AI Tokens Surge 131% as Bitcoin Rise

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HappyCoinNews2024/11/20 21:11

By:HappyCoinNews

The combined market capitalization of AI and big data tokens has risen 131,4% since their low in June 2021.

Currently, the market cap of AI tokens is $42,1 billion. For comparison, on March 15, 2024, the total value of all assets in this category peaked at $45 billion, but by June 8, this figure had fallen to $18,2 billion.

AI Tokens Surge 131% as Bitcoin Rise image 0

AI Token Market Cap in 30 Days

If the growth continues, the market capitalization of AI tokens could reach $44,99 million by the end of November, and then set a new historical maximum.

The leader among AI cryptocurrencies was Near-Protocol (NEAR), Internet Computer (ICP) and Render (RENDER). Bittensor tokens (TAO0, Artificial Superintelligence Alliance (FET), Injectable (INJ), The Graph (GRT), Theta Network (THETA) and Akash Network (AKT) have also seen notable gains in recent days.

Experts explain the growth in the value of AI tokens by the positive mood of investors against the backdrop of the growth of Bitcoin and leading altcoins. Currently, the total market capitalization of the entire crypto market is estimated at $3,09 trillion, according to CoinMarketCap. AI tokens account for only 1,36% of this figure, which indicates great potential for growth in the assets of this group.

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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