The performance of AI tokens is better than BTC and ETH, with a surge of up to 650% in 2023

Artificial intelligence (AI) tokens had a significantly higher increase in value in 2023 compared to cryptocurrency giants Bitcoin and Ethereum. At the same time, funding for Web3 projects related to artificial intelligence has surged. According to a report from Binance's research department, AI tokens have benefited from the rising interest in the industry. In the past quarters and year, AI tokens "experienced significant gains" and outperformed the market. They ranked second in the past three months. Meanwhile, the report stated that the performance of the top five AI coins by market capitalization was noticeably better than BTC and ETH, ultimately achieving an increase of 200% to 650% in 2023.