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ChatGPT launch sparks 300% rally for crypto tokens

January 27, 2023

ChatGPT launch sparks 300% rally for crypto tokens
The release of ChatGPT to the public has taken the internet by storm as users of all ages and from all walks of life engaged with the artificial intelligence (A.I.) chatbot for a variety of reasons, including writing essays, solving complex problems and even debugging computer code.

One interesting side effect of the renewed interest in A.I. that ChatCPT has been a rally in artificial intelligence-related crypto projects as investors looked to capitalize on the rising trend by placing bets on the most promising A.I.-related platforms.

Some of the biggest gainers include Fetch.ai (FET) and SingularityNET (AGIX), which have seen their token prices increase 321% and 301%, respectively, since the launch of ChatGPT at the end of November.

Other notable performances include a 179% increase for Ocean Protocol (OCEAN), a 166% increase for Cortex (CTXC), and a 136% gain for Artificial Liquid Intelligence (ALI).

And it wasn’t just the release of ChatGPT that sparked a rally in these tokens as the broader crypto market has been rallying since the end of the first week of January, with Bitcoin (BTC) hitting its highest price in over five months in trading on Wednesday.

“Following Crypto’s tumultuous journey in the previous 12 months, many are searching for a more secure way of trading and investing in Crypto, and that is what A.I. brings to the game, a prompter detection of fraud, risk protection and autonomous trading opportunities,” a spokesperson from Tradingbrowser.com said.

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