© Reuters. Crypto AI Token Rendering (RNDR), GRT Soars as Bitcoin Breaks Above $45,000
U.Today – , the largest cryptocurrency by market capitalization, has started the year 2024 on a high note, reaching highs of $45,925 in today’s trading. In the last 24 hours, the digital currency has increased by almost 7%.
However, it is not the only crypto asset that is performing well in the new year. Some of the artificial intelligence (AI) related crypto tokens are also on a bullish streak, outperforming the broader crypto market. Among them, Render (RNDR) and are two notable examples.
, the crypto token that powers Render Network, has risen approximately 9% in the previous 24 hours, reaching a high of $5.08 in today’s trading session. The token has a market valuation of $1.83 billion, ranking it 50th in terms of cryptocurrency market capitalization.
The Graph Token (GRT), which powers The Graph Network, a decentralized protocol that allows users to query and index data from various blockchains, such as, and, has risen 12% in the last 24 hours, reaching highs of 0.225 dollars on January 1. 2, 2024.
The GRT and RNDR tokens were trading at $0.213 and $4,895, respectively, at the time of writing.
According to a year-end study, artificial intelligence (AI) emerged as the most popular crypto narrative in 2023, accounting for 11.3% of crypto narrative interest last year.
Following the debut of ChatGPT in November 2022, interest in AI and related activities gained traction in the technology industry. This enthusiasm has spread to the world of cryptocurrencies, drawing attention to AI-related currencies.
Among AI tokens, Akash Network (AKT) rose the most, reaching an all-time high of 13 times its price on January 1, 2023. Render (RNDR), the largest AI token, followed, and its price increased up to 12 times to its annual high in 2023.
This article was originally published on U.Today.
