AI tokens experience a resurgence after OpenAI.
AI and big data crypto tokens are experiencing a resurgence following the departure of former OpenAI CEO Sam Altman, which had previously impacted their combined market value.
During this recovery campaign, Worldcoin (WLD), the native token of OpenAI’s Worldcoin project, has shown impressive gains, rising by 5.55% in the past 24 hours. Recently, WLD reached a four-month high of $2.54 due to its recent upward trend.
Despite facing strong resistance at the $2.54 high, WLD has managed to maintain its upward trajectory, with a significant 29% increase over the past week. This resurgence occurred shortly after a discouraging slump to $1.85 on November 18, a day after Altman’s departure was confirmed.
Before the incident, WLD had been holding steady above the $2 price. Alongside WLD, the entire AI and big data crypto market experienced a decline in response to the news. However, assets like Render (RNDR) bucked the overall trend.
The decline in WLD’s value and the broader AI crypto market valuation was short-lived. Despite reports that Altman would not be reinstated as CEO, WLD remains above the $2 range and is currently trading at $2.44 with a 74% increase in trade volume.
Furthermore, the entire AI market is witnessing an impressive recovery and increased interest. Data indicates that the volume for these assets has surged by 20.66%, surpassing $1 billion.
Moreover, the combined market value of these tokens now exceeds $8 billion, with a 5.55% increase in the past 24 hours. Interestingly, among the top ten AI tokens, only RNDR has declined in the past 24 hours, as it faces exhaustion from its recent surge.
Fetch.ai (FET), a project that leverages AI for everyday task automation, is leading the charge among the top AI tokens, with a 21.9% increase in the last 24 hours. Meanwhile, SingularityNET (AGIX) and Akash Network (AKT) have surged by 15.91% and 14.68%, respectively, in the same timeframe.
Read more: Worldcoin price rebounds as backers of Microsoft and OpenAI push for Sam Altman’s return. Follow Us on Google News.
