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The overhyped segment of so-called AI cryptocurrencies performs well amid growing market optimism. One of its representatives even sees its market capitalization entering 10-digit waters.
AI cryptos again outperform market, $3 billion next stop
Today, Oct. 24, 2023, the segment of AI cryptos registered an 11.6% upsurge in aggregated market cap. As such, this class of assets is now valued over $2.92 billion, per data from CoinGecko's cryptocurrency prices tracker.
Amid large-cap and mid-cap cryptocurrencies, Insure DeFi (SURE) and VectorSpace AI (VXV) demonstrated the most impressive gains.
The first cryptocurrency smashed through $100 million in market capitalization, while VXV jumped above $10 million in the last 24 hours.
The marvelous upsurge of AI cryptocurrencies is aligned with the overall increase of crypto capitalization indicators.
As covered by U.Today previously, Bitcoin (BTC) jumped to $35,000 last night. The net crypto market cap increased by 9.8%, while the AI crypto segment is outperfroming with an 11.6% rally.
Injective (INJ) becomes "unicorn," over $1.56 million in shorts liquidated
CoinMarketCap, another large-scale crypto price tracker, indexes large-cap altcoin Injective (INJ) as one more AI cryptocurrency. As covered by U.Today previously, mid-October was particularly bullish for Injective (INJ) in terms of announcements and tech releases.
In total, over the last 24 hours, the INJ price increased by 24% and set a new two-year high. As such, its capitalization exceeded $1.064 billion. Now, the token is the 44th largest crypto by market cap.
During the last trading session, more than $1.77 in INJ/USDT positions were liquidated; short positions are responsible for 90% of this sum.
Graph (GRT) and Render (RNDR) are also performing well in the AI crypto segment in the last 24 hours.