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The Graph GRT coin: While ChatGPT and Google vie for the pole position in the AI chatbot space, AI tokens are dominating the crypto market. Cryptocurrencies linked to the AI domain, The Graph (GRT) and SingularityNET (AGIX) saw some correction in prices after a huge jump over the last week. Meanwhile, there seems to be heavy activity from The Graph’s early investors or the founding team in terms of unlocking assets. In the context of the huge shift in wealth to the AI token category, the big moves lead to speculation for more upside. Also Read: Dormant Bitcoin Wallet Wakes Up After 11yrs And Makes 200,000% Profit The Graph (GRT) Coin Unlock At one stage earlier in the week, GRT token rose by around 200% thanks to the huge interest in AI based tokens. It was around this time that the early investors chose to unlock their holdings in huge volumes. Continuing their spree of GRT transfers at high prices, the project team unlocked 36.8 million $GRT worth $7.35 million and sent around half of it to Coinbase. Following this, around 2.4 million $GRT worth $443,000 were unlocked and sent to a staking service. The Graph unlocked 36.8M $GRT($7.35M) and sent 18M $GRT($3.6M) to #Coinbase 7 hrs ago! And graph.eth has been transferring $GRT to #Coinbase at price highs almost every time since Dec 15, 2022. The price of $GRT increases by ~60% today.https://t.co/yZE9mED26E pic.twitter.com/dhZ49LBRul — Lookonchain (@lookonchain) February 8, 2023 As  of writing, the GRT price stands at $0.179, down 4.34% in the last 24 hours. Meanwhile, the rest of the crypto market did not react much to US Fed Chair Jerome Powell’s comments about the need to rise interest rates in coming months. The Bitcoin (BTC) price deviated in a bare minimum range in the hours after Powell’s speech at The Economic Club of Washington DC. Also Read: SHIB Holders Breaches 1.3 Mln; Emerges As ETH Whales Top Choice The post The Graph (GRT) AI Tokens Unlocked In Big Volumes; What Next? appeared first on CoinGape.
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AI Crypto Tokens: AI tokens is the new buzzword in crypto market. Rapid rise in value for these tokens is reminiscent of the memecoin rally of 2021. While all the buzz is owing to the meteoric rise of ChatGPT and the arrival of AI based in applications, crypto traders need to be cautious when they choose to invest in cryptocurrencies due to the AI factor. Essentially, investors should be vary of the crypto project, in that it is really making use of artificial intelligence in meaningful way. Also Read: Artificial Intelligence-based token SingularityNET (AGIX) Becomes Most-Purchased Tokens By ETH Whales What Are AI Tokens? It is widely believed that cryptocurrencies that rely on AI technology to scale up for various purposes are considered as AI based crypto tokens. However, traders face the danger of tokens masquerading as being AI based, on the back of the hype around these coins. Going forward, a lot could depend on how the AI technology develops to be able to power these crypto projects with lesser human intervention. Hence, much of these AI tokens are still work in progress before delivering in full capacity. Tokens like The Graph (GRT) and SingularityNET (AGIX) have in recent times grew manifold, riding on the buzz behind AI in the crypto market. In fact, the last few weeks saw huge rise in interest for search traffic in terms like “crypto AI”. Bitcoin Market Intact? As with every new category addition of cryptocurrencies, questions are being raised around the market share of Bitcoin (BTC) if the AI token category eats into the altcoin market. However, BTC had long been rising on its strong fundamentals and the concept of its ‘store of value’ application. It is the macroeconomic scenario that continues to influence Bitcoin, as was seen in recent market events surrounding US Fed Chair Jerome Powell’s comments. Also Read: Bitcoin News: Dormant Bitcoin Wallet Wakes Up After 11yrs And Makes 200,000% Profit  The post Hype Vs Reality Of AI Crypto Tokens: How Will Bitcoin (BTC) React In Coming Days? appeared first on CoinGape.
