A decentralized oracle provider and two artificial intelligence (AI)-focused altcoins surged just hours after going live on top US-based crypto exchange platform Coinbase.
The data reveals that Chainlink (LINK) rival Pyth Network (PYTH) and AI-based projects Kaito (KAITO) and Bittensor (TAO) all saw significant increases in price after gaining support from Coinbase.
KAITO – an “InfoAI” protocol that aims to solve the problem of fragmentation within the digital assets industry – was recently listed by both Coinbase and the top global crypto exchange by volume Binance en route to nearly doubling up its price.
Kaito is trading for $1.92 at time of writing, a staggering 99.89% rise during the last 24 hours.
Moving on to the decentralized machine-learning network Bittensor, an open-source platform that allows investors to create and swap AI learning models, the data finds that TAO also saw a significant increase in price but eventually stabilized.
TAO skyrocketed from a low of $445 to a peak of $484, a rise of 8.7%, in just a few hours after gaining support from Coinbase. The digital asset has since retraced and is moving for $453 at time of writing.
Moving on to PYTH, the data shows the oracle provider also saw an increase in price after being listed followed by a subsequent retrace. On February 20th, PYTH jumped from a price of $0.235 to $0.263, a 12% increase. It was since retraced and is trading for $0.243 at time of writing.
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