Crypto rally today: Why Humanity, Near Protocol, Worldcoin are pumping

A crypto rally is happening among AI tokens today, as investors cheer the latest Anthropic IPO application and Nvidia news. Humanity token jumped by 27% in the last 24 hours, while Worldcoin (WORLD) and Near Protocol (NEAR) soared by over 10% in the same period.

Humanity, Near Protocol, Worldcoin rally after Anthropic IPO filing

The ongoing AI coin rally is happening in a difficult day for the crypto market as Bitcoin and most altcons have slumped. Bitcoin price dropped below $73,000 as ETF outflows continued. Ethereum is also positioned below the important support level at $2,000. Consequently, the market capitalization of all tokens dropped by over 2.6%.

Humanity, Worldcoin, and Near Protocol tokens are rising in a high-volume environment as investors position themselves for the upcoming IPOs that will be valued at over $4 trillion.

The first one will be the upcoming SpaceX IPO, which happens mid-month. According to Bloomberg, the company reduced its target to $1.7 trillion from the previous $2 trillion. Still, Polymarket traders believe that the company will attain a $2 trillion valuation after its IPO as retail investors pile in.

SpaceX is seen as both a space and AI IPO because of its business. While most of its revenue comes from Starlink, the company also owns xAI, the parent company of Grok, a popular AI chatbot.

Anthropic filed its IPO filing on Monday, a few days after it concluded its fundraising that valued it at over $900 billion. This fundraising means that it will be the fastest company to hit a $1 trillion valuation since it was started a few years ago. It took companies like Google and Apple decades to cross that milestone.

OpenAI has already filed its IPO papers, and traders believe that its valuation will eventually cross the $1 trillion mark despite its slowing business.

AI theme is doing well

Therefore, Humanity, Near Protocol, and Worldcoin tokens are rising today as the artificial intelligence hype accelerates. Humanity and Worldcoin are considered AI tokens because their services help to verify humans. This feature will see high demand in the coming years, now that AI agents are booming. Website and application operators will want to know that there are human beings behind key transactions. Worldcoin is also associated with Sam Altman, its founder. 

Near Protocol, on the other hand, is at the confluence of key areas, including privacy, artificial intelligence, and layer-1. Near.com offers a service that makes it possible for users to handle multi-chain transactions in a private way. Near AI, on the other hand, offers a top AI agent marketplace. 

These features have led to more demand among investors. For example, Near Protocol’s volume surged to over $1 billion in the last 24 hours. Humanity Protocol and Worldcoin had over $743 million and $834 million in volume. Also, their futures open interest continued soaring. 

Another main reason behind the surge is that Nvidia has made some notable announcements this week, signaling that the AI boom was alive and well. For example, it launched its new AI chips for Windows, an industry it believes will be worth over $200 billion in the long term. All these events have led to a surge in demand for AI coins and stocks.