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Big data and artificial intelligence (AI) tokens have gained momentum as investors shift focus to altcoins amid bullish market sentiment.
According to data provided by CoinMarketCap (CMC), the top five gainers among the leading 100 cryptocurrencies are from the big data and AI category with double-digit growths.
Fetch.ai (FET) is leading the list with a 38.26% rise over the past 24 hours and is trading at $2.74 at the time of writing. The asset’s market cap surged to $2.28 billion, making it the 50th-largest digital currency.
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Quite similarly, Render (RNDR) recorded 37% gains over the past day and is trading at $10.04 at the reporting time. The native token of Near Protocol, NEAR, also rose by 35.37% in the past 24 hours and is currently trading at $5.73.
SingularityNET (AGIX) gained the fourth spot on the list with a 25.91% surge over the past day and is changing hands at $1.15 at the time of writing.
The native token of the Akash Network, AKT, could easily make it to this list with 17.22% gains in 24 hours. AKT is currently trading at $5.26 with a total market cap of $1.2 billion.
The surge in AI tokens’ prices comes as investors shift focus to altcoins — big data and AI cryptos registered a 15.5% increase in total market cap, hovering at $37.36 billion. The global crypto market cap increased by 0.6% in the past 24 hours and is currently sitting at $2.5 trillion, per CMC data.
However, Bitcoin’s (BTC) dominance declined from 50.1% to 49.7% over the past day. This shows that investors have accumulated more altcoins than the flagship digital currency.
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