A recent surge in the prices of decentralized oracle provider Chainlink (LINK) rival Pyth Network (PYTH) and AI-focused altcoins Kaito (KAITO) and Bittensor (TAO) has caught the attention of the crypto community. These projects experienced significant price increases shortly after being listed on Coinbase, one of the top US-based crypto exchange platforms.
KAITO, an “InfoAI” protocol designed to address the issue of fragmentation in the digital assets industry, saw a remarkable 99.89% price increase within just 24 hours of its listing on Coinbase. Currently trading at $1.92, KAITO’s value nearly doubled in a short span of time.
Bittensor, a decentralized machine-learning network that enables users to create and exchange AI learning models, also witnessed a notable price surge after gaining support from Coinbase. TAO, the native digital asset of Bittensor, initially jumped from $445 to $484, marking an 8.7% increase. However, the price has since stabilized at $453.
Similarly, Pyth Network, an oracle provider, experienced a price hike following its listing on Coinbase. On February 20th, PYTH soared from $0.235 to $0.263, reflecting a 12% increase. Although the price has retraced slightly, PYTH is currently trading at $0.243.
These developments highlight the growing interest in decentralized oracle solutions and AI-focused projects within the crypto space. Investors are closely monitoring these altcoins for their potential to disrupt the industry and deliver innovative solutions.
To stay updated on the latest market movements and cryptocurrency news, consider subscribing to receive email alerts directly to your inbox. You can also follow us on Twitter, Facebook, and Telegram for real-time updates and insights.
As the crypto market continues to evolve, projects like KAITO, TAO, and PYTH are demonstrating their potential to drive significant value and innovation. Keep an eye on these emerging technologies as they shape the future of decentralized finance and artificial intelligence.
Featured Image: Shutterstock/ValDan22/Nikelser Kate