"Whoever has never seen these 3 crypto projects can take a look first."
The rise seen in the price of Bitcoin (BTC) has fueled the narrative of artificial intelligence (AI), layer-2 chains and memecoins, therefore the increased development activity in AI tokens may be the catalyst that can drive the crypto gains that will be mentioned below.
Santiment analysts consider development activity to be a key metric for project growth among crypto market participants, where projects with high development activity tend to have higher utility and drive usage and price.
Please be informed that the AI projects with the highest development activity in February 2024 are Ocean Protocol (OCEAN), Oraichain (ORAI), The Graph Protocol (GRT), Bittensor (TAO), Fetch.AI (FET), Cortex (CTXC). ), PlatON (LAT), Numerai (NMR) and Vaiot (VAI).
Recently, OCEAN has launched its roadmap for 2024 and earlier last Thursday, OCEAN also outlined its plans to focus on an AI-powered prediction bot called Predictoor.
GRT sharing an update with its community members has dropped the details of the amount of staked GRT tokens, so it should be noted that 2.94 billion GRT were found to be staked on February 26, 2024 and the project is preparing for a workshop at the ETH Denver event.
Although Render (RNDR) is considered the main token in the AI narrative, TAO has taken over that position with its partnership and development which is in line with the increasingly hyped AI narrative.
Profits from BTC's rise to $64,000 are likely to turn into projects that have relevance and utility for crypto market participants plus the AI token is building a strong use case following its focus on prediction markets, data security and privacy.
