CDS Crypto News In 2024, AI Coins Showcase Impressive Returns: A Comparative Analysis with Meme Coins
Crypto News

In 2024, AI Coins Showcase Impressive Returns: A Comparative Analysis with Meme Coins

As of now, the market capitalization of Artificial Intelligence (AI) coins totals $20 billion, reflecting a 7.8% change within the last 24 hours.

211
In 2024, AI Coins Showcase Impressive Returns: A Comparative Analysis with Meme Coins

Crypto News– In 2024, AI-related coins have showcased remarkable performance, with their combined returns surging by 76% since the beginning of the year.

In 2024, AI Coins Showcase Impressive Returns: A Comparative Analysis with Meme Coins

Today, the Artificial Intelligence (AI) coins market experienced a 7% increase, pushing the market cap to $19.8 billion within the past 24 hours. Notably, tokens like Worldcoin, Fetch.AI, and SingularityNET have witnessed significant surges in recent weeks, contributing to the bullish trend within the AI-based coin market. Many of these tokens have recorded double-digit gains during this period.

Worldcoin, which aims to establish an extensive identity and financial network reaching a billion users, has seen its WLD token undergo an impressive bull run over the last four weeks, soaring by 222%. The AI coin reached a new all-time high of $9.449 on February 25. However, this momentum was temporarily halted by Elon Musk’s recent lawsuit against OpenAI.

Meanwhile, SingularityNET’s AGIX token is steadily approaching the $1 mark in the weekly chart, marking the fifth consecutive week of positive growth. The coin has surged by 218.5% over the last month, trading at $0.85 presently.

Fetch.AI’s FET is also experiencing a significant bullish trend, currently trading at its all-time high of $1.66 on March 1. Notably, Fetch.AI has witnessed a remarkable 191% increase over the last month.

According to data from CoinGecko, the leading gainers among AI coins include Balance AI, Octavia, and Chacedot, recording gains of 31.1%, 36.8%, and 26.4%, respectively, within the last day.

The surge in AI coins has been attributed to the launch of OpenAI’s Sora and the announcement of proposed multi-trillion dollar raises by Sam Altman.

NVIDIA’s earnings have also surpassed expectations, resulting in a substantial addition of $272 billion to its market value within a single day. Given NVIDIA’s pivotal role in AI development through chip production, this success has positively influenced the AI crypto market.

In 2024, AI Coins Showcase Impressive Returns: A Comparative Analysis with Meme Coins

Leave a comment

Leave a Reply

Related Articles

Ethereum White Paper Anniversary: From Concept to Global Smart Contract Platform

Ethereum White Paper Anniversary: From Concept to Global Smart Contract Platform

Bitcoin Liquidations Spike: Over $150M in Longs Wiped Out as Price Slides

Bitcoin Liquidations Spike: Over $150M in Longs Wiped Out as Price Slides

Memecoins Explained: The Intersection of Internet Culture and Crypto

Binance Research's report analyzes the rise of memecoins, highlighting their cultural impact,...

ETH Price Faces Challenges Amid ETF Outflows

Ethereum (ETH) struggles to maintain price above $2,500 amid ETF outflows and...