The brisk popularity of the text-based artificial intelligence (AI) platform ChatGPT has reawakened public interest in the underlying technology, giving rise to AI Cryptos, some of which are worth watching in the third month of 2023.
With this in mind, we have examined the recent performance and events around some of the most promising AI-related digital assets to compile a list of those that crypto traders and investors should keep an eye on in March, in no particular order.
The Ocean Protocol
Ocean Protocol, an open-source blockchain-based data exchange, has captured the public’s attention, promising to raise the project’s value due to its innovative method of processing and distributing difficult-to-access data, allowing developers to construct more immersive applications.
Although the price of its data token has fallen in recent days, the attitude behind (OCEAN) remains positive, as it has steadily increased since the beginning of the year and in the past month, trading at $0.44 at press time, up 20.49% over the previous month and 168% since January.
Covalent
Covalent, a Web3 data supplier, recently announced the expansion of its collaboration with blockchain infrastructure provider NodeReal with the release of Premium Balance API, a premium offering for developers that leverages NodeReal’s infrastructure and Covalent’s data pool.
Covalent’s (CQT) price has increased by 33.21% since the end of the year, gaining 34.48% in the previous 30 days, and has continued to rise in the past 24 hours, trading at $0.1433, up 12.88% on the day, as charts show.
SingularityNET
SingularityNET (AGIX), which allows anybody to effortlessly “produce, share, and commercialize” AI services, has raced 153% over the past month and a stunning 820% on its year-to-date (YTD) chart following a period of sideways (in)activity.
Meanwhile, favorable events, such as the upcoming beta test launch of the project’s Cardano staking gateway in March, have fueled AGIX’s recent steady climb, with the token up 4.02% on the day and 5.62% in the past week, trading at $0.42.
The Graph
The Graph (GRT), with a market value of $1.44 billion, remains the undisputed leader in its field, receiving significant market interest following a recent Messari study that revealed that revenue from query fees on its network climbed by 66% in the fourth quarter of 2022.
The token has advanced 190% since the beginning of 2023, in addition to racing 80.85% over the past month, and is currently trading at $0.16.
It offers a new approach to indexing and querying data on the blockchain and potentially solving the problem of developers’ access to data with GRT incentives.
Fetch.ai
However, tokens issued by the Fetch.ai platform, which integrates blockchain and AI to create a network of Autonomy of Things (AoT) apps, have witnessed increased attention from crypto whales, who were spotted trading FET at a higher rate earlier this month.
According to data gathered on February 24, the current price of FET is $0.47, up 5.41% on the day and 12.17% on the week, as it continues to build up to gains of 75.94% on its monthly chart, as well as 410% since the start of the year.
Conclusion
Although the price of any cryptocurrency, including AI assets, can fluctuate depending on the project’s stage of development, related chatter in crypto social circles, and outside factors on the larger crypto scale and macroeconomic landscape, these AI-focused cryptos will continue to gain attention (and potentially value) during March.
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