Artificial intelligence-related cryptocurrencies saw a significant boost over the past day as several new developments related to the AI industry reignited the interest of their investors.
NEAR Protocol NEAR Protocol (NEAR), the largest AI coin by market cap, is up 6% in the last 24 hours and was trading at $5.45 per coin at press time. Internet Computer Internet Computer (ICP), Render (RENDER), Bittensor (TAO) and FET recorded gains of 5.2%, 7.6%, 7.5% and 4%, respectively, over the same period.
Meanwhile, other AI tokens Livepeer (LPT), Virtuals Protocol (VIRTUAL), AI Rig Complex (ARC), and PAAL AI (PAAL) recorded significantly higher gains of 20.7%, 20.5%, 19.5%, respectively. 16.7%. All of these gains in the AI space helped the total market cap of AI coins increase by 25%, reaching $43.5 billion at the time of writing.
The AI sector boomed after President-elect Donald Trump announced White House advisers who will work alongside new AI and crypto czar David Sacks to centralize artificial intelligence policy and provide leadership to the country to strengthen transformative technologies.
The announcement, made in two Truth Social posts on Dec. 23, included the appointment of Sriram Krishnan as senior policy adviser for artificial intelligence, a newly created position in the White House Office of Science and Technology Policy.
Additionally, Michael Kratsios was named director of the OSTP, while Lynne Parker was named executive director of the Presidential Council of Advisors for Science and Technology, two positions that predated the Trump administration. Both Kratsios and Parker previously played key roles in…
