Multiple crypto tokens see north of 20% gains amid liquidity rotation
A broad range of cryptocurrencies continued price rallies even as Bitcoin and Ethereum traded flat on Feb. 22.
Per CoinMarketCap, at least five crypto tokens gained over 20% in 24 hours, with the total digital asset market capitalization hovering below $2.1 trillion. CoinGecko also noted a 2% increase in crypto’s total valuation despite slight losses for its two leading tokens, suggesting that investors are rotating capital across altcoins to catch gains.
Top crypto gainers on Feb. 22
Blockchain AI marketplace token SingularityNET (AGIX) led all gainers behind a 39% jump in market price. The token was on the uptrend alongside other AI coins amidst bullish momentum in this sector. AI coins have boomed by 40% in a week and have a market cap above $17 billion.
AGIX was followed by WLD, the native token of Sam Altman’s eye-scanning ID project Worldcoin. WLD rose 36% to over $8, making new consecutive all-time highs (ATH) since Altman’s OpenAI released Sora, a text-to-video program. Reports suggesting major Worldcoin announcements may also have fueled WLD’s pump.
Another AI token posted double-digit gains following buoyed interest in the merger between blockchain technology and artificial intelligence. Fetch.ai (FET) surged 23% in the past day, achieving a new ATH. The protocol democratizes access to machine learning networks and global data sets via a crypto economy.
Crypto indexing protocol The Graph (GRT) followed in kind with a 23% price increase. The Graph runs atop Ethereum, allowing users to query data and publish open APIs called subgraphs. Over 3,000 subgraphs have been launched so far.
RenderToken (RNDR), the native crypto for distributed GPU network Render, leaped 22% and now sits only 12% away from its 2021 ATH. Render’s platform facilitates a leasing venue for GPU computing. Mining operations willing to rent their extra GPU resources can connect with studios and creators via Render.
