AI-Themed Cortex (CTXC) Rallies 24% Even As Bitcoin, Ethereum Trade Muted

Cortex CTXC/USD, has surged more than 24% in the past 24 hours, even as apex crypto Bitcoin BTC/USD and Ethereum ETH/USD trade muted.

What Happened: At the time of writing AI-themed altcoin CTXC was trading at $0.17, with the market cap increasing over 24% to 37 million, since Monday.

Cortex enables users to share and utilize AI models over a distributed, decentralized, and peer-to-peer blockchain network, with open-source development.

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A pseudonymous analyst ‘Javon Mars’ said that CTXC prices are ‘back with momentum,’ predicting over 177% gains, target at $0.5247.

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Data from LunarCrush reveals that CTXC price hit $0.18, the highest point in the last 90 days.

Price Action: Apex crypto BTC traded lower on Monday evening at $16,939.42. ETH was trading at $1,246, up 0.18% in the last 24 hours, according to Benzinga Pro.