After a short dip in mid-February 2023, AI-driven crypto tokens have continued to surge over the last 30 days. The combined value of all 74 cryptocurrency projects focused on artificial intelligence has now reached a market cap of $4 billion. This represents 0.37% of the total crypto economy.
Analysts remain confident about the prospects for AI-focused tokens in the coming month.
AI was a major theme in 2023, with a corresponding surge in the value of AI-focused tokens. According to Bitcoin.com News data, these cryptocurrencies have seen strong gains since the end of January, even with some minor hiccups in the mid-term.February. The positive performance of AI-based digital tokens has been sustained over the last month.
The top AI-focused digital currency, Graphite (GRT), has a market cap of around $1.42 billion. Over the past 30 days, it has gained 70.57% against the US dollar. The second-largest AI currency, Singularitynet (AGIX), is up 132.67%. Fetch.ai (FET) has gone up 53.21%, while Ocean Protocol (OCEAN) has increased 7.26%. Iexec RLC (RLC), the fifth largest AI token, has risen 6.29% against the US dollar in the last month. The top five AI crypto tokens, GRT, AGIX, FET, OCEAN, and RLC, now total $2.69 billion or 67.3% of the entire AI crypto economy.
Other notable gainers in the AI crypto market this month include Alethea’s Synthetic Liquid Intelligence (ALI) token, which is up 30.28%; Phoenix World (PHB), which rose 23.64%; Xmon (XMON), which increased by 30.47%; Measurable Data Token (MDT), which jumped 124.97%; and SingularityDAO (SDAO), which has grown 121.48%.
At the time of writing, the 74 AI-focused digital currencies have gone up 3.07% against the US dollar in the last 24 hours. However, in the last seven days, the AI crypto market has experienced a 4.14% drop in value. The trading volume of the AI crypto market in the last day was approximately $444.39 million. This represents 0.8% of the current global trading volume of $55.39 billion.
What do you think of the ongoing progress of AI-focused crypto assets? Do you believe these digital currencies will experience significant gains sooner than expected? Please share your thoughts in the comments below.
