Downturn Hits AI Crypto Market
The AI-focused cryptocurrency market has experienced significant value reductions in the past few months, resulting in a decline in its overall worth.
- Since February 27, 2023, the AI crypto economy has lost $1 billion in value.
- An additional $420 million has been shed from the AI-focused crypto coin market.
- The top ten AI-focused crypto assets have recorded losses over the last week.
- Graph (GRT) and singularitynet (AGIX) dropped by 4.97% and 7.99%, respectively.
- Ocean protocol (OCEAN) registered the largest loss among the top ten AI tokens with a decline of 13.7%.
The combined value of all 89 AI-centric crypto tokens declined by 2.85% over the past day and 5.73% within the previous week. The AI-based coin sector has witnessed $309 million in global trade volume in the last 24 hours. The top three AI-driven crypto tokens by gains were blockbank (BBANK), idena (IDNA), and ai meta club (AMC), with increases ranging from 46% to 218% during this week.
Hot Take:
The AI crypto market has experienced a downturn, resulting in significant losses for investors. It is important for crypto readers to stay informed about market trends and fluctuations to make informed investment decisions. While some AI tokens have experienced gains, the overall trend has been a decline in value. It remains to be seen how the market will recover and whether AI-focused crypto assets can regain their previous worth.
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