3 Crypto Stories to Watch This Week

Smart tokens like TAO (+61%), FET (+71%), and VIRTUAL ($3.3B market cap) are leading the narrative in crypto AI, attracting strong investor interest.

AI, perpetual contracts, and trading bots are three major crypto narratives to watch this week. AI-focused tokens like TAO and FET are up 61% and 71%, while VIRTUAL has reached a market cap of $3.3B, making it the second-largest AI token.

Perpetual contracts are also gaining momentum, with Hyperliquid driving $98B in weekly DEX trading volume and its token HYPE becoming a top 20 cryptocurrency. Meanwhile, trading bots like Trojan, Banana, and Bonkbot are recording hundreds of millions in weekly trading volume, positioning tokens like BANANA and BONK for additional gains if the trend continues.

Artificial Intelligence

Artificial intelligence has emerged as one of the most prominent narratives in cryptocurrencies throughout 2024, with several AI-focused tokens making significant price gains and market milestones. Tokens like TAO and FET saw impressive increases of 61% and 71%, respectively, demonstrating strong investor interest.