The prices of tokens related to artificial intelligence projects have increased by an average of almost 260% since the beginning of this year. The main reason for this was an increase in interest in companies working on the development of neural networks, according to CoinGecko analysts.

After the release of the Sora model from OpenAI in February, the average prices for artificial intelligence tokens increased by 150%. An additional factor was the growth of Nvidia's stock price.

According to CoinGecko, among the tokens with the largest market capitalization at the moment, the largest is Bittensor (TAO), with a capitalization of $4.4 billion. In second place is Render (RNDR) with a market value of about $2.7 billion, and the third place is occupied by the project token Fetch.ai (FET) with a capitalization of about $1.9 billion.

Bittensor's TAO, a machine learning protocol with a decentralized structure, maintained its status as the largest artificial intelligence token in January and February 2024.

Although the top five tokens have remained unchanged, there have been noticeable changes outside of it. For example, Autonolas (OLAS), which started the year in sixth place, dropped to ninth by February 29. While Nosana (NOS) rose from ninth to seventh place, increasing its market capitalization tenfold from $0.05 billion to $0.50 billion.

The most significant growth among artificial intelligence tokens in 2024 was demonstrated by Nosana, whose price increased by almost 1000% — from $0.56 to $6.01. It is followed by DeepFakeAI (FAKEAI), whose price increased from $0.0008 to $0.0069, and then Synesis One (SNS) with an increase of 595% — from $0.016 at the beginning of the year to $0.108 by the end of February.

In general, for the period from January 1 to February 29, the average price increase for artificial intelligence tokens was 257%.

Recall that in February, Nvidia announced its financial results for the fourth quarter, exceeding profit expectations, which stimulated an increase in prices for artificial intelligence tokens.