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GPT-5 Launches: Can it Boost These 7 AI Tokens?

GPT-5 Launches: Can it Boost These 7 AI Tokens?

CoineditionCoinedition2024/10/10 16:00
By:Coin Edition
  • GPT-5 demonstrates near-human reasoning in STEM fields, outperforming many academic benchmarks and showcasing its advanced capabilities.
  • NEAR Protocol’s market experiences fluctuations, with a recent 0.55% price drop and rising liquidations in long positions.
  • Bittensor sees increased trading activity despite a price decline, reflecting mixed sentiment among traders in the derivatives market.

OpenAI officially launched its highly anticipated GPT-5 language model on September 12, 2024. The release features the o1-preview and o1-mini models, marking a significant advancement in AI capabilities. GPT-5’s development had been the subject of much speculation, with earlier predictions placing its release sometime between 2024 and 2026.

Now that GPT-5 is publicly available, its improved capabilities across various domains, particularly in reasoning and problem-solving, are turning heads.

GPT-5 Excels in Reasoning and STEM Performance

OpenAI has reported GPT-5’s remarkable performance on several benchmark tests, particularly in STEM fields. The new model demonstrated near-human reasoning abilities in areas like physics, chemistry, and biology. OpenAI’s data shows GPT-5 performed at the level of PhD students in these disciplines, highlighting its strength in tackling complex academic tasks.

Read also : AI Coins Surge Driven by Nvidia’s Earnings and OpenAI’s Big Move

The model also scored among the top 500 students in the United States Math Olympiad qualifier, further proving its mathematical problem-solving skills. GPT-5 even ranked in the 89th percentile on Codeforces, a competitive coding platform, showing its proficiency in programming.

NEAR Protocol: Cooling Off in the Derivatives Market

Meanwhile, various AI tokens are seeing price swings. NEAR Protocol is trading at $4.61 , with a 24-hour trading volume of $244,795,709. Its price has dipped 0.55% in the last 24 hours, leaving its market capitalization at $5,597,647,460. NEAR Protocol’s circulating supply is currently 1,213,974,369 coins.

GPT-5 Launches: Can it Boost These 7 AI Tokens? image 0 GPT-5 Launches: Can it Boost These 7 AI Tokens? image 1 Source: Coinglass

The derivatives market for NEAR Protocol appears to be cooling down. Its trading volume has fallen by 12.87% to $282.56 million, and open interest has dropped by 2.50% to $203.83 million. Despite bullish sentiment on Binance and OKX, where the long/short ratios are around 2.4, the market seems volatile. Liquidations, especially of long positions, are on the rise, with $513,060 liquidated in the last 24 hours.

Bittensor Sees Increased Trading Activity

Bittensor (TAO) is priced at $564.54 , with a 24-hour trading volume of $187,095,453. Bittensor’s price has fallen by 3.10% in the last 24 hours, and its market cap is now $4,166,833,251. The circulating supply of Bittensor’s TAO coins is 7,380,936.

GPT-5 Launches: Can it Boost These 7 AI Tokens? image 2 GPT-5 Launches: Can it Boost These 7 AI Tokens? image 3 Source: Coinglass

TAO derivatives have seen a surge in trading activity. Volume has jumped by 35.48% to $438.95 million, although open interest has dipped slightly by 2.26%, suggesting some traders are closing positions. The long/short ratio of 0.947 across most platforms points to mixed market sentiment. On OKX, traders seem more bullish, with a ratio of 1.37. However, $639,900 in long positions were liquidated in the last 24 hours, indicating growing volatility.

Internet Computer Derivatives Heat Up

Internet Computer (ICP) is trading at $8.08 , up 2.23% in the last 24 hours, with a market capitalization of $3,814,584,282. The coin’s circulating supply is currently 472,140,124 ICP coins.

