The market capitalization of AI Token decreased by 29.33% in 30 days, despite the increase in Web3 adoption.
The number of global cryptocurrency users reached 659 million, indicating a rise in adoption.
Despite Web3 adoption reaching new highs, AI-related Tokens have sharply declined. This indicates a separation between AI Tokens and the widespread use of Web3, showcasing a new trend in the market.
The market cap of AI Tokens is not supported by the development of Web3.
In the past month, the market capitalization of AI Tokens has decreased by 29.33% to $26.72 billion. Specifically, Bittensor (TAO) has decreased by 29%, recording losses across all charts.
The market capitalization of TAO also decreased by 4.24%, while trading volume dropped by 14%, indicating strong bearish pressure.
Near Protocol (NEAR) decreased by 27.12% during the same period, with a market cap decrease of 4.45%. In fact, Artificial Superintelligence (FET) dropped by 25.68% and Render (RNDR) fell by 32.8%. These losses indicate a shift in investor behavior.
The metrics for Web3 adoption still show positive signals.
Although AI Tokens are decreasing in price, Web3 adoption is on the rise. Driven by the potential of decentralized technology, the Web3 market is rapidly growing.
The Web3 blockchain market is expected to grow from $7.23 billion in 2025 to $42.29 billion by 2030, according to Mordor Intelligence.
This data reflects the increasing demand for technology, especially in developing economies. Additionally, the number of cryptocurrency users has risen to 659 million in 2024, a 14% increase from the previous year, according to Triple-A.
AI Tokens are separated from Nvidia stocks.
Nvidia stocks closed at $155.09 on June 27, rising 6.66% over five days, with a market capitalization of $3.78 trillion.
Typically, a strong surge related to AI would boost sentiment towards AI Tokens, but the connection seems to have been lost.
AI Tokens no longer reflect the price increase of Nvidia, indicating a new phase in the decoupling process between stocks and Tokens.
With this correlation decline, AI Tokens seem to be more aligned with the general trend of the cryptocurrency market rather than with specific AI companies. Their performance now appears to align more with the dynamics of altcoins rather than Nvidia's growth, suggesting a change in investor behavior.
Source: https://tintucbitcoin.com/ai-token-giam-29-giua-web3-phat-trien/
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