Ethereum-Based AI Token Jumps 35%, What's Behind This Surge?

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Ethereum-Based AI Token Jumps 35%, What's Behind This Surge?
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.CryptoAI_erc charts bullish trend as helped by growing hype around AI technology

35% growth over the past 24 hours. Following the surge, the token is now worth $0.02864, with the impressive growth metrics spreading to its 24-hour trading volume.CryptoAI is benefiting from two major bullish fundamentals at this time, and that includes the hype around artificial intelligence following the popularity of ChatGPT and Bard, as well as renewed interest in Ethereum as a highly functional proof-of-stake protocol.

While these fundamentals are a plus for the CryptoAI project, it is developing its own ecosystem as it looks to be the dominant protocol powering all AI-related content generation. In recounting its achievements since inception, the protocol noted that it has"the first Analyze bot capable of scanning any smart contract and providing a clear, simple analysis of token distribution among holders.

The use of AI in the blockchain ecosystem is still somewhat limited, and while innovators are still figuring out their way in the industry, CryptoAI has made a number of other advances, including giving the"ability for anyone to freely generate AI text-to-video content.

is among these early pioneers with the mission of creating a platform that can allow anybody to easily"create, share, and monetize" AI services, with the help of its globally-accessible AI marketplace.

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