AI Tokens Gain Strength, Market Cap Grows 133%!

Tokens based on artificial intelligence (AI) and big data have seen significant growth amid the current crypto market rally, with the market cap soaring by a whopping 133.33% since hitting its lowest point in early August 2024.

According to data from CoinMarketCap, the total market cap of AI and big data tokens has now reached $42 billion, representing a market share of around 1.36% of the total global crypto market cap, which is currently worth $3.08 trillion.

Some of the major tokens dominating 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 Super Intelligence 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 regarding clearer regulation of digital assets, providing a strong impetus for the growth of this market.