- GT Protocol’s GTAI broke $1 in October.
- GTAI is up 130%, outperforming all BNB AI tokens.
- AI continues to be among the top narratives in crypto.
Since the launch of OpenAI’s ChatGPT, the intersection between crypto and AI has captured investor attention. For one, investors are looking at several key synergies between these two technologies. At the same time, AI tokens have become one of the most hyped-up segments of the crypto market.
Most recently, GT Protocol’s GTAI saw impressive performance. The project notably emphasizes the synergies between AI and crypto, particularly in making Web3 more accessible through an easy-to-use AI interface.
GTAI Becomes Top Performer Among AI BNB Tokens
GT Protocol’s native token took advantage of the recent crypto rally to become BNB Chain’s top gainer. On Monday, October 7, GTAI registered a 130% growth over the prior 30 days. In that period, the token went from $0.368 to its current level of $0.815 at the time of writing. According to GT Protocol, this makes it one of the top-performing AI tokens on the BNB chain in that period and the top gainer on the BNB Chain all around.
What is more, there are signs that this rally might continue in the near future. According to CoinMarketCap, 91% of the community currently expresses a bullish sentiment. While these types of votes are vulnerable to bots, GTAI is still seeing better sentiment compared to most other major currencies.
Last month’s impressive performance came after a significant rally in the past few weeks. Notably, on Sunday, September 28, GTAI broke $1 for the first time since June. Its performance was likely due to a combination of a broader crypto rally and the continued hype around AI tokens.
Investors Find Significant Synergies Between AI and Web3
GTAI is the native token of the GT Protocol, an AI execution protocol for Web3. It enables users to interact with Web3 platforms, including DeFi, NFTs, and even centralized exchanges with an AI interface. Specifically, users can instruct a chatbot, similar to OpenAI’s ChatGPT, to execute trades, get information about the markets, buy NFTs, participate in governance, and more.
Its use case showcases significant synergies between AI and Web3. Critically, GT Protocol’s chatbot makes Web3 more accessible to average users. So far, crypto users reported that complex interfaces and a lack of technical knowledge are the top reasons that keep them from using Web3. By making Web3 more accessible, AI chatbots can boost the industry’s user base.
Web3 offers new ways for AI platforms to attract investors and monetize. For instance, GT Protocol’s users pay a transaction fee on DeFi trades instead of a flat monthly fee. At the same time, GTAI offers staking rewards to investors. Staking also enables them to participate in governance, allowing them to shape this project in the future.
On the Flipside
- Other AI tokens have seen significant growth recently. Fetch.ai (FET) rose 42% in the last 30 days ahead of its merger into the Artificial Superintelligence Alliance (ASI).
- AI tokens saw impressive growth in February, at a time when NVIDIA saw impressive growth. NVIDIA’s AI chips became a hot commodity after the success of ChatGPT.
Why This Matters
The rapid growth of GTAI shows investors are bullish on the intersection between AI and Web3. GT Protocol’s role in making Web3 more accessible showcases the synergies between the two technologies.
