ARKM rose 27% as AI tokens surged.
Arkham is one of the trending artificial intelligence-related tokens as its native ARKM price rose more than 27% in 24 hours. According to CoinMarketCap data, ARKM reached $1.47 on major exchanges, the highest level since July.
Arkham's (ARKM) price rise comes amid a fresh flurry of volatility in crypto, with Bitcoin above $63,500 and Ethereum around $2,700.
Arkham surge AI leads tokens.
Project Arkham released by Binance launchpool sees Arkham rise to become the biggest earner in market capitalization among the leading AI coins.
However, there are significant gains for Bittensor (TAO), Protocol Near (NEAR), Graph (GRT), and ionet (IO). These AI tokens are currently posting double-digit upside between 12% and 19%.
However, at the time of writing, their value has increased by 27% in 24 hours and 45% this week, ARKM is late. Prices near $1.48 could see bulls look at $1.75 and the June resistance level at $2.70.
The blockchain intelligence platform's native token, which uses AI to anonymize data on the blockchain and on-chain, also saw a 280% daily increase to over $127 million.
Meanwhile, it surged 27% in 24 hours to push RCM to the 159th largest cryptocurrency by market capitalization to over $326 million.
According to data from Coinglass, open interest for Arkham (ARKM) is over 56% above $39.9 million. Elsewhere, a sudden surge in prices has seen more betting on the token to over $119,000 in the past 24 hours.
Liquid long positions were $9,900 at the time of writing.
