AI Token Surges 47%, Pipping Bitcoin, Ethereum Gains As Analyst Points To Keyword Stuffing Behind Pump

Indexing protocol The Graph’s GRT token GRT/USD is up over 47%, outperforming Bitcoin BTC/USD and Ethereum ETH/USD gains.

What Happened: GRT token surpassed a $1 billion market capitalization on Sunday, according to data from CoinMarketCap. 

At the time of writing, GRT was trading at $0.2066. AI token SingularityNET AGIX/USD was up 14.55%, while Fetch.AI rose 14.09% in the last 24 hours.

The rally came after Alphabet Inc.’s Google GOOGL reportedly said it invested nearly $400 million in artificial intelligence startup Anthropic AI, which is testing a rival to OpenAI’s ChatGPT.

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Crypto analyst ‘Smart Contracter’ cautioned his 220,200 followers that at this stage, many projects are slipping the word AI into their website and receiving a 100% pump.

Price Action: BTC was trading at $23,277 up 1.70%. ETH at $1,679 up 3%  in the last 24 hours, according to Benzinga Pro.

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