Key Points
- Big data and AI tokens are seeing significant growth as investors shift focus to altcoins.
- Five leading cryptocurrencies in this category have reported double-digit growth, led by Fetch.ai (FET).
Big data and AI-based tokens are gaining traction in the market as investor interest shifts towards altcoins. This positive market sentiment is reflected in the significant growth of these tokens.
Growth of AI and Big Data Tokens
Fetch.ai (FET) tops the list of these high-performing tokens, having seen a 38.26% increase in value over the past 24 hours. It is currently trading at $2.74, and its market capitalization has soared to $2.28 billion, making it the 50th largest digital currency.
Render (RNDR) is another token that has seen substantial growth, recording a 37% gain over the past day. It is currently trading at $10.04. Similarly, the native token of Near Protocol, NEAR, has risen by 35.37% in the past 24 hours and is currently trading at $5.73.
Other Notable Tokens
SingularityNET (AGIX) has secured the fourth spot on the list, having surged by 25.91% over the past day. It is currently trading at $1.15. The native token of the Akash Network, AKT, has also seen significant growth with a 17.22% increase in 24 hours. AKT is currently trading at $5.26, with a total market cap of $1.2 billion.
This surge in AI tokens’ prices comes as investors are increasingly focusing on altcoins. Big data and AI cryptos have seen a 15.5% increase in total market cap, which now stands at $37.36 billion. Meanwhile, the global crypto market cap has seen a modest 0.6% increase in the past 24 hours, and currently stands at $2.5 trillion.
However, the dominance of Bitcoin (BTC) has slightly declined from 50.1% to 49.7% over the past day, indicating that investors are accumulating more altcoins than the flagship digital currency.
