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AI Tokens Led by FET, AGIX Surge as Nvidia Zooms to Become World’s Most Valuable Company
The AI-linked token sector has risen 15% in the past 24 hours, data shows, outperforming other sectors.
Updated Jun 20, 2024, 6:55 p.m. Published Jun 20, 2024, 9:07 a.m.
- AI-themed tokens surged up to 35% in the past 24 hours, significantly outperforming the broader crypto market, which remained largely flat.
- The growth in AI token prices mirrored a rise in Nvidia's stock, which became the most valuable company globally, highlighting the market's increasing interest in AI-related technologies.
Tokens of projects said to be using artificial intelligence (AI) technology surged as much as 35% in the past 24 hours, leading gains as a sector amid a little-changed broader crypto market.
Fetch.ai’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN led growth in the AI token sector, CoinGecko data shows, while the sector added 15% on average. Tokens above a $100 million capitalization added a minimum of 4% – beating a 0.22% rise in the broad-based CoinDesk 20 (CD20) index.
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Such growth mirrored a surge in chipmaker Nvidia’s (NVIDIA) stocks, whose 5% surge since Monday made it the most valuable company in the world, surpassing Microsoft. Nvidia is not directly related to any crypto companies, but growth in its stock prices tends to move AI-related tokens.
AI broadly refers to the simulation of human intelligence in machines programmed to think and act like humans. Since early 2023, traders have predicted the sector to lead gains in the next crypto market, and the hopes have been accurate so far.
"AI as a sector is hot in both traditional markets and crypto,” Edward Wilson, analyst at Nansen.ai told CoinDesk in a Telegram message Thursday. “It should come as no surprise that on the back of Nvidia becoming the world's most valuable company AI tokens are rallying.”
“Tokens such as NEAR and RNDR are up around 300% in the past year, compared to ETH at just over 100% during the same time period, showing high market interest in this sector,” he added.
Concerns about the true usage of complex AI technology in blockchain projects remain among some researchers, however.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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