Among the leading AI tokens, $NEAR Protocol (NEAR) has seen the steepest decline of 19% over the past seven days, trading at $4.65 at the time of writing. Other leading tokens that previously showed the best returns, Bitensor ($TAO ) and Internet Computer ($ICP ), have lost 8.4% and 15.6% over the same period, trading at $502.92 and $7.99, respectively. The trend is seen across all leading coins, with #RENDER (RNDR) and Artificial Superintelligence Alliance (FET) down 17.1% and 16.8%, trading at $5.27 and $1.4. Historically, October has been considered a period of strong growth and stability, but 2024 has broken this pattern. trend, since the decline is observed not only in the AI segment, but also in the broader crypto market, which is explained by the escalation of the conflict in the Middle East. Thus, at the beginning of the month, the cost of Bitcoin instantly dropped to $ 60,000. This happened after Iran launched about 180 missiles at Israel. Then, in one day, positions worth $ 526.61 million were liquidated, of which $ 453.14 million were long positions.
0 people tipped the creator.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.