đ The crypto market has just experienced a sharp decline as AI and big data related tokens lost $4.69 billion in market capitalization in 3 days.
đ From $38.82 billion on September 30, the market fell to $34.13 billion on October 3, raising questions about the "UPtober" trend that many investors expected.
đ This October seems to be an "Octo-bear" instead of the expected "UPtober".
đ AI and big data tokens fell sharply:
- Near Protocol (NEAR) decreased by 14.88% in the past 7 days, current price is $4.61.
- Bitensor (TAO) decreased by 9.37%, Internet Computer (ICP) decreased by 13.35%.
- Render (RNDR) down 13.64%, Artificial Superintelligence Alliance (FET) down 16.68%.
đ The crypto market as a whole is also down due to geopolitical factors, regulatory challenges, and macroeconomic concerns.
đ Still, AI tokens are doing much better than they were in July when their market cap was just around $20 billion. They have increased by over $13 billion in 3 months, slightly reducing recent losses.
đĄ The long-term forecast for BTC in Q4 and early 2025 remains positive, but there may be short-term volatility in October.
đ What do you think about this situation? Comment now! đŹ
