AI Crypto Sector Stands Tall Amid Market Decline, Economy Bolsters by $7.54B in Just 30 Days

Amid a widespread downturn in the cryptocurrency markets this week, tokens based on artificial intelligence (AI) have nevertheless attracted billions of dollars in additional investment. In the last month, the AI-focused cryptocurrency sector has expanded by $7.54 billion, with the majority of the leading AI tokens—four out of the top five—experiencing notable gains since Feb. 20, 2024.

4 Out of the Top 5 AI Crypto Tokens Shine

The cryptocurrency market focused on artificial intelligence (AI) continues its upward trajectory, with the total value of AI-based cryptocurrencies now standing at $24.9 billion. Just 30 days prior, the combined market value of these 93 coins was approximately $17.36 billion as of Feb. 20, 2024.

This marks an addition of $7.54 billion to the sector, with the lion’s share of the top tokens experiencing significant advancements. The leading AI token by market capitalization, internet computer (ICP), uniquely did not post gains over the past month, experiencing a 4.46% decline since Feb. 20 and a 12.22% drop over the past week.

Meanwhile, the token with the second-largest market cap, bittensor (TAO), has ascended by 13.01% against the U.S. dollar in the last 30 days. Graph (GRT) saw an increase of 66.8%, and fetch (FET) astonishingly rose by 169.5% during the same period. Singularitynet (AGIX) also registered triple-digit gains, escalating by 109.17% against the U.S. dollar.

Other tokens making notable strides include ocean protocol (OCEAN), which ascended by 72.96%, 0x0ai (0X0) with a 124.68% increase, and delysium (AGI), which soared by 211.64% over the month. However, not all enjoyed growth; sleepless ai (AI) experienced a 14.1% decline, and chaingpt (CGPT) dropped by 6.31%.

The standout performer was ime lab (LIME), which skyrocketed by 1365%, while the most significant downturn was seen by bcubeai (BCUBE), which fell by 50.03% since Feb. 20, 2024. The AI-focused segment of the cryptocurrency market represents 0.98% of the entire $2.54 trillion crypto economy, experiencing a growth of 4.03% in the last day, accompanied by a trade volume of $2.47 billion.

What do you think about the crypto AI sector swelling by $7.54 billion since Feb. 20, 2024? Let us know what you think about this subject in the comments section below.

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