Artificial intelligence cryptocurrencies are still making huge gains – just as asset manager Franklin Templeton highlights how AI and crypto can go together.
Franklin Templeton said in a note on Tuesday that it is “extremely interesting” how AI agents will interact on blockchains. And he observed the current clamor around him. AI16z and the virtual protocol– Two tokens among the top 100 coins by market capitalization that have made some big gains in the last 24 hours.
The AI16z is an investment. Dao Managed by AI agents. According to CoinGecko data, the native token has risen by more than 18% in the past day – after a decline last week – and is now trading at $1.30. It briefly fell out of the top 100 on Monday, but has recovered and returned to such valuable company.
The world's largest crypto exchange Binance announced It will begin trading perpetual futures contracts for AI16z early this month. Even with today's high, however, AI16z is down 32% over the past week, and is 47% off its all-time high of $2.47 set less than two weeks ago.
and the virtual protocol virtual – is started on . Ethereum Layer-2 network basis Last year – increased by 15% from the previous day. It is now priced at $2.98. Virtuals is used to launch various AI agents, including AiXBT—which nearly matched its own all-time high on Tuesday.
Both tokens have cooled their rallies in recent days after a white-hot start to the year, but are rebounding as the broader crypto market recovers on Tuesday.
AI agent software programs are designed to assist humans in completing tasks on their own. As the buzz around AI grows, many in the field are making big promises about how well such agents can help complete human tasks. And some of these agents have their own tokens, adding potential leverage and speculation into the equation.
Franklin Templeton added that while AI agents have a ways to go to become as refined and useful as vision, the field has great promise.
Although these agents are not yet fully autonomous and underserved in their current state, this emerging field holds great promise and is worth watching closely as it evolves and matures, the note said.
Edited by Andrew Hayward
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