The latest data reveals that the top ten crypto assets based on artificial intelligence (AI) have seen significant drops in value over the past 30 days. However, in a positive turn of events, nine out of the top ten have experienced a recovery this week, with gains ranging from 4% to 30% within seven days.
Following heavy monthly losses, the AI-crypto economy currently holds a value of $23.97 billion, marking a decrease of 3.73% compared to the $24.9 billion recorded on March 21, 2024. Each of the top ten AI crypto assets has witnessed substantial declines in value against the U.S. dollar over the past month.
Among the top performers, Internet computer (ICP) suffered the sharpest drop with a decrease of 23.36%. Bittensor (TAO) followed closely with a significant fall of 18.62% against the dollar over the same period. The Graph (GRT) and Theta (THETA) saw decreases of 14.93%, while Fetch (FET) experienced an 11.11% reduction in value over the past month.
Despite setbacks, AGIX, WLD, and OCEAN also posted declines over the 30-day timeframe. However, in the last week, nine out of the top ten assets managed to achieve gains. ICP still lagged with a 1.91% decrease, while TAO climbed by 10.03%, GRT improved by 13.15%, and THETA increased by 4.64% within the past seven days.
The AI-crypto market is currently down 3.73% from its valuation on March 21, but it has surged by 294.24% since January 22, 2024, when it was valued at just $6.08 billion. This fluctuation in the AI-crypto market highlights the inherent volatility of this emerging sector, despite its significant year-to-date gains. Ultimately, the future of AI-driven cryptocurrencies will heavily rely on broader crypto market dynamics and advancements in AI technology.
What are your thoughts on the performance of the crypto AI sector this month? Share your opinions in the comments section below.
