😱🤖Artificial intelligence tokens are pumped: They are already ready for the bull!👾🔥
The market value of the artificial intelligence category increased by 79.7 percent in the last week, leaving its mark on the sector.
On August 6, the total market value of the artificial intelligence (#AI ) category was seen at $18.21 billion due to the sharp decline in BTC. BTC, which was around $50,000 at that time, had destroyed the altcoin market. However, the admirals of cryptocurrencies that rose later created a doping effect on artificial intelligence coins. The market value of the AI category attracted attention by increasing by 79.7 percent in just three weeks.
Artificial intelligence tokens quickly adapted to the rise in Bitcoin According to CoinMarketCap systems, the market value of AI-based cryptocurrencies, which rose during the recovery in Bitcoin, reached $38 billion on August 25.
As of August 27, the largest AI tokens in terms of market value include Near Protocol (#NEAR ) with a value of $5.5 billion, Internet Computer with a value of $3.8 billion, Artificial Super Intelligence Alliance (#FET ) with a value of $3.4 billion, and Bittensor (#TAO ) with a value of $2.8 billion.
During this period, the market is experiencing negative negative effects due to the presence of high volatility. The Crypto Fear and Greed Index has reached “extreme fear” levels. The Fear and Greed Index, which aims to change the characteristics of crypto investors, has become a frequently preferred indicator, especially in times of decline. In addition, onchain analysis platform Lookonchain observed a great movement in FET in its X post dated August 26 and drew attention to many whale transactions.
