A Cardano (ADA)-based artificial intelligence coin set the new ATH level today, possibly with support from Elon Musk. Its price is rising by over 150% over the last 24 hours…
Artificial intelligence coin market continues to rally in triple digits
We reported that SingularityNET (AGIX) rose over 30% with a meme shared by Elon Musk on March 15. Today, Rejuve.AI (RJV), another Cardano-based artificial intelligence coin, has risen over 150% to set the new ATH level at $0.136116.
RJV’s rally could be linked to two different catalysts. The first and farthest of these is Rejuve.AI’s latest partnership with SingularityNET, which was trending with Musk’s tweet. RJV, SingularityNET peaked from $0.04696 to $0.136 today after launch.
Why is Rejuve.AI (RJV) rising?
cryptocoin.com In this article, we have included the details of the development that could be the first catalyst. In the second development, the community funding round, the Token Generation Event (TGE), was recently completed.
Rejuve.AI is also directly linked to both Ethereum (ETH) and Cardano (ADA). It is in close contact with both of the largest PoS networks in the market. RJV’s rally also coincided with a period when the market was up in double digits. Today, the entire market, especially Bitcoin and Ethereum, was rising over 5%. Weekly earnings exceed 10%.
Can the AI coin continue to rise further?
The current hype surrounding the Rejuve.AI protocol can also be attributed to the current demand for the AI coin ecosystem. Thanks to the introduction of ChatGPT from OpenAI, many crypto projects are now turning to the world of AI and developing solutions and applications that can help push the boundaries of both AI and Blockchain technology.
Apart from Rejuve.AI, another Cardano-connected artificial intelligence project that has gained attention this year is SingularityNET (AGIX). SingularityNET aims to help everyone easily “build, share and monetize” AI services through the purpose and globally accessible AI marketplace.
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