Artificial Intelligence (AI) Cryptocurrencies Have Soared More Than 500% This Year

7 months ago · Updated 7 months ago

✍️ 3 January, 2024 - 17:29 👤 Editor: Jakub Motyka

The AI-focused cryptocurrency market has grown 540% in less than a year, reaching a market value of $7 billion.
Tokens such as The Graph (GRT), Fetch.ai (FET), SingularityNET (AGIX) or Ocean Protocol (OCEAN) have experienced substantial growth.

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The crypto sector dedicated to artificial intelligence (AI) has experienced explosive growth this year, with an expansion of 540% in 2023, reaching a market capitalization of 7 billion dollars.

Considering that the market value of artificial intelligence (AI) cryptocurrencies was only 1.1 billion dollars on 9 January 2023, this increase is notable. In the last month alone, since November 29, 2023, the market capitalization of AI-focused crypto assets increased by $1.75 billion.

The AI Crypto Market Does Not Stop Growing: Fetch.ai (FET), Leading In Market Capitalization

Among the leading tokens in the AI space, The Graph (GRT) stands out with a market valuation of $2 billion, experiencing an increase of 40% in the last month. Other tokens such as Fetch.ai (FET), SingularityNET (AGIX) and Ocean Protocol (OCEAN) also recorded significant growth.

According to the list of Top cryptocurrencies on AI from CoinMarketCap, right now by market capitalization the ranking is like this:

Fetch.ai (FET), with around 600 million dollars.

SingularityNET (AGIX), with around 415 million dollars.
Numeraire (NMR), with around 130 million dollars.
DeepBrain Chain (DBC), with around 7 million dollars.

DxChain Token (DX), with around 5 million dollars.

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