Meta’s (formerly Facebook) positive quarterly earnings report not only had an impact on Meta’s shares. It’s also about artificial intelligence cryptocurrency It also affected the units significantly. Following this positive result, Meta’s stock price experienced an upward momentum of over 14%, while the market value of AI-related cryptocurrencies increased by more than 17%.
Mark Zuckerberg’s Optimistic Perspective on Artificial Intelligence and Metaverse
Following a positive earnings report, Mark Zuckerberg, CEO and founder of Meta, stated: “We had a good quarter as our community and business continue to grow. “We have made a lot of progress in our vision of improving AI and the metaverse.”
Additionally, its CEO’s positive optimism indicates that Meta’s ongoing developments in artificial intelligence and the metaverse demonstrate their commitment to these futuristic technologies. This statement and positive outlook on artificial intelligence caused a general rise in artificial intelligence-related cryptocurrencies.
On the other hand, Internet Computer (ICP), injective Top AI tokens such as (INJ), NEAR Protocol (NEAR), Render (RNDR) and others have experienced significant price increases. Despite these increases in AI token prices, the overall cryptocurrency market is also on the rise and experiencing an upward trend.
Injective (INJ) and Other Tokens Show Positive Momentum
The top-earning AI token, Internet Computer (ICP), is currently trading around $12.6. Additionally, it has experienced upward momentum of over 8% in the last 24 hours. Looking at ICP over a longer period of time, it has experienced over 10% increase in price momentum in the last 7 days, while it has experienced over 7% downside momentum in the last 30 days. However, ICP has the highest market cap at $5.8 billion, surpassing all other AI tokens.
Another token gaining momentum is Injective (INJ). Currently, INJ is trading around $34.6 and has experienced over 3% upward momentum in the last 24 hours. When we examine INJ’s performance over a longer period of time, it has seen upward momentum of over 5% in the last 7 days, while it has experienced downward momentum of over 14% in the last 30 days.
Other AI cryptocurrencies gaining momentum include NEAR Protocol (NEAR), Render (RNDR) and The Graph (GRT). According to data from CoinMarketCap, these tokens, including NEAR, RNDR, and GRT, have gained over 4%, 3.5%, and 2.5% respectively in the last 24 hours. With this upward momentum in AI-related tokens, the market value of AI tokens also increased by over 16%, reaching approximately $25.6 billion.