Bitcoin (BTC) has started 2024 on a positive note, reaching highs of $45,925 with nearly a 7% increase in the last 24 hours. However, it’s not the only performer, as certain artificial intelligence (AI)-related tokens are outperforming the broader market. Two notable examples are Render (RNDR) and The Graph (GRT).
RNDR Token: The crypto token for Render Network, RNDR, has surged by about 9% in the previous 24 hours, hitting $5.08 in today’s trading session. It currently holds a market valuation of $1.83 billion, ranking 50th in cryptocurrency market capitalization.
GRT Token: The Graph (GRT) token, powering The Graph Network, a decentralized protocol for querying and indexing data from various blockchains, including Ethereum, Solana, and Polkadot, has risen by 12% in the last 24 hours, reaching highs of $0.225 on Jan. 2, 2024.
At the time of writing, GRT and RNDR tokens were trading at $0.213 and $4.895, respectively.
Artificial intelligence emerged as the most popular crypto narrative in 2023, accounting for 11.3% of crypto narrative interest. The debut of ChatGPT in November 2022 contributed to the rising interest in AI, extending into the cryptocurrency world and drawing attention to AI-related coins. Akash Network (AKT) and RNDR were among the AI tokens that saw significant price increases in 2023.