In just one day, the market cap of industry heavyweights Fetch.ai (FET) and Render (RNDR) increased by 9.8 and 12.9 percent, respectively.
The increase in assets every week is more remarkable. The asset’s market supply is $4.48 billion, and RNDR quotes have surged by over 50%. With a 19% increase in only seven days, the FET indicator is now at $5.9 billion.
Not a single stock in the top 30 fell more than 1.4% during that time, with Bittensor (TAO) being the only exception.
The segment of tokens related to artificial intelligence saw a capitalization increase of 11% per day, reaching $27.9 billion. The total market value of cryptocurrencies increased to $2.45 trillion, a mere 2.9% growth.
March saw an average price increase of about 260% for AI tokens since the beginning of the year, according to experts at CoinGecko. This, according to analysts, was due to all the excitement surrounding companies working on neural networks. The price movement was mainly caused by the launch of OpenAI’s Sora model in February and the rise of Nvidia shares.
The market leader in that space was TAO, which had a valuation of around $4.4 billion back then. The figure had fallen 36.4% in the past 30 days, to $2.6 billion as of this writing.
After a week-over-week price increase of 23.5% for The Graph (GRT), the asset fell to third place in the ranking.
Akash Network (AKT) had the most impressive daily dynamics, increasing by 19%, compared to the other major tokens in the segment.
The price of bitcoin increased by 3.3% in just one day, and it is now trading at $63,000. Quotes for this price point were last seen on May 4. Half of all cryptocurrency market capitalization—more than $1.24 trillion—is attributable to the first coin.
We would like to bring to your attention the fact that according to CoinGecko, the most popular sectors of the digital asset market by the end of 2023 will be AI, GameFi, and meme tokens.