The cryptocurrency market is struggling to enter the weekend stronger. Altcoins are showing a mixed outlook as the leading cryptocurrency Bitcoin hovers around $63,000. However, major AI-related altcoins rose strongly in the past 24 hours. Thus, it outperformed the overall crypto market.
Artificial intelligence-focused altcoins impressed with their performance!
Native cryptocurrencies associated with SingularityNET (AGIX) and Fetch.ai (FET) recorded gains of over 11% and 10% respectively. Thus, major AI-related altcoins have surged in the last 24 hours. Fetch.ai uses artificial intelligence and machine learning to automate business tasks. FET saw an increase of over 19% last week. According to CoinGecko data, the AI token market cap reached $27.9 billion, an increase of over 11% in the last 24 hours. In comparison, today’s global cryptocurrency market cap stands at $2.45 trillion. This means an increase of 2.9% in the last 24 hours.
Among the top ten, only one AI-related token experienced a slight decline. All other bids among the top ten AI tokens have gained over 7% in the last 24 hours. These altcoins have soared, including the native token of Render (RNDR), a decentralized platform that helps artists access computing power to create generative AI artworks. AIOZ is also participating in the daily rally of AI-related tokens. Its price increased by 6% in the past day and traded at $0.86. The price of AIOZ has increased by 30% in the last seven days.
Four AI coins posted double-digit gains in 24 hours
cryptokoin.comAs you can see from , the market has a mixed outlook. Meanwhile, some altcoins are remaining calm while others are witnessing strong gains. Among these, artificial intelligence-focused altcoins attract attention. Four cryptocurrencies in the AI-token top ten posted double-digit gains for the day. Akash Network (AKT) recorded a 19% gain in the last 24 hours. The Graph (GRT)) saw a 14% increase. Golem (GLM) and Arkham (ARKM) experienced a 10% gain during the same period.
In comparison, the Bitcoin price is up over 3% in the last 24 hours. Thus, the leading cryptocurrency rose above the $63,000 level. GM 30 Index, which represents the top 30 cryptocurrencies, increased by 2.79% in the last 24 hours to 131.92. According to CoinGecko data, Bitcoin dominance is at 50.6% and Ethereum dominance is at 14.9%.
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