AI-Tokens Have Lost Their Track: NEAR, INJ & RNDR Price Face Significant Drop

The interest in the AI-tokens appears to have faded to a large extent as the major tokens are failing to gain the trader's attention

AI tokens, which include NEAR, INJ, and RNDR, have seen a significant drop in prices over the past few days, withINJ and RNDR dropping by over 20%. This comes after a strong rally earlier in the year, which saw these tokens surge by over 100%.

The recent pullback in AI tokens could be due to a number of factors, including profit-taking by traders after the strong rally. Additionally, the recent downturn in the broader crypto market, which has seen Bitcoin and Ethereum prices decline, may also be impacting these tokens.

Despite the recent pullback, AI tokens have still outperformed the broader crypto market year-to-date. NEAR, INJ, and RNDR are up by over 200%, 100%, and 50%, respectively, compared to a gain of around 20% by Bitcoin and Ethereum.

With AI continuing to be one of the hottest themes in tech and finance, these tokens could still be on traders’ radars in the coming weeks.

The above is the detailed content of AI-Tokens Have Lost Their Track: NEAR, INJ & RNDR Price Face Significant Drop. For more information, please follow other related articles on the PHP Chinese website!