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The Continuing Rally of Cryptocurrencies on Feb. 22

The cryptocurrency market saw a continued surge in prices on Feb. 22, even as Bitcoin and Ethereum maintained stable trading patterns. The total market capitalization of digital assets remained just below $2.1 trillion, with several cryptocurrencies experiencing significant gains.

According to CoinMarketCap, at least five crypto tokens saw an increase of over 20% in just 24 hours. Despite minor losses for Bitcoin and Ethereum, the overall valuation of the crypto market rose by 2%, indicating a shift of capital towards alternative coins to capitalize on potential gains.

Top Gainers in the Cryptocurrency Market on Feb. 22

The AI marketplace token SingularityNET (AGIX) emerged as the top gainer with a staggering 39% increase in market price. The bullish momentum in the AI sector has propelled AGIX, as AI coins overall have seen a 40% surge in the past week and now boast a market cap exceeding $17 billion.

Following closely behind is WLD, the native token of Worldcoin, Sam AltmanÔÇÖs eye-scanning ID project. WLD soared by 36% to surpass $8, setting consecutive all-time highs. The recent release of Sora, a text-to-video program by AltmanÔÇÖs OpenAI, coupled with speculation about major Worldcoin announcements, likely contributed to WLDÔÇÖs impressive performance.

Fetch.ai (FET), another AI token, experienced double-digit gains, surging by 23% and reaching a new all-time high. The projectÔÇÖs aim to democratize access to machine learning networks and global data through a crypto economy has attracted significant interest.

The Graph (GRT), a crypto indexing protocol running on Ethereum, also saw a notable 23% price increase. The platform allows users to query data and publish open APIs, known as subgraphs, with over 3,000 subgraphs already in operation.

Additionally, RenderToken (RNDR), the native cryptocurrency for Render, a distributed GPU network, saw a 22% leap in price, bringing it within 12% of its all-time high in 2021. The platform provides a marketplace for leasing GPU computing resources, connecting mining operations with studios and creators.

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