As the price of Bitcoin has recently surged to US$37,000, major sectors in the cryptocurrency market have also begun to rotate, and many hot spots are blooming. In addition to the inscription tracks on various public chains, the meme coins on the Solana chain, and the Silence Not only that, the mining tokens that have been around for a long time, but also AI and Metaverse concept coins are also experiencing strong growth.
AI concept currency TAO soared 88% in the past 7 days
It is understood that TAO is a cryptocurrency of the open source P2P protocol Bittensor. It is mainly used to reward miners who provide machine learning services. It also encourages users to mortgage the cryptocurrency to obtain better network services.
Bittensor, on the other hand, is an innovative open source protocol for building smarter machine learning models. It uses a technique called "dispersed expert mixing," which means it combines multiple models that specialize in different problems to form a more accurate comprehensive model. In addition to this, it also serves as a medium of exchange, allowing users to exchange services and resources on the Bittensor network.
On Thursday (16th) last week, the Bittensor project community issued an announcement announcing that the well-known cryptocurrency venture capital companies Pantera and Collab Currency have become holders of TAO tokens and will provide more for the development of the project’s ecosystem. Support, as soon as the news came out, no threshold communication skirt +v: 1816425885 surged 88.7% in a week, rising from around US$143 to US$278, and the market value jumped to 42nd.
Metaverse concept currency RNDR has risen 46% in the past 7 days
The image computing project Render Network is a decentralized GPU rendering solution provider based on the blockchain under OTOY. It aims to connect more creators with idle GPUs, so that rendering is no longer limited to hardware conditions and only costs a lot of money. Reduce time and cost, and provide digital copyright management for creators to further promote the development of the Metaverse.
OTOY was founded in 2008, and RNDR held a public token sale in October 2017. The Render Network network has been fully launched in April 2020, and has currently reached two-way cooperation with major companies such as Apple, Microsoft Azure, Google, Disney, and Unity. In addition, RNDR received US$30 million in financing led by Multicoin at the end of 2021.
According to Coingecko data, RNDR currently has a total circulation of 370 million pieces and a total supply of 530 million pieces. It has increased by 45.7% in the past week and has increased by 634% so far this year. The price has dropped to US$3.46 per piece, and the total market value has reached 1.29 billion. Dollar.
