AI tokens seem to be the leading narrative of Q2 in 2024, while investor confidence rises again after an April slump. All the leading AI tokens have seen a price increase in the past 24 hours, signaling interest in AI tokens as meme coin mania dies down.
Two clear forerunners are AIOZ Network and Arweave, which are up 11% and 6%, respectively, over the past 24 hours. Meanwhile, a new AI-powered project, eTukTuk, has raised over $3 million with a focus on bringing sustainability to the transportation sector, starting in developing nations.
AIOZ Network Market Cap Edges Closer to $1 Billion
AIOZ Network (AIOZ) has seen a considerable uptick in price this week, with a 34% spike. AIOZ Network is a decentralized infrastructure solution for web3 storage, AI computation, and media streaming.
Earlier this year, AIOZ unveiled their AIOZ W3AI vision detailing how their Web3 infrastructure works which saw a huge jump in the value of AIOZ. As AI hype builds this quarter, investors are flocking in even more.
The token has recently been listed on major exchanges, including the Korean exchange Bithumb, helping bolster its price even further. Many investors are pointing to the project’s innovation and proactive development team as signs of the potential for serious growth this bull run.
Arweave Up 5% Overnight As Investor Hype Builds
Arweave has recently seen a surge in investor interest, with many becoming increasingly bullish on its prospects. Arweave is a decentralized storage platform that allows users to pay a one-time fee to store data indefinitely on the blockchain.
Arweave made significant gains as the bull run really kicked off this year. It saw a 180% price appreciation after the reveal of Arweave’s ao testnet, which could pave the way for the use of LLMs (Large Language Models) and AI within smart contracts. The token price dipped slightly as the market showed signs of slowing in April. However, in the past month, the token has started to appreciate again, rising 20%.
Over the past 24 hours, the price jumped 6% as investors are becoming increasingly bullish on the DePIN token. This positive price action signals growing market demand and suggests that investors are optimistic about Arweave’s future growth potential.
eTukTuk Presale Shows the Appetite for AI Projects with True Utility
A new token has been attracting attention across multiple markets. eTukTuk has launched a presale that’s attracted attention from investors interested in AI as well as those concerned about sustainability and passionate about the EV industry.
eTukTuk is an innovative sustainable transport solution leveraging AI and blockchain technology to revolutionize transportation, starting in developing nations and expanding globally. The project utilizes the $TUK token to power AI-driven optimizations, reducing traffic congestion and fuel consumption for eco-friendly transport.
Additionally, the project’s AI integration enables predictive maintenance, ensuring prolonged vehicle life and minimizing wastage, further contributing to its eco-friendly mission. Already, the project has raised over $3 million, showing a strong appetite in the market for utility-driven projects like this. The token is currently priced at $0.031, but this is set to increase in just a few days.
