Artificial Intelligence Crypto Assets Continue to Surge, Accounting for $4 Billion in Market Value

Artificial Intelligence Crypto Assets Continue to Surge, Accounting for $4 Billion in Market Value

Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to see gains over the last 30 days. Currently, out of 74 listed AI-focused cryptocurrencies, the net value of all these tokens has risen to more than $4 billion, which accounts for 0.37% of the entire crypto economy’s value.

Majority of Listed AI Cryptocurrencies See Positive Gains Over Last Month

Artificial intelligence (AI) has been a dominant theme in 2023, resulting in a significant surge in the value of AI-focused tokens this year. Bitcoin.com News reported on the rise of these cryptocurrencies at the end of January, and despite a brief pullback in mid-February, AI crypto assets have continued to see gains throughout the month.

According to data from cryptoslate.com, 74 AI-centric digital currencies are now worth $4.03 billion, accounting for 0.37% of the overall crypto market and 1.19% of the smart contract token market. Moreover, the majority of the 74 listed cryptocurrencies associated with artificial intelligence have experienced positive gains in the last month.

Artificial Intelligence Crypto Assets Continue to Surge, Accounting for $4 Billion in Market Value

The largest of the AI-focused digital currencies is graph (GRT), with a current market valuation of approximately $1.42 billion. GRT has increased 70.57% against the U.S. dollar in the last 30 days. Singularitynet (AGIX), the second-largest AI-centric crypto asset, has surged 132.67% this month.

Fetch.ai (FET) has risen by 53.21%, and ocean protocol (OCEAN) is up 7.26% in the 30-day period. Iexec rlc (RLC), the fifth-largest AI-focused token, increased 6.29% against the U.S. dollar last month. The top five AI digital currencies, namely graph (GRT), singularitynet (AGIX), fetch.ai (FET), ocean protocol (OCEAN), and iexec rlc (RLC), account for $2.69 billion, or 67.3%, of the AI-crypto economy’s $4 billion.

Other notable gainers in the AI digital currency market this month include alethea artificial liquid intelligence token (ALI), which increased 30.28%; phoenix global (PHB), which swelled by 23.64%; xmon (XMON), which jumped 30.47%; measurable data token (MDT), which spiked 124.97%; and singularitydao (SDAO), increased by 121.48%.

As of writing, the 74 AI-centric digital currencies have collectively risen 3.07% against the U.S. dollar in the last 24 hours. However, in the last seven days, the AI digital currency sector has experienced a 4.14% decline in value. The AI digital currency market’s trading volume in the last day was approximately $444.39 million. This figure represents 0.8% of the current $55.39 billion global trade volume in the last 24 hours.

What are your thoughts on the continued growth of AI-focused crypto assets? Do you believe these digital currencies will continue to see significant gains in the future? Share your opinions in the comments section below.



from Bitcoin News https://ift.tt/n9HOk7Y

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