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According to the latest data, the top ten artificial intelligence (AI)-based crypto assets have experienced double-digit declines over the last 30 days. Despite the downward trend, nine out of the top ten saw a recovery this past week, recording gains ranging from 4% to 30% within seven days.
AI Cryptos Rise After Suffering Heavy Monthly Losses
As of now, the AI-crypto economy holds a value of $23.97 billion, marking a 3.73% decrease from the $24.9 billion noted on March 21, 2024. Over the past month, each of the top ten AI crypto assets has registered substantial declines in value against the U.S. dollar.
Internet computer (ICP) experienced the sharpest drop, with a 23.36% decrease. Bittensor (TAO) recorded the next significant fall, dipping 18.62% against the dollar over the same period. The Graph (GRT) and Theta (THETA) each decreased by 14.93%, while Fetch (FET) saw an 11.11% reduction over the past month.
AGIX, WLD, and OCEAN also posted declines over the 30-day timeframe. However, despite these setbacks, nine out of the top ten assets managed to achieve gains in the last week. ICP still lagged with a 1.91% decrease over the week, while TAO climbed by 10.03%, GRT improved by 13.15%, and THETA increased by 4.64% in the past seven days.
Although the AI-crypto market is currently down 3.73% from its valuation on March 21, it has surged 294.24% since Jan. 22, 2024, when it was valued at just $6.08 billion. This fluctuation in the AI-crypto market underscores the inherent volatility of this nascent sector, despite its significant year-to-date gains. Ultimately, the future of AI-driven cryptocurrencies will depend heavily on broader crypto market dynamics and the technological advancements in AI.
What do you think about the crypto AI sector’s performance this month? Let us know what you think about this subject in the comments section below.