AI crypto tokens face mixed performance in market

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Grafa2024/11/18 20:00

By:Mahathir Bayena

The artificial intelligence (AI)-focused crypto sector has seen mixed results in recent weeks, placing it 18th out of 22 crypto sectors in market performance, according to Artemis Terminal data as of November 16, 2024.

The total market valuation of AI-based crypto tokens is $33.2 billion, encompassing 141 distinct tokens.

Over the past 30 days, some AI tokens showed gains while others declined.

Near protocol (CRYPTO:NEAR) increased by 16.3%, and Internet Computer (CRYPTO:ICP) rose 18.44%.

The Graph (CRYPTO:GRT) and Theta (CRYPTO:THETA) also recorded positive movements of 20.75% and 17.21%, respectively, while World Coin (CRYPTO:WLD) noted a smaller 1.01% increase.

Conversely, some tokens experienced declines.

Bittensor (CRYPTO:TAO) fell by 10.15%, and Artificial Superintelligence Alliance (CRYPTO:FET) saw a decrease of 7.05%.

ACT, developed by researcher Andy Ayrey, dropped 16.36% in one day but reported a substantial increase of 2,664% over the past week.

Virtual Protocol (CRYPTO:VIRTUAL) stood out with a 382% rise since October 17.

Other tokens faced more significant declines, with synesis one (SNS) recording the largest drop at 55.91% for the month, followed by PAAL AI (CRYPTO:PAAL) with a 38.91% decrease.

Additional tokens like GTAI, AITECH, XRT, MAN, OORT, and SDAO posted losses ranging from 19.24% to 26.17%.

The varied performance within the AI-focused crypto sector reflects its current stage of growth and adaptation.

While certain tokens demonstrated positive trends, the sector overall showed lagging progress compared to others.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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