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Ethereum
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$2,426.08 0.10028
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BNB
BNB (BNB)
$646.45 0.17588
BNB price
Solana
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$147.04 3.49989
Solana price
XRP
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$2.20 5.89597
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Shiba Inu
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$0.0000114 2.16619
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Pepe
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$0.0000094 3.13108
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Bonk
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$0.0000137 4.15486
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dogwifhat
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$0.800203 4.9253
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Ethereum
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BNB
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$646.45 0.17588
BNB price
Solana
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$147.04 3.49989
Solana price
XRP
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$2.20 5.89597
XRP price
Shiba Inu
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$0.0000114 2.16619
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Pepe
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$0.0000094 3.13108
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Bonk
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$0.0000137 4.15486
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dogwifhat
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Bitcoin
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Ethereum
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$2,426.08 0.10028
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BNB
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$646.45 0.17588
BNB price
Solana
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$147.04 3.49989
Solana price
XRP
XRP (XRP)
$2.20 5.89597
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 2.16619
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000094 3.13108
Pepe price
Bonk
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$0.0000137 4.15486
Bonk price
dogwifhat
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$0.800203 4.9253
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Popcat
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$0.283645 7.79818
Popcat price

TARS AI, AIOZ Network prices rise after ecosystem update

Jayson Derrick
Edited by
Markets
TARS AI, AIOZ Network prices rise after ecosystem update

TARS AI (TAI) and AIOZ Network tokens were among the best-performing cryptocurrencies on Friday as demand for artificial intelligence (AI) rebounded. TAI jumped to an intraday high of $0.2200, its highest point since June 16th. 

Similarly, AIOZ Network rebounded to $0.60, its highest level since June 15th. It has risen by more than 41% from its lowest level this year. Other AI tokens like Akash Network, SingularityNET, and Fetch also rebounded. 

TARS AI vs AIOZ Network

AIOZ Network vs TARS AI

TARS AI token burn

This performance also happened in the stock market, where companies like Nvidia, C3.ai, and AMD rose by over 0.50%. 

These tokens also rose after they made several important news. Tars, an AI infrastructure network on Solana, announced that it had burned 100 million tokens worth over $15 million. These tokens accounted for about 10% of those in circulation.

A token burn is an important aspect of the crypto industry that permanently removes tokens in circulation by sending them in an address that cannot be accessed. It is meant to improve a token’s value by reducing its supply.

Tars also announced that it would bring .ai domains to Solana. Its goal is to replicate the success of Ethereum Name Service (ENS), which has registered millions of domains in the past few years. 

Earlier this month, the developers announced that they would launch an AI fund worth 10 million TAI tokens. The funding will go to developers in key sectors like DePin, retail products, computation, and finance. 

https://twitter.com/tarsprotocol/status/1801601544976273575

AIOZ Network node upgrade

Meanwhile, AIOZ Network’s token rose after the developers launched the latest version of the AIOZ Node. The new version brought new functionalities, including the introduction of the  transcoding functionality. Transcoding enables users to participate in video transcoding, a process that converts video files into different formats. 

The TAI and AIOZ gains will likely be sustainable if Bitcoin bounces back. Its recent attempts to rebound have faded at around $61,000, where it has been stuck in the past few days. In most cases, altcoins move in the same direction as Bitcoin.

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