Cryptocurrency markets are buzzing with new energy as the recent surge in Bitcoin (BTC) continues to fuel gains across a variety of tokens. Amid this rally, artificial intelligence (AI) projects are taking the spotlight, showing off incredible developer activity that could shape the future of these digital assets.
AI tokens lead the way
According to on-chain analysts at Santiment, several AI projects emerged as leaders in development activity throughout February. However, high development involvement often leads to increased usability, faster adoption, and ultimately significant price increases.
Meanwhile, Ocean Protocol (OCEAN), Oraichain (ORAI), The Graph Protocol (GRT), Bittensor (TAO), Fetch.AI (FET), Cortex (CTXC), PlatON (LAT), Numerai (NMR), Vaiot ( VAI ) is one of the AI projects that stands out with the highest development activity during this period.
Ocean Protocol’s vision for 2024
Ocean Protocol recently unveiled an ambitious roadmap for 2024 focused on developing an AI-based prediction bot called Predictoor. This strategic move positions OCEAN as a leader in leveraging AI for innovative solutions.
Graph Staking Milestones
Graph Protocol (GRT) shared a notable update, revealing that a significant 2.94 billion GRT tokens were staked as of February 26th. The project also demonstrates its commitment to community engagement by organizing immersive workshops at upcoming ETH Denver events.
Bittensor’s rise to fame
While Render (RNDR) previously took the lead in the AI narrative, Bittensor (TAO) has emerged as a strong player, securing its position through strategic partnerships and consistent development efforts in line with the evolving artificial intelligence landscape.
With Bitcoin’s profits soaring to $64,000, the market is expecting money to circulate in projects that prove their relevance and usefulness. As the industry continues to evolve, AI projects are moving forward, ushering in a new era of smart ideas and growth based on usability.