Artificial Intelligence Crypto Assets Continue to Rise, Accounting for a $4 Billion Market Value – Altcoins
After a brief slump in mid-February 2023, artificial intelligence (AI)-powered crypto assets have continued to rally over the past 30 days. Currently, the net worth of all these tokens is from 74 listed AI-focused ones cryptocurrencies has grown to more than $4 billion, accounting for 0.37% of the total value of the crypto economy.
The majority of listed AI cryptocurrencies are posting positive gains over the past month
Artificial intelligence (AI) has been a dominant theme in 2023, leading to a significant increase in the value of AI-focused tokens that year. Bitcoin.com News reported on the rise of these cryptocurrencies in late January, and despite a brief pullback in mid-February, AI crypto assets have continued to rally 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 total crypto market and 1.19% of the smart contract token market. Additionally, the majority of the 74 listed cryptocurrencies related to artificial intelligence have seen positive gains over the past month.
The largest of the AI-focused digital currencies is Graph (GRT) with a current market valuation of approximately $1.42 billion. GRT is up 70.57% against the US dollar over the past 30 days. Singularitynet (AGIX), the second largest AI-centric crypto asset, is up 132.67% this month.
Fetch.ai (FET) is up 53.21%, and Ocean Protocol (OCEAN) is up 7.26% over the 30 days. Iexec rlc (RLC), the fifth largest AI-focused token, is up 6.29% against the US dollar over the past month. The top five AI digital currencies, namely Graph (GRT), Singularitynet (AGIX), fetch.ai (FET), Ocean Protocol (OCEAN), and iexec rlc (RLC), make $2.69 billion, or 67.3 % of AI from $4 billion crypto economy.
Other notable gainers in the AI digital currency market this month include Alethea Artificial Liquid Intelligence Token (ALI), which is up 30.28%; Phoenix Global (PHB), which surged 23.64%; xmon (XMON), up 30.47%; Measurable Data Token (MDT), up 124.97%; and Singularitydao (SDAO), up 121.48%.
As of this writing, the 74 AI-centric digital currencies are up a combined 3.07% against the US dollar over the past 24 hours. However, over the past seven days, the AI digital currency sector has seen its value drop by 4.14%. The trading volume of the AI digital currency market was about $444.39 million in the last day. This number represents 0.8% of the current global trading volume of $55.39 billion over the last 24 hours.
What are your thoughts on the continued growth of AI-focused crypto assets? Do you think these digital currencies will continue to grow significantly in the future? Share your thoughts in the comment section below.
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Source: Crypto News Deutsch