AI Token Strengthens, Market Cap Grows 133%!
Artificial intelligence (AI) and big data-based tokens have recorded significant growth amidst the current crypto market rally, with market capitalization soaring drastically by 133.33% since hitting its lowest point in early August 2024.
According to CoinMarketCap data, the total market capitalization of AI and big data tokens has now reached US$42 billion, accounting for a market share of around 1.36% of the total global crypto market capitalization which is currently worth US$3.08 trillion.
Some of the main tokens that dominate this sector include Near Protocol ($NEAR ), Internet Computer (ICP), Render ($RENDER ), BitTensor ($TAO ), as well as the combined token resulting from the merger of the Artificial Superintelligence Alliance (ASI/FET).
The surge in AI token prices was driven by positive investor sentiment, which strengthened after Donald Trump was re-elected as President of the United States. The pro-crypto policies he implemented fueled optimism towards clearer regulation of digital assets, providing a strong impetus for the growth of this market.