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Fetch.ai ($FET)has become a listed token on Proof of Reserves (PoR) for several exchanges, including Binance, Huobi and Bitfinex, according to Glassnode data.
Artificial Intelligence (AI) token popularity surged over the last three months — leading to significant increases in AI token price and active addresses, according to CryptoSlate data.
Fetch.ai
$FET is a decentralized digital representation of the world in which autonomous software agents perform useful economic work. This involves delivering data or providing services, which are then rewarded with $FET for their efforts.
$FET posted a 1.24% increase in price over the last 24 hours, but real growth can be observed over the last seven days — where $FET price pumped 80.89%.
$FET popularity — amongst other AI coins — saw the transfer volume (USD) of $FET break out as it approached $20 million.
Binance $FET Proof of Reserves
Huobi $FET Proof of Reserves
Bitfinex $FET Proof of Reserves
Ocean Protocol
The AI-infused>Ocean Protocol (OCEAN) saw the number of active addresses spike three times since November 2022, according to Glassnode data.
OCEAN outflows exceeded $2.5 million in withdrawals over a 30-day period — beginning in mid-November 2022 and ramping up into mid-December 2022 — according to Glassnode data.
OCEAN price fell 4.67% over the last 24 hours to $0.217 from $0.209 but remains up 23.41% over the last seven days.
OCEAN saw significant gains in active addresses and price in the month leading up to 2023 but is — as of press time — now dethroned as the highest AI token market cap by $FET.
AI revolution
The AI cryptocurrency sector posted steady but significant gains through December 2022, setting the foundations for 2023.
With the introduction of the AI-powered selfie editor Lensa and the prototype chatbot ChatGPT, AI quickly became a viral sensation across social media — tested by over one million users in early December 2022.
Witnessing faster uptake than Netflix, Meta, and Instagram, ChatGPT began as a fun conversation simulator but quickly evolved.
Capabilities for coding, debugging, health advice, marketing, assistant task, and more were demonstrated — stimulating both AI tokens growth and general public interest in the AI sector.