Artificial intelligence is becoming an increasingly popular theme in the crypto market, with tokens like Bittensor (TAO) showing impressive growth.
Grayscale Fund boosts TAO price
The recent rise in TAO price can be largely attributed to Grayscale’s Decentralized AI Fund, which has increased its allocation of Bittensor to 29.5%. This portfolio adjustment has added momentum to TAO's price rally.
AI tokens see price surge
TAO is not the only AI-themed token experiencing gains. Cryptocurrencies like Near Protocol (NEAR), Internet Computer (ICP), and The Graph (GRT) have also seen significant price increases.
Investors turn bullish on AI and crypto
The promising real-world applications of AI are driving investor interest, reflected in the rising value of AI-related tokens. Even amid recent downturns, cryptocurrencies are regaining attention.
Recent trends in AI and crypto continue to capture investor interest. However, buyers should conduct their own research before making investment decisions.