Artificial intelligence-related cryptocurrencies experienced a significant rally after new developments in the AI industry sparked investor interest. The largest AI coin by market cap, NEAR Protocol (NEAR), rose 6% in the last 24 hours, with other AI tokens such as Internet Computer (ICP), Render (RENDER), Bittensor (TAO), and FET also seeing gains. The surge in the AI sector was fueled by President-elect Donald Trump's appointment of AI experts to key positions in the White House, as well as a major funding announcement from AI startup xAI. These positive developments have strengthened investor confidence in the future of the AI industry.
- Content Editor ( crypto.news )
- 2024-12-24
AI crypto market cap up over 25% amid major developments in the sector