Benzinga - Artificial Intelligence, or AI tokens, have grown in popularity.
SingularityNET (CRYPTO: AGIX), Anchor Neural World (CRYPTO: ANW), and GNY (CRYPTO: GNY) are three of the most successful tokens on the market, and they are all AI-based.
While Bitcoin (CRYPTO: BTC) has increased 5% over the past month, and Ethereum (CRYPTO: ETH) has been up around 1%, AGIX has exploded by 117%; ANW by 847%; and GNY by 322%.
It's evident that the emergence of AI over the past year has led to a spike in token interest in AI tokens.
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AI will not only dominate search engines such as Google (NASDAQ: GOOGL), but can also be used to combat climate change, and possibly replace employers.
Some investors believe that AI will be the driving force behind the next bull market due to its nearly endless potential.
Healthcare experts have been discussing the potential for AI to enhance patient diagnosis and treatment by analyzing medical data to identify trends for years.
AI may be used to forecast and execute lucrative transactions quicker than human investors in the financial industry.
In September, the general public acquired access to a more potent version of DALL-E 2, an artificial intelligence picture generator.
Other AI-powered picture generators had already acquired popularity at that time, with users hoping to save money on graphic design or just to have eye-catching social media avatars.
Popular generators include Starry AI, Midjourney, BigSleep, and Pixray.
With the debut of ChatGPT in November, interest in AI surged.
The language generation model uses "deep learning" approaches to create text based on a prompt.
This may include composing a screenplay or novel, arranging text, or generating a grocery list based on a list of meals planned for the following week.
According to Google Trends, interest in ChatGPT has only increased since its introduction.
Yet, large and unexpected market rises are accompanied by a greater risk of volatility.
For example, at the time of writing, GNY was down 25%, AGIX had declined by almost 3% in the last 24 hours, and ANW was up by 4%.
Meanwhile, Bitcoin began the year around $16,500 and smashed the $25,000 ceiling just last week for a high of $24,345 on Feb. 16. Ether just remained short of the $1,750 mark, for a high of $1,752 on Feb. 16.
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