Greed

2024

GPT-4o

Read

ArcBlock’s native token,&nbsp;ABT, has seen a significant surge in its market value, with a 26% rise over the last 24 hours, pushing the token to a new all-time high of $3.92. 
The latest surge in trading volume, which reached $31.8 million in the same period, has elevated the token’s market cap to $383 million, per data by CoinMarketCap. 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14272592"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/05/ABT_1D_graph_coinmarketcap.png.webp"> 
 <img loading="lazy" decoding="async" width="898" height="495" src="https://crypto.news/app/uploads/2024/05/ABT_1D_graph_coinmarketcap.png" alt="ABT token surges 26% to hit new all-time high - 25"> 
 </picture> 
 <figcaption class="wp-element-caption">
 ABT 24-hour price chart | Source: CoinMarketCap
 </figcaption>
</figure> 
ABT is an integral part&nbsp;of the ArcBlock ecosystem, a platform that combines blockchain technology with cloud computing to facilitate the development and deployment of decentralized applications. 
The platform, designed to&nbsp;be user-friendly and cost-efficient, supports a variety of services, components, and applications, promoting a self-evolving ecosystem. As an <a href="https://crypto.news/how-to-create-an-ethereum-wallet/" rel="">ERC-20 token</a>, ABT is used primarily for payment within this framework. 
ArtBlock’s AI apps engine, AIGNE, simplifies access to large language models and generative AI technologies. It enables users to easily access and utilize&nbsp;large language models (LLM) and generative AI (AIGC)&nbsp;with a completely code-free approach, allowing anyone to build complete applications using AI. 
 You might also like: <a href="https://crypto.news/ai-tokens-fet-agix-and-ocean-surge-amid-merger-deal-into-asi-token/" rel=""> AI tokens FET, AGIX, and OCEAN surge amid merger deal into ASI token </a> 
ABT has surged by about 35% in the last two days, per data by CoinMarketCap.&nbsp;The recent uptick in ABT’s value could&nbsp;be attributed&nbsp;to a series of <a href="https://twitter.com/mave99a/status/1790052670868521173" target="_blank" rel="">announcements </a>by Robert Mao, ArcBlock’s founder. 
On May 13, Mao highlighted the potential of AI agents to become a&nbsp;major&nbsp;part of daily active users by 2030, with an estimated market valuation between $15 trillion and $25 trillion. 
Following up on May 14, Mao announced the integration of <a href="https://openai.com/index/hello-gpt-4o/" target="_blank" rel="">GPT-4o </a>support into their AIGNE model, enhancing its capabilities.&nbsp;GPT-4o notably includes features such as the ability to process and understand video and audio from uploaded files, as well as&nbsp;generate short videos. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 AIGNE now open with GPT-4o support! A quick video tutorial will on later tonight.<a href="https://t.co/1LQJeY1Ias" target="_blank" rel="">https://t.co/1LQJeY1Ias</a>— Robert Mao (@mave99a) <a href="https://twitter.com/mave99a/status/1790213880456839228?ref_src=twsrc%5Etfw" target="_blank" rel="">May 14, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Despite ArcBlock’s impressive performance, the overall crypto sector remains relatively static,&nbsp;with&nbsp;the global market cap hovering around $2.26 trillion. The Fear and Greed Index, a measure of investor sentiment, currently stands at 52, indicating a neutral outlook among crypto traders. 
<a href="https://crypto.news/tag/bitcoin/" rel="">Bitcoin</a>, the largest cryptocurrency by market cap, has been experiencing&nbsp;a period of&nbsp;lateral movement, with its&nbsp;price currently at $62,210. This sideways trading pattern reflects a cautious approach from investors amidst a mixed&nbsp;sentiment in the market. 
 Read more: <a href="https://crypto.news/meme-coins-become-top-gainers-again-in-flat-crypto-market/" rel=""> Meme coins become top gainers again in flat crypto market </a>

ABT token surges 26% to hit new all-time high

crypto.news

Other articles published on May 15, 2024

UK Shuts Down Crypto Academy Amid Fraud Allegations

BitMart Welcomes $GME to Its Trading Platform

Methane Detection Takes a Leap Forward with AI-Enhanced Satellite Technology

Anchorage Digital announces support for native DYDX staking

Best Buy Cryptocurrencies Under $5 For May

Experts Analyze Shiba Inu’s Descending Triangle Formation

Join our free newsletter for daily crypto updates!