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ChatGPT Vs Google News: Several crypto tokens in the AI domain began to dominate the crypto market in the last few days, after ChatGPT broke into the scene. It is already being speculated that the AI tokens would continue to gain traction in the coming months, as the competition between Google and OpenAI intensifies. Unlike other technological breakthroughs, artificial intelligence based innovations take way less time to improve. In this context, traders are weighing in the potential synergy between cryptocurrencies and AI technology. Also Read: The Sandbox Join Hands With ZeptoLab To Enhance Web3 Experience In the recent times, there has been huge rise in search traffic for the term ‘crypto AI’ since January 2023. This is directly translating into interest in cryptocurrencies working in the AI domain.   AI Crypto Tokens – Huge Potential Google has already announced it would soon launch Google Bard, a chatbot powered by AI. This comes after the meteoric rise in interest in AI chatbots like ChatGPT and hence, Google is working on quickly rolling out its ChatGPT alternative. Such is the rise in interest in AI tokens that cryptocurrencies like The Graph (GRT), a token ranked 40 based on market cap, more than doubled in value compared to a week ago.  Big Data Protocol (BDP), a relatively low market cap cryptocurrency, skyrocketed only in the last one week with a growth of 10 times in value. Also Read: Crypto Price Update: SingularityNET (AGIX) Becomes Most-Purchased Tokens By ETH Whales Other Altcoins To Lose Out? In the context of huge expectations in AI tokens, other altcoins with non- AI use cases could lose out on the incoming interest and liquidity from retail and institutional traders. However, it remains to be seen how long would the interest in AI tokens sustain in the market. Are AI Crypto tokens the memecoins of the next bull run? The post Which Crypto Tokens Will Lose Out Due To Panic Over ChatGPT Vs Google? appeared first on CoinGape.
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Shiba Inu Coin News: SHIB, a meme cryptocurrency created in August 2020, has gained ground tremendously over the past few weeks. This newfound momentum has been triggered by extended hype on the project’s plans to launch Shibarium and other factors. Hence, Eth whales are notably taking advantage of Shiba Inu’s growth during this time. ETH Whales Boost Shiba Inu To Top Holding According to WhaleStats, the 100 largest ETH whales on record now hold a staggering 506,011,531,298 SHIB worth $7,180,303. This puts it ahead of Ethereum (12,463) and even the stablecoins USDT and USDC which make up 6,739,791 and 5,683,886 of the holdings of these whales, respectively. Source – CoinMarketCap SHIB is priced at $0.00001421 at the time of publishing, up 0.93% in the last 24 hours and more than 20% in the past seven days. With a nearly 67% of price surge in the last 30 days, this meme coin has managed to outperform its main rival Dogecoin (DOGE) which was up by 23%. Read more Shiba Inu Coin news here… Shiba Inu Crossed the 1.3 Million Mark! In its recent tweet, Shiba Archives revealed that Shiba Inu (SHIB) has crossed the 1.3 million mark in the total number of holders. With the hype surrounding Shibarium, this canine-themed asset has had 25,813 holders since January 1, 2023. JUST IN: $SHIB has just reached 1.3 million holders amid the release of Shibarium! – Shiba Archives (@ShibaArchives) In search of an attractive investment opportunity, many new investors are moving their attention toward SHIB. According to CoinMarketCap data, the total number of Shiba Inu holders currently sits at a whopping 1,300,815 with 14,645 addresses active in the past 24 hours. Also Read: Shiba Inu Coin Burn Rate Plunges Ahead Of Shibarium Launch Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice. The whole purpose of “Shiba Inu News: Ethereum Whales Boost SHIB To Top Holding” is to educate and provide information about what is trending in the crypto space. Anyone planning to invest in crypto assets should seek his or her own independent financial or professional advice. The post SHIB Holders Breaches 1.3 Mln; Emerges As ETH Whales Top Choice appeared first on CoinGape.
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Crypto News: Since the beginning of 2023, the cryptocurrency market has experienced a considerable resurgence. Many cryptocurrencies have recorded 10x gains, while some have even reached their all-time highs. One of those coins/tokens that has risen to astounding heights in recent times is SingularityNET’s native cryptocurrency “AGIX.” Also Read: Breaking: Crypto Market Rose Up But Fell Soon After U.S. Fed Chair Powell’s Speech AI Based SingularityNET (AGIX) First Choice Of ETH Whales A recent statistic from Whalestat indicates that SingularityNET (AGIX) is now in the top 10 purchased tokens among the 100 biggest ETH whales in the last 24hrs. The growing popularity of AI-based platforms is one of the biggest reasons for AGIX’s recent growth spurt. Source – CoinMarketCap SingularityNET’s price at the time of writing is $0.5771, with a market capitalization of $69.2 million and a 24-hour trading volume up by 5.66%. Now it stands at $423,868,407. At the same time, the circulating supply is approximately 1,199,121,857 AGIX. Read more crypto news here… AI Based Tokens Leading Crypto Bulls Artificial Intelligence-based tokens like AGIX are witnessing bullish price action since the start of the year. This token has nearly soared 883% over the month. SingularityNET’s AGIX went on to hit a seventeen-month high of $0.59 in the early hours on Tuesday before dropping to the current price of $0.57. The move still represents a 226.65% increase in value over the past seven days. With newly announced partnerships and riding on innovations pioneered by top DeFi pioneers like Cardano, SingularityNET is building up its momentum. According to the platform, it is exploring a way to bolster a high-use case for all of its developers using MeTTa, a smart contract development environment. “#SingularityNET is excited to share that the integration of MeTTa into Plutus is already under active development in the context of @Hypercycle_AI, a massively scalable, easily usable, and richly and smoothly interoperable sidechain.” – SingularityNET (@SingularityNET) The post Crypto Price Update: SingularityNET (AGIX) Becomes Most-Purchased Tokens By ETH Whales appeared first on CoinGape.
