Although the excitement around AI cryptocurrency is still very much there, most so-called “AI coins” are only capitalising on the exaggerated hype. Nonetheless, several of them support initiatives that use AI components to try and expedite tech development.
AI crypto Tau (AGRS) logs new all-time high: It rallied by 20x in 30 days
Today, December 2, 2023, the price of Tau (AGRS), a well-known artificial intelligence project, broke previous records. The price of AGRS cryptocurrency increased above $5.05 on Uniswap V3, the biggest DEX. Pairs of AGRS with Ethereum (ETH) and the US dollar stablecoin Tether (USDT) are available.
Its price increased from about $0.5 to $1 in the past 30 days. According to CoinMarketCap statistics, the total market capitalization of the AI cryptocurrency increased by over $90 million, placing it in the top 25 AI cryptocurrencies by market cap.
The price of AGRS saw the most remarkable jump yesterday, Dec. 1, 2023: its capitalization quadrupled in just eight hours.
The Tau platform has recently reached many significant milestones in community development and technology advancement. It made available a pre-alpha of Tau Parser, its native parsing tool, on November 20.
https://x.com/TauLogicAI/status/1726584263380795690?s=20
Furthermore, Tau obtained a provisional patent for “A Method and System for Arbitrary Attestation to Anonymous Internet Users,” which is crucial for DAOs of all kinds and future decentralised governance systems.
AI cryptos segment surges, targets $15 billion cap
Tau generally positions itself as an AI-powered tool for software development. Microsoft and OpenAI claim that it is resolving the primary obstacles related to AI code creation tools:
The world was made aware via ChatGPT that anybody may have expertise with software development. That experience isn’t perfect, though. Even yet, you remain a developer because code isn’t always precise or comprehensive. Tau is software-only ChatGPT, but accurate.
CEO Fola Adejumo and CTO Ohad Asor are in charge of the project.
The other AI coins are doing well in the meantime as well. The category beat the blockchain market as a whole in the last day: the total value of AI cryptocurrencies increased by more than 1.5%.
Other than AGRS, the top achievers include VXV and GNY. On the other hand, other majors are in the red, such as Sidus (SIDUS), Injective (INJ), Oasis (OASIS), and Bittensor (TAO).
