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AