DSYNC, the native token of Destra Network, a decentralized artificial intelligence computing platform, managed to attract the attention of investors with this move.

According to CoinGecko data, DSYNC is up more than 30% in the last 24 hours and is trading at $0.406 at the time of writing. At the beginning of December, DSYNC reached its all-time high (ATH), exceeding half a dollar. However, the current price is only 22% lower than this peak.

Over the past week, DSYNC maintained its upward trend and gained 21% in value, but it has fallen by 7.6% in the last month.

Just before the price increase, Destra Network announced in a post on the X platform that there will no longer be taxes for DSYNC. Following this announcement, the token surged 13% and posted even larger gains the next day.

It can be clearly seen from the price movements that investors reacted positively to this development. Additionally, this rise is thought to be linked to a broader AI token rally.

According to CoinGecko data, the total market value of artificial intelligence meme coins exceeded $10 billion, increasing by approximately 30% in the last 24 hours. At the time of writing, this value is approaching $11 billion.

Destra Network is known for the optimization of artificial intelligence technology in blockchain and cloud solutions. The project, which develops decentralized artificial intelligence agents using GPU, stands out with its innovative approaches.

The company’s current work includes the “Destra Sentient” platform, which aims to provide traders with specially designed artificial intelligence agents. These agents are planned to have the ability to think like humans and communicate naturally. Thus, it is aimed to provide a higher level of interaction in the digital world.

Destra’s innovative approaches in this field are also supported by its previous steps. At the end of 2023, the company launched a $100 million web3 fund in partnership with Singapore-based Whampoa Digital.

This fund focuses specifically on blockchain-based gaming projects in the Middle East. Henry Chang, the company’s former CEO, considered this collaboration as an important opportunity for both parties to share knowledge and increase expertise on blockchain technology.

Artificial intelligence and blockchain integration are becoming increasingly important in the crypto world. Leading networks are launching various projects and collaborations to incorporate artificial intelligence technologies into the blockchain ecosystem.

However, according to Syncracy Capital, artificial intelligence technology is still a new field in the crypto world. Currently, only 1% of the total crypto market cap belongs to projects with AI integration. However, the growing popularity of AI tokens may change this ratio.

Destra’s 0% tax policy and innovative projects continue to attract the attention of both investors and industry. However, the sustainability of this rise will depend on market conditions and future developments.