The growing popularity of the text-based artificial intelligence (AI) platform ChatGPT has reawakened the public’s interest in the underlying technology, resulting in the emergence of AI-driven cryptocurrencies, some of which are worthy of attention in the third month of 2023. With this in mind, analysts shared 5 AI coin projects worth watching in March.
5 AI coins to watch in March
Ocean Protocol (OCEAN)
Ocean Protocol (OCEAN), an open-source blockchain-based data exchange, has caught public attention by promising to increase the value of the project through its unique approach to processing and sharing hard-to-access data, allowing developers to build more immersive applications. While the price of the data token has been suffering in recent days, the air around OCEAN remains bullish as it has recorded steady gains since the beginning of the year and last month. At press time, the artificial intelligence coin is trading at $0.44, up 20.49% month-on-month and 168 percent since Jan.
Covalent (CQT)
Web3 data provider Covalent (CQT) recently announced the expansion of its work with Blockchain infrastructure provider NodeReal with the release of the Premium Balance API, a paid service for developers leveraging NodeReal’s infrastructure and Covalent’s repository. Covalent, which has increased its price by 33.21% since the beginning of the year, has gained 34.48% in the last 30 days. As the charts show, it continued to move forward over the past 24 hours, trading at $0.1433, up 12.88% daily.
SingularityNET (AGIX)
Allowing anyone to ‘create, share and monetize’ easily, SingularityNET (AGIX) has seen a 153% increase over the past month. In addition, it experienced an increase in value reaching 820% since the beginning of the year. AI services have proven to still have a lot of potential. Meanwhile, positive developments such as the beta test launch of the project’s Cardano staking portal for March have supported AGIX’s continued growth in the recent period. The artificial intelligence coin is currently trading at $0.42, up 4.02% on a daily basis and 5.62% on a weekly basis.
The Graph (GRT)
cryptocoin.comAs you follow, The Graph (GRT), boasting a $1.44 billion market cap, has garnered a lot of attention in the market following a recent Messari report revealing that revenue from query fees on its network rose 66% in the last quarter of 2022, gaining the largest market of its kind. remains the leader. Offering a new approach to indexing and querying data on the blockchain, potentially solving the problem of developers accessing data with GRT incentives, the token saw an 80.85% increase last month. Additionally, it has increased 190% since the beginning of 2023 and is currently trading at $0.16.
Fetch.ai (FET)
Meanwhile, the tokens of the Fetch.ai (FET) platform, which combines Blockchain and artificial intelligence to create a network of Autonomy of Objects (AoT) applications, have previously attracted an increasing interest from crypto whales who trade FETs. Currently, FET’s current price is $0.47, up 5.41% daily and 12.17% over the week, continuing to push gains of 75.94% on the monthly chart and 410% year-over-year.
While the price of any cryptocurrency, including AI coin projects, may fluctuate depending on the stage of development of the project, the relevant speculation in crypto social circles, as well as external factors in the wider crypto scale and macroeconomic landscape, these AI-driven cryptos are worth watching during the month of March.
The opinions in the article are those of the analysts and are definitely not investment advice.
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