GPT-5 Launches: Can it Boost These 7 AI Tokens? image 4 GPT-5 Launches: Can it Boost These 7 AI Tokens? image 5 Source: Coinglass

The derivatives market for ICP has also picked up, with trading volume rising by 31.13% to $57.12 million and open interest climbing by 5.09% to $45.12 million. Despite generally bearish sentiment, traders on Binance appear bullish, with a long/short ratio of 2.7594. However, long positions are facing pressure, with $43,520 liquidated in the past 24 hours.

Artificial Superintelligence Alliance (FET): Market Challenges Ahead

Artificial Superintelligence Alliance is priced at $1.33 , with a 24-hour trading volume of $172,757,737. The coin has decreased by 1.58% in the last 24 hours, leading to a market cap of $3,344,146,589. Its circulating supply is 2,520,000,000 FET coins, with a maximum supply of 2,719,493,897 coins.

GPT-5 Launches: Can it Boost These 7 AI Tokens? image 6 GPT-5 Launches: Can it Boost These 7 AI Tokens? image 7 Source: Coinglass

FET derivatives are seeing increased trading activity, with volume rising 14.78% to $188.35 million. However, market sentiment remains bearish, as shown by a long/short ratio of 0.8907. Binance traders are more optimistic, with a long/short ratio of 2.7092. Still, long positions are under pressure, with $473,410 liquidated in the last 24 hours, which could mean volatility.

Render (RNDR): Increasing Interest Despite Bearish Sentiment

Render is trading at $5.11 , with a 24-hour trading volume of $215,534,119. The coin has experienced a slight decrease of 0.38% in price, resulting in a market cap of $2,647,538,449. The circulating supply of RENDER coins is 517,690,631.

GPT-5 Launches: Can it Boost These 7 AI Tokens? image 8 GPT-5 Launches: Can it Boost These 7 AI Tokens? image 9 Source: Coinglass

Render is seeing increased activity in the derivatives market. Trading volume is up 8.15% to $80.95 million, and open interest has risen by 4.12% to $60.78 million. While overall sentiment is bearish, Binance traders remain optimistic, with a long/short ratio of 2.6928. However, $171,660 was liquidated from long positions in the last 24 hours, a sign to be cautious.

The Graph (GRT): Navigating Uncertain Market Conditions

The Graph is priced at $0.154344 , with a 24-hour trading volume of $70,393,087. The price has fallen by 1.03% over the last 24 hours, leading to a market cap of $1,473,760,761. Its circulating supply stands at 9,548,531,509 GRT coins.

GPT-5 Launches: Can it Boost These 7 AI Tokens? image 10 GPT-5 Launches: Can it Boost These 7 AI Tokens? image 11 Source: Coinglass

The derivatives market for The Graph is showing less activity, with trading volume down 4.85% to $34.69 million. Open interest has dipped slightly by 0.15% to $26.50 million. Despite the generally bearish sentiment, Binance traders seem bullish, with a long/short ratio of 2.42. However, long positions are under pressure, with $76,430 liquidated in the last 24 hours.

Akash Network (AKT): Cautious Outlook Amid Reduced Volume

Akash Network is priced at $2.33 , with a 24-hour trading volume of $6,289,542. It has decreased by 0.49% in the last 24 hours, resulting in a market cap of $578,808,405. The circulating supply stands at 248,285,795 AKT coins, with a maximum supply of 388,539,008 coins.

GPT-5 Launches: Can it Boost These 7 AI Tokens? image 12 GPT-5 Launches: Can it Boost These 7 AI Tokens? image 13 Source: Coinglass

AKT derivatives show a sharp decline in trading volume, down 14.76% to $2.25 million. However, open interest has surged by 10.06% to $4.28 million, indicating growing trader engagement despite the lower activity. The market sentiment is bearish, with a long/short ratio of 0.8379 suggesting a dominance of short positions. Liquidation data shows $318,990 liquidated from long positions in the past 24 hours, painting a cautious picture in the face of volatility.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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