AI Tokens Soar in Weekly Trading Volume: RENDER, TAO & WLD Lead

According to the recent market analysis by the Phoenix Group, some AI tokens like $RENDER, $TAO, and $WLD are leading the charts. This report gives information on last week’s trading activity of AI-related cryptos. The observed general summary of Phoenix Group indicates the rising dominance of certain tokens and the fluctuations in their price and market capitalization.

A Leader Emerges: $RENDER Tops the Chart

At the top of this list is $RENDER, with a weekly volume of $2.20B. However, despite its significant trading volume, $RENDER has seen a 14.2% decline in price over the past seven days. Its market capitalization is $2.8 billion and remains an influential participant, but fluctuations are still evident.

$TAO and $WLD Close Behind

Well behind $RENDER are $TAO and $WLD, trading at a weekly turnover of $1.82B and $1.81B, respectively.

$TAO saw a notable 5.9% gain in price, and its overall market value is $4.1B, which is the largest here. This means investors are confident due to the greater adoption of solutions and integration with other systems.

$WLD has struggled with a 5.9% price drop that may be well attributed to overall market fluctuations. While currently ranking lower with its market cap at $941.4M, its trading volume far exceeds the trading volume of $TAO, suggesting continuous interest of the crypto users.

$FET and IO: Mid-Range Performers

$FET and $IO, with weekly turnovers of $1.61B and $370M, respectively, are mid-range performers with respect to weekly trading volume.

Seemingly, $FET is among the best-performing tokens in the decentralized machine learning and AI space, but in the last week, the price fell by 11.9% to a $3.5B market cap.

$IO is one of the less familiar yet fast-developing AI tokens that lost 14.6% in this week’s trading and has a relatively tiny market value of $167.5M only. Considering its weekly trading volumes, it can be seen that $IO is being traded and accepted by investors.

AI-Powered Tokens in the Lower Tiers: AI, $GRT, and Others

$AI has a weekly trading volume of $292M and has dropped 18.6% in price in the last seven days. It currently has a market capitalization of $91.3M.

$GRT, an AI and blockchain solution that boasts a weekly volume of $262M, is down in price by 12.5% and now has a market cap of $1.5B. It is often used to index and query data from blockchains.

One of the largest volume declines of 14.5% was observed in $ATH, which had a volume of $233M. Meanwhile, $NFP also depicted a 14.9% price decline, with a weekly trading volume of $91.7M. Both tokens are participating in new AI applications.

Smaller AI Tokens Show Potential: AGI, MASA, $AKT, and TAI

Towards the end of the list, several smaller tokens are gaining momentum, albeit with varying levels of success:

AGI, which has a $71M volume, has dropped by 5.4% but is still an important token in the AI sector.

MASA ($53.3M) and $AKT ($41.9M) have had their prices fall by 9.8% and 14.8% respectively. $TAI and $NMR have dropped in price even more severely, with weekly volumes of $34.6M and $32.5M, respectively.

The outlook for all of these tokens will certainly stay as one of the most innovative kinds of financial tools as Artificial Intelligence links with the blockchain.