AI token prices soar: Is it all hype, or is there real potential?

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With several AI tokens registering triple digital growth in 2024, observers are questioning whether many of these projects have merit.

The artificial intelligence (AI) token market has been on a remarkable upswing over the last few months, with things reaching a fever pitch last month as trading volumes and market valuations skyrocketed across many exchanges. 

Data from the crypto platform Bitget revealed that the dedicated AI token zone witnessed an astonishing 400% surge in trading volume throughout February alone, reaching a total market capitalization of over $39 billion.

This rapid rise has primarily been fueled by investors piling into AI-centric concepts like Worldcoin (WLD), Livepeer (LPT) and Arkham (ARKM), all of which have seen their prices erupt over the past few months.

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