Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Artificial Intelligence Tops Crypto Narratives in 2023 as AI Tokens Explode

Artificial Intelligence Tops Crypto Narratives in 2023 as AI Tokens Explode

BeInCryptoBeInCrypto2023/12/28 08:58
By:By Martin Young

Artificial intelligence was the leading crypto narrative for the year, according to recent research from industry metrics outlet CoinGecko. Moreover, Web3 gaming was also a popular narrative for 2023. 

Artificial intelligence (AI) was by far the most popular crypto narrative in 2023. It accounted for 11.3% of total crypto narratives interest, according to a December 28 report. 

Artificial Intelligence Interest Peaks

The launch of artificial intelligence chatbots such as ChatGPT in November 2022 has spurred interest, which has surged in 2023. 

“This interest has spilled over into the crypto space, bringing attention to AI-related cryptocurrencies.”

Artificial Intelligence Tops Crypto Narratives in 2023 as AI Tokens Explode image 0 2023 crypto narratives. Source: coingecko.com 

CoinGecko noted that Akash Network (AKT) gained the most among AI tokens, surging 1,247% from January to its 2023 peak of $2.56 on December 22.

Moreover, the biggest AI token by market cap, Render (RNDR), was not far behind with a price climb of 12 times this year.

Other top-performing artificial intelligence tokens include Bittensor (TAO) surging 276% in 2023. Fetch.ai (FET) has also done well, pumping 660% this year, while SingularityNET (AGIX) made 625%.

The growth of AI tokens reflects the momentum AI technologies have gained in 2022 and 2023 and the excitement around their potential applications in crypto.

As advancements in AI continue, this narrative is likely to remain popular in the crypto space going into 2024, it noted. This will drive further interest and development of AI-focused cryptocurrencies and applications.

Additionally, GameFi followed close behind AI as the second most popular crypto narrative, accounting for 10.5% of interest in 2023.

It reported that the GameFi token with the biggest gain since January 2023 is ImmutableX ( IMX ). Its price surged up to 7 times at its yearly high. Furthermore, the blockchain powering Axie Infinity, Ronin, comes close with price returns of up to 6 times its January 1 price.

Meme coins ranked as the third most popular crypto narrative in 2023, accounting for 8.3% of crypto narratives interest, reported CoinGecko. 

Industry analyst Rowan Cheung commented ,

“If the NYT wins, it could cause tech giants to strike content deals and slow AI — a major blow to the future of ChatGPT .”

LG recently announced a new AI-powered robot assistant referred to as the ‘smart home AI agent.’

The device has autonomous mobility to help manage smart homes. Additionally, it can recognize humans, pets, and house objects and gather data like temperature and air quality.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our  Terms and Conditions ,  Privacy Policy , and  Disclaimers  have been updated.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!