AI Token Surges 47%, Pipping Bitcoin, Ethereum Gains As Analyst Points To Keyword Stuffing Behind Pump
By Benzinga
Indexing protocol The Graph’s GRT token (CRYPTO: GRT) is up over 47%, outperforming Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) gains.
What Happened: GRT token surpassed a $1 billion market capitalization on Sunday, according to data from CoinMarketCap.
At the time of writing, GRT was trading at $0.2066. AI token SingularityNET (CRYPTO: AGIX) was up 14.55%, while Fetch.AI rose 14.09% in the last 24 hours.
The rally came after Alphabet Inc.’s Google (NASDAQ:GOOGL) reportedly said it invested nearly $400 million in artificial intelligence startup Anthropic AI, which is testing a rival to OpenAI’s ChatGPT.
See More: Top Indian Apps That Give Bitcoin, NFT Rewards
Crypto analyst ‘Smart Contracter’ cautioned his 220,200 followers that at this stage, many projects are slipping the word AI into their website and receiving a 100% pump.
at this stage every project slip the word AI into their website in some word salad sentence that makes no sense to get a 100% pump
— Bluntz (@SmartContracter) February 7, 2023
Price Action: BTC was trading at $23,277 up 1.70%. ETH at $1,679 up 3% in the last 24 hours, according to Benzinga Pro.
