Artificial intelligence coins accelerated their upward momentum with Bitcoin (#BTC ) exceeding $92,000.
Artificial intelligence (AI) coins recorded a 131.4 percent increase in their market value on June 8, compared to the bottom. According to market data, on November 19, the total market value of coins operating in the field of artificial intelligence increased to $42.1 billion, led by Near Protocol (#NEAR ), Internet Computer (#ICP ) and Render (#RENDER ).
Artificial intelligence trend emerges in the foreground
Contrary to the current salvation, AI coins experienced a sharp decline in the first half of 2024. The market value of AI coins, which broke a record of $45 billion on March 15, fell to $18.2 billion on June 8. However, in the next six months, the AI coins market made a comeback to regain a market value of 42.1 billion.
In addition to the projects mentioned above, AI coins with a market value of over $1 million include Bittensor, Artificial Super Intelligence Alliance, Injective, The Graph, Theta Network and Akash Network. The sharp rise of cryptocurrencies in this area may further strengthen the trend of togetherness. In this process, the performance of many trends, especially memecoins, will be important.
For example, the increasing craze for memecoins may lead to an entry into AI coins. However, if other trends come to the fore, there may be declines in AI-based coins. Crypto investors should consider these factors.
