Core Concepts
The author argues that the recent surge in AI-based tokens GRT, NEAR, and AGIX is directly linked to the launch of OpenAI's Sora platform, showcasing the growing interest and potential in the AI sector.
Abstract
Amid the launch of OpenAI's Sora platform, AI-based tokens like GRT, NEAR, and AGIX experienced significant price surges. The bullish sentiment in the broader crypto market, fueled by expectations of an Ethereum ETF and Bitcoin halving, further contributed to this trend. The surge in token prices was supported by derivatives data showing increased open interest and volumes across the board. Despite some fluctuations in volume for AGIX, overall market sentiment remains positive towards these AI tokens.
Stats
The Graph (GRT) token saw a 24.19% price increase in 24 hours.
NEAR Protocol's token NEAR jumped by 4.75% over the same period.
SingularityNET (AGIX) experienced a 25% surge in price within 24 hours.