The cryptocurrency market is dominated by bulls after a long bear market. In this process, the artificial intelligence narrative is gaining momentum in the market again. An artificial intelligence coin project attracts attention by making 20X on its monthly chart. Moreover, this coin has increased by nearly 100% today. So what’s behind this?
This AI coin made 20X and recorded ATH!
cryptokoin.comAs you can see from , the market is in good spirits. Leading crypto Bitcoin is preparing for its new move just below $38,000. However, the AI coin storm continues in the altcoin world. The enthusiasm around artificial intelligence coin projects shows no signs of fading for now. Most of these coins are just based on an exaggerated narrative. However, some of them form the basis of projects that seek to facilitate technology development through elements of artificial intelligence.
Artificial intelligence coin project Tau (AGRS) reached an all-time high today. Moreover, the token has increased 20 times in the last 30 days. AGRS price broke above $5.05 on the largest DEX Uniswap V3. Meanwhile, AGRS is available in pairs with the stablecoin Ethereum (ETH) and US Dollar Tether (USDT).
The AI coin price started rising at around $0.5 over the last 30 days. The total market cap of the AI cryptocurrency has risen to over $90 million, making it one of the top 25 AI cryptos by market cap, according to CoinMarketCap data. Yesterday, on December 1, 2023, the price of AGRS showed the most impressive rise. Thus, the market value doubled in just eight hours.
Tau attracted the attention of investors with important developments
In recent days, the Tau platform has achieved a number of important technology development and community building milestones. In this regard, on November 20, it released the preliminary alpha of the native parsing tool Tau Parser. Additionally, Tau received a provisional patent titled “A Method and System for Arbitrary Authentication to Anonymous Internet Users,” which is of great importance for future decentralized governance systems and DAOs of various types.
Artificial intelligence coin segment rising
In general, Tau promotes itself as an artificial intelligence-powered software development tool. The project is led by CTO Ohad Asor and CEO Fola Adejumo. It is said to address major bottlenecks associated with AI coding tools from Microsoft and OpenAI. In this context, experts make the following assessment:
ChatGPT has revealed to the world that software development experience can be for everyone. However, this experience is flawed. You still need to be a developer because the code is not always correct or complete. Tau is ChatGPT for software, but it’s the right one.
Meanwhile, the rest of the AI coin projects are also performing well. In the last 24 hours, the segment has outperformed the entire Blockchain market. During this period, the total value of AI cryptos increased by over 1.5%. Besides AGRS, VXV and GNY were among the top performers. However, some of the majors are in the red, including Sidus (SIDUS), Injective (INJ), Oasis (OASIS) and Bittensor (TAO).
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