TAO Led AI-Focused Crypto Sector Expands By USD 2 Billion
The AI-focused crypto sector has expanded by USD 2 billion registering significant gains with the expansion of its value in less than two weeks. The recent market data reveals the Bittensor (TAO) token leading the growth. It is the same token that increased by 86.5% in the last fortnight.
Top Six AI Tokens Register Double-Digit Percentage Growth
The past month has been quite remarkable for the AI-focused crypto sector due to the impressive growth. The top six AI tokens have all registered double-digit percentage expansions. TAO is the leader of the pack, with a striking 207% rise in the last 30 days. Fetch (FET) has climbed by 46.34%, and Covalent (CQT) is up 41.91% against the US dollar during the same period.
The Graph (GRT) has registered a 35% increase, while Singularitynet (AGIX) gained 28% in its value in the past month. The valuation of the AI-focused crypto economy stood at USD 3.32 billion 12 days ago, on November 17, 2023. This was a significant recovery from previous levels, which was achieved in three months with the addition of about USD 720 million from its end-of-July low of USD 2.6 billion.
USD 1.97 Billion Expansion In The Last 12 Days
The sector has expanded by an astounding USD 1.97 billion in the last 12 days. This remarkable growth is largely attributed to TAO, which has expanded from a market value of USD 329 million on October 29 to USD 1.297 billion as of today. Cortex (CTXC) also emerged as a significant player in the AI-focused arena, climbing up from the 17th to the 11th rank in terms of market capitalization.
The market value of CTXC has expanded from USD 37 million to the current USD 90.62 million, following a 194.12% surge in the past month. However, not all AI-focused cryptocurrencies have performed well during the same period. GOC, XMON, NEURONI, ARCONA, AMC, DX, XRT, and ALI all recorded double-digit falls during the past 30 days.
What is your take on the AI crypto sector’s recent expansion? Please share your thoughts and opinions in the comments section below.
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