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New ChatGPT ‘GPT-4’ Model Sparks Massive Rally in AI Tokens

2 mins
Updated by Kyle Baird
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In Brief

  • OpenAI has launched GPT-4, an upgrade to the ChatGPT model.
  • The new model can process images and is more reliable and creative.
  • Many AI-focused crypto projects are benefiting from the interest borne out of ChatGPT’s success.
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AI tokens are seeing huge increases in prices following the launch of GPT-4. The latter is a new model for ChatGPT, which brings several improvements.

ChatGPT is continuing to dominate the tech space, with OpenAI announcing that it had released GPT-4, a new model that brings many improvements. The startup states that GPT-4 is more capable than its predecessor GPT-3.5 because it offers better reliability, creativity, and handling of nuanced instructions.

OpenAI Launches GPT-4

Among the new features that the new model will offer include the ability to understand images. For example, a user could pass an image containing several ingredients, and the AI will respond with the possible food dishes they can be used in. ChatGPT will also have a “better memory” and can process up to 25,000 words.

OpenAI, in which Microsoft invested $10 billion, is the talk of the tech world, and many rival companies are beginning their own projects in AI. Of course, some challenges and pitfalls still exist, but it hasn’t stopped millions of users from flocking to the ChatGPT application.

Teachers have warned against using ChatGPT, especially since the model has proven itself extremely capable at several different kinds of exams.

Exam Results ChatGPT 3.5 Chart by Yiğit Konur
Exam Results ChatGPT 3.5 Chart by Yiğit Konur

AI has steadily increased in importance over the years, but 2023 is shaping up as one of the most critical years yet. The crypto industry has taken note, with several projects also showing growth since the start of the year. Coinbase’s Conor Grogan also tested the application, inputting a smart contract — and the application pointed out vulnerabilities.

CryptoGPT Takes Advantage of ChatGPT Mania

ChatGPT is one of the hottest stories of 2023, and the new model will certainly only increase the popularity of the application. Some crypto projects have even begun to take advantage of the phenomenon, most notably CryptoGPT.

CryptoGPT Price is spiking, following the releaste of GPT-4 : CoinMarketCap
CryptoGPT Price: CoinMarketCap

The project states its platform is a ZK Layer-2 that lets users monetize their AI data and “turn every task of your daily life into a source of income.” These elements of daily include fitness, dating, gaming, and education. The token has experienced significant growth over the past few days, rising by 1703% since it was listed on exchanges.

AI Tokens See Massive Surges in Prices

Unsurprisingly, several projects that focus on AI have seen their tokens skyrocket in value after the news. These tokens have existed for years in the market, but the success of ChatGPT has given them a second life.

AI Tokens Surging: CoinMarketCap
AI Tokens Surging: CoinMarketCap

Among the most successful tokens are The Graph (GRT), SingularityNET (AGIX), Render Token (RNDR), Fetch.ai (FET), and Oasis Network (ROSE). Nearly all of these tokens have experienced double-digit increases in price, with AGIX increasing by as much as 36% over the past 24 hours.

The growth hasn’t been limited to the last day, as they have experienced a steady buildup over the last week. In any case, it appears that AI tokens are going through a breakthrough period at the moment.

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Rahul Nambiampurath
Rahul Nambiampurath's cryptocurrency journey first began in 2014 when he stumbled upon Satoshi's Bitcoin whitepaper. With a bachelor's degree in Commerce and an MBA in Finance from Sikkim Manipal University, he was among the few that first recognized the sheer untapped potential of decentralized technologies. Since then, he has helped DeFi platforms like Balancer and Sidus Heroes — a web3 metaverse — as well as CEXs like Bitso (Mexico's biggest) and Overbit to reach new heights with his...
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