CoinGecko, a large cryptocurrency tracking website, releases an insight into the 10 Artificial Intelligence tokens that increased by 11.8% to 80.4% from November 20 to November 23. This large crypto aggregator highlights that the surge coincided with the decision of OpenAI, an AI research and deployment company, to fire and rehire its co-founder, Sam Altman.
In a recent X post, CoinGecko wrote that Akash Network (AKT) took the lead as the largest gainer, where it skyrocketed by 80.4% on November 20. AKT purportedly showed a 61.1% increase, from $1.02 to $1.65, on November 23.
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— CoinGecko (@coingecko) November 23, 2023
OriginTrail (TRAC) had the second largest profits during the same period, where it peaked between the 45.8% to 50.9% range. Meanwhile, Bittensor (TAO) came in third, climbing by 33.9% to 71.3%.
Moreover, when OpenAI’s board of directors decided to reinstate Altman as its CEO, two cryptos—TRAC and Altman’s iris biometric-focused token Worldcoin (WLD)—climbed up, increasing between 26.4% to 50.9%.
CoinGecko tracked the AI-focused tokens during the four-hour closing prices on November 17 (8:00 P.M. UTC) to November 23 (5:00 A.M. UTC). Besides the aforementioned gainers, Fetch.ai (FET), SingularityNET (AGIX), Dynex (DNX), 0x0.ai (0X0), Render (RNDR), and Ocean Protocol (OCEAN) also made it to the list.
The crypto data aggregator also stresses that AI tokens have been rallying in price amidst expectations of a spot Bitcoin exchange-traded fund (ETF) approval. However, the issue surrounding OpenAI and its top bosses only propelled the rally further.
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