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We’re only a few weeks into the new year, but bitcoin is keeping up its good vibes and experiencing further boosts to its price. Bitcoin Is Still Booming Live Bitcoin News has already published a few articles detailing the jumps of the world’s number one digital currency by market cap since the beginning of January. The currency rose to $17,000 during the first few weeks, then hiked itself up to about $19,000. As of this writing, bitcoin has crossed the $21K line, and it appears to be holding its ground – at least for now. Many analysts are wondering why the asset is suddenly experiencing such a vast turnaround. Just over a month ago, BTC was trading in the mid-$16,000 range, meaning it’s gained about $5,000 in just over a month. That’s a huge bump. So, why is the currency now edging towards the other end of the financial spectrum when 2022 proved to be such a disaster? Traders and experts alike feel there are several reasons in the mix as to why bitcoin’s aura is suddenly changing. For example, there is a high probability that interest rates – which were consistently hiked throughout 2022 – will either go down this year or at least stabilize. This could bring some of the economic tensions we’ve witnessed in the past 12 months to a standstill, thus paving the way for a potential BTC rally. In addition, there have been several large buys of bitcoin by whales – individuals that hold a large amount of a specific cryptocurrency – over the past few weeks. While everyone is panicking and selling, these money-hungry figures have been gathering up BTC the way farmers do wheat or barley. Lastly, inflation appears to be dying down somewhat, thus giving bitcoin another break. James Butterfill – head of research at digital asset management firm Coin Shares – said in an interview: Bitcoin looks to have recoupled with macro data as investors shrug off the FTX collapse. The most important macro data investors are focusing on is the weak services PMI and the trending down of employment and wage data. This, coupled with downward trends in inflation has led to improving confidence, while it comes at a time when valuations for bitcoin… are close to all-time lows. The prospect of looser monetary policy off the back of weaker macro data and low valuations is what has led this rally. Inflation Is Easing Vijay Ayyar – vice president of corporate development at crypto exchange Luno – also threw his two cents into the mix, commenting: We are seeing the dollar put in a top, inflation easing, interest rate hikes slowing down, all pointing to markets getting more risk-on over the next few months… There are signs this could be the beginning of a new cycle with bitcoin, as it typically does around 15-18 months before halving. The post Bitcoin Experiences Another Surge, Now at $21K appeared first on Live Bitcoin News.
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XRP NEWS: The global digital asset market is witnessing a shiftless transition into the last phase of the bear market. Ripple’s native crypto, XRP is also one of those top cryptos which have stuck around a certain price level due to decreasing investors’ sentiments. However, crypto whales are still making their moves despite low price activity. Can Whales Drive XRP Price Surge? As per the data provided by WhaleAlert, more than 440 million XRP (approx worth $177 million) have been moved by several crypto whales in multiple transactions over the past 24 hours. The single largest transaction recorded by the whale has been of moving 252 million XRP (approx worth $100 million) to an unknown wallet. However, the tracker also reported a major transaction of whales moving 125 million XRP (approx worth 50 million) to an unknown wallet. Read More XRP News Here… As we dig in, a whale address can be seen accumulating 32 million XRP in a single transaction. The whale scooped $13.1 worth of XRP from the Bitso crypto exchange. Meanwhile, another whale went on to dump 35 million XRP over the past 24 hours. The crypto whale moved $14 million worth of XRP to the Bitstamp crypto exchange. The post XRP Price Surge Ahead? Whales Caught Moving 440 Million XRP appeared first on CoinGape.
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