Rejuve.AI (RJV), a Cardano-linked synthetic intelligence token, is experiencing a really excessive stage of volatility right now as its worth simply jumped to a brand new all-time excessive (ATH). On the time of writing, the token has soared by 153.27% over the previous 24 hours and is buying and selling at a spot worth of $0.1135.
Whereas most tokens are reeling from the pangs of the yet-to-be-cleared crypto winter and amid the present banking woes within the business, Rejuve.AI is seeing a few of its most bold worth actions of all time. For a mission that has been in existence for over a yr, RJV touched an ATH of $0.138 about three hours earlier than press time.
The expansion of the token might be attributed to its lately accomplished Token Era Occasion (TGE), which succeeded a few of its scheduled neighborhood funding spherical occasions. The technology of the tokens marked a brand new milestone for a digital foreign money that goals to revolutionize human well being.
The token design has an affiliation with each Ethereum (ETH) and Cardano (ADA), tapping the affect of two of essentially the most versatile proof-of-stake (PoS) Layer 1 protocols.
Using AI hype
The continued hype surrounding the Rejuve.AI protocol and token might be attributed to the overall hype within the synthetic intelligence ecosystem right now. With the arrival of ChatGPT from OpenAI, many crypto initiatives are actually pivoting into the AI world, creating options and functions that may assist push the frontiers and limits of each AI and blockchain expertise.
Moreover Rejuve.AI, SingularityNET (AGIX) is one other Cardano-linked AI mission that has made the limelight to date this yr. The SingularityNET agenda is easy, and it’s designed to assist anybody simply “create, share, and monetize” AI companies, because of its globally accessible AI market.
Many proponents are advocating constructing merchandise that may function on the intersection of AI and blockchain, and that’s what Rejuve.AI is at present engaged on.