Rejuve.AI (RJV), a Cardano-linked synthetic intelligence token, is experiencing a really excessive stage of volatility right this moment as its value 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 value 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 trade, Rejuve.AI is seeing a few of its most bold value actions of all time. For a venture 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 will be attributed to its lately accomplished Token Technology 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 forex 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 probably the most versatile proof-of-stake (PoS) Layer 1 protocols.

Driving AI hype

The continuing hype surrounding the Rejuve.AI protocol and token will be attributed to the final hype within the synthetic intelligence ecosystem right this moment. With the appearance of ChatGPT from OpenAI, many crypto tasks are actually pivoting into the AI world, growing options and purposes that may assist push the frontiers and limits of each AI and blockchain know-how.

In addition to Rejuve.AI, SingularityNET (AGIX) is one other Cardano-linked AI venture 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 providers, due to its globally accessible AI market.

Many proponents are advocating constructing merchandise that can function on the intersection of AI and blockchain, and that’s what Rejuve.AI is at present engaged on.