CoinMarketCap's data shows that the top three AI tokens with the highest market capitalization are The Graph [GRT], SingularityNET [AGIX], and Fetch.ai [FET].
Although these cryptocurrency assets experienced substantial growth during the past week, on-chain analysis revealed that their prices respective prices peaked on 8 February and have since declined. The decline in price was attributable to the corresponding drop in new demand for these assets. Due to a lack of sufficient liquidity to boost prices, it is likely that the prices of these assets will continue to decline.
One of our favorite metrics to keep an eye on as we analyze market health is active addresses vs. active deposits. When address activity is high and deposits are staying low, this is a good sign that prices can naturally grow.
As you would imagine, the numbers aren't just all in the ratio between these two metrics. We also want to see address activity in general moving up, even if that means deposits are moving up along with it. Here's a look at 3 great, as well as 3 not so great, candidates:
The Graph ($GRT)
- Elon, Musk, Doge - https://www.entrepreneur.com/article/362047
- Tesla - https://www.bloomberg.com/news/articles/2020-12-20/musk-inquires-about-moving-large-transactions-to-bitcoin
- Stimulus - https://www.msn.com/en-us/money/news/congress-reaches-deal-on-new-stimulus-bill-dollar600-checks-dollar300-unemployment-money-more/ar-BB178ICQ?li=BBnb7Kz