NEAR and ICP Excellent Performances in the Crypto Market Served as a Major Factor Behind the Recent Growth of the AI Tokens Sector
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- 2024-07-20 01:23:41776browse
According to CoinGecko data, the valuation of these AI tokens increased to over $29 billion at one point. In this article, we will explore how NEAR and ICP contributed to this massive growth in value.
The AI tokens sector within the crypto market has experienced a surge in valuation, moving from less than $15 billion to over $29 billion recently.
According to data from CoinGecko, the trading volume of AI tokens has also seen an uptick, reaching $1.3 billion. This surge in interest is largely attributed to the impressive performances of NEAR and ICP in the crypto market.
Both NEAR and ICP have seen significant inflows of資金 into their respective ecosystems, contributing to the growth of the AI tokens sector.
As mentioned earlier, Near Protocol (NEAR) has seen a massive $6 billion addition to its market valuation. This surge in資金 is likely driven by the strong performance of NEAR, which has become one of the most profitable tokens in the crypto market.
According to data from CoinMarketCap, NEAR began the week at a price of around $4.6, which later increased to a peak of $6.5. This price appreciation, coupled with the token’s上涨 in market valuation, has had a positive effect on the broader AI tokens sector.
Moreover, Internet Computer (ICP) also joined the league of cryptocurrencies that sparked traders’ interest in AI tokens. The second cryptocurrency on our list saw a $4 billion addition to its market valuation.
This is despite the fact that ICP had less than $3.5 billion a week ago. However, the cryptocurrency encountered a surge in資金, which is evident from its market cap rising to $4.9 billion. This seems to be نتيجة of the Bitcoin price increase, which had a positive effect on the broader crypto market.
In the past seven days, ICP recorded over 20% growth in price, moving from its lowest price of $6.7 to over $10.5. However, despite this growth, the cryptocurrency experienced a massive decrease of over 29% in the last 3 months. Additionally, the YTD growth is also negative with over 25%.
Overall, the AI tokens sector within the crypto market has seen a rapid growth, with several tokens making major contributions to this surge. Already, we mentioned Near Protocol and ICP as two of the leading candidates. However, other tokens like FET and Render are also playing a key role in the recent growth, with $3 billion and $2.5 billion market cap, respectively. Other important mentions include BitTensor, The Graph, Akash Network, and AIOZ Network.
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