Artificial intelligence (AI)-based cryptocurrencies have lost almost a third of their total value. As of December 28, their market capitalization stood at $50.5 billion. This is 28% lower than the peak of $70.4 billion recorded on December 7, 2024.

The total trading volume of AI tokens has also decreased. Over the past month, this figure has fallen by almost 11% to $4.73 billion. This indicates that traders have lost interest in this category of cryptocurrencies.

The decline in the capitalization of AI tokens began against the backdrop of a broader decline in the cryptocurrency market, resulting in the price of bitcoin dropping more than 14% from the peak of $108,000.

Many crypto analysts believe that AI-based assets will recover during the altcoin season, which may begin as early as the first quarter of 2025. This was stated by a popular crypto trader known by the nickname Eldja, basing his forecast on fractal models.