- Crypto data coins are rallying on Monday as Bitcoin sustains its uptrend with a rally to $52,488.
- AIT, GRT and OCEAN are crypto data protocol tokens that combine data with Artificial Intelligence or Web3.
- AIT, GRT and OCEAN prices rallied in double digits on Monday.
The launch of text to video generator tool by OpenAI, Sora, and Bitcoin’s rally are two major catalysts that have fueled gains in AIT Protocol (AIT), The Graph (GRT) and Ocean Protocol (OCEAN).
Bitcoin price rallied to its 2024 peak of $52,816 on February 15, the asset is in an uptrend and trading sideways above the $52,000 level on Monday. At the same time, the Artificial Intelligence (AI) narrative has gathered steam and assets that combine AI with crypto and data have observed massive gains with Sora’s release.
Also read: XRP price steadies above $0.56 ahead of deadline in SEC v. Ripple lawsuit
Data and AI tokens see massive spikes in prices
AIT protocol, the token of an AI data infrastructure project that provides AI solutions to Web3 projects, rallied 11.48% on Monday. AIT has yielded nearly 11% gains to holders in the past week.
The project recently burnt 3.1 million tokens according to a February 15 update.
Here’s an update on the current $AIT Lock-Up
— AIT Protocol (@AITProtocol) February 15, 2024
5M Liquidity Tokens locked for 6 Months:https://t.co/lpvKfXQgwt
3.2M in LP
30M Staked Tokens (extra 10M since last update)
3.1M Tokens burnt from buyback & unstaking (extra 2.1M since last update)
Let us #AI… pic.twitter.com/Q3LJrijcYa
GRT token of the Graph, a Web3 protocol for organizing and accessing blockchain data, has yielded 10.82% gains for holders on Monday. The token combines data with Web3, it helps protocols organize and access blockchain data.
The Graph recently shared a detailed update on the progress made by the protocol in Q4 2023 in a recent tweet on X (formerly Twitter).
In the Q4 2023, The Graph ecosystem shipped several critical updates shaping the future of decentralized data, evolving the protocol to serve more data needs and web3 builders in 2024
— The Graph (@graphprotocol) February 16, 2024
Here are some key takeaways from the Q4 2023 Participant Update ⬇️
The Graph Network… pic.twitter.com/jQ7vJaDAOn
OCEAN, the token of the Ocean Protocol, rallied nearly 10% in the past 24 hours. The protocol’s dApp and stack for prediction feeds, the Predictoor hit a billion dollars in annualized volume according to stats from dapp radar. This is likely one of the catalysts for OCEAN’s recent gains.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Is Altcoin Season here as Bitcoin reaches a new all-time high?
Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.
Shanghai court confirms legal recognition of crypto ownership
A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.
BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.