Despite Bitcoin and Ethereum trading sideways on February 22nd, price gains across a wide range of cryptocurrencies continued.
At least five crypto tokens rose more than 20% in 24 hours, with the digital asset's market capitalization hovering below $2.1 trillion, according to CoinMarketCap. CoinGecko also noted that the total valuation of cryptocurrencies increased by 2% despite the two major tokens suffering slight losses, allowing investors to capitalize among altcoins for profit. This suggests that they are being rotated.
Top crypto gainers on February 22nd
Blockchain AI Marketplace Token SingularityNET (AGIX) led all gainers with a 39% rise in market value. Amid the sector's bullish momentum, the token has trended upward alongside other AI coins. AI Coin soared 40% in one week, pushing its market cap to over $17 billion.
AGIX was followed by WLD, the native token of Sam Altman’s EyeScan ID project Worldcoin. WLD rose 36% to more than $8, setting a new all-time high (ATH) since Altman's OpenAI released Sora, a text-to-video conversion program. Reports hinting at a major WorldCoin announcement may also have fueled WLD momentum.
Another AI token also posted double-digit gains due to growing interest in the fusion of blockchain technology and artificial intelligence. Fetch.ai (FET) has soared 23% in the past day and hit a new ATH. This protocol democratizes access to machine learning networks and global datasets through a crypto-economy.
Crypto index protocol The Graph (GRT) also followed the spot with a 23% price increase. Graph runs on Ethereum and allows users to query data and expose open APIs called subgraphs. Over 3,000 subgraphs have been released so far.
RenderToken (RNDR), the native crypto for decentralized GPU network rendering, has surged 22% and is only 12% away from the 2021 ATH. Render's platform facilitates GPU computing leasing venues. Miners who want to rent additional GPU resources can connect with studios and creators through Render.
