In the past week, the cryptocurrency economy has grown, with the AI sector of cryptocurrency increasing by 6% and surpassing $32 billion.
The AI Cryptocurrency Market Surpasses the Hype Phase
Digital tokens related to AI, combining blockchain technology with AI, also increased by 4.94% on the day. These coins typically support AI-based platforms, including everything from payments for AI services to rewarding participants, operating decentralized AI markets, and in some cases, being initiated by AI itself.
This week, all ten leading AI coins have increased in price, with each coin experiencing a daily rise. Bittensor (TAO) holds the number one position in market capitalization at $371.49 per coin, up 5.47% in 24 hours and maintaining a market value of over $3.56 billion. NEAR follows with a 4.88% increase to $2.68, while Internet Computer (ICP) rose 2.98% to $5.37.
Render (RNDR) increased by 5.4%, while Story (IP) stood out with a daily increase of 13.87%, achieving an impressive monthly increase of 113.02%. The Superlative AI Alliance (FET) rose by 4.6%, Injective (INJ) added 6.02% to extend its monthly gain to 27.49%, Fartcoin surged by 8.29% despite a month-long decline, and The Graph (GRT) edged up by 0.18%.
The Virtuals Protocol (VIRTUAL) advanced by 6.66% on the day, although it is down 16.82% this month. The recent rise in AI cryptocurrency assets indicates an increasing curiosity among investors about combining AI with blockchain and digital assets. This synergy of innovation and market interest could pave the way for a deeper role of AI in decentralized ecosystems, affecting how these tokens are valued and used. Or, just as easily, they could merely be hype that later turns into a note in the digital void.
