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Artificial Intelligence and Big Data are making a comeback in the cryptocurrency market

According to CryptoPotato, the cryptocurrency market is experiencing a recovery in many sectors. Artificial intelligence (AI), big data, liquid storage, and decentralized finance (DeFi) projects saw the most significant gains last week. Artificial Intelligence and Big Data, which includes 100 projects, topped the chart with an increase of 8.65%, according to the latest analysis by blockchain intelligence platform Santiment. The collective market value of AI and Big Data is now $39.3 billion.

Liquid Stake, which includes 17 projects, also showed promising growth, recording a rise of 8.12% over the past seven days. Its market capitalization has risen to $43 billion, indicating a growing trend in staking mechanisms amid a market-wide recovery. The DeFi sector, which includes 477 projects worth $111.9 billion, took third place on Santiment's list with an increase of 7.76% over the same period.

Other sectors also witnessed growth last week. This includes 85 Tier 1 projects that collectively saw their market cap rise 7.19% to more than $783 billion. The ERC-20 sector, which is worth $708 billion and includes 988 projects, saw its combined market capitalization increase by 6%.8% over the past week.