AI Token AGIX Cost Increases
The SingularityNET (AGIX) price has surged by 25% in the last 24 hours and is now trading at $0.5687.
When paired with the derivatives data, the token’s notable surge also indicated an uptrend.
Coinglass disclosed that the token’s open interest increased by 18.13%.
Moreover, a decline in the volume of derivatives suggested that the market could soon enter a phase of consolidation.
In summary, the proliferation of AI-based tokens that surged in value after the introduction of the text-to-video platform Sora demonstrated the immense growth and development potential of the artificial intelligence sector.
Crypto market enthusiasts appear to be closely observing the GRT, NEAR, and AGIX market charts, as they anticipate that the advancement of AI will further invigorate prices in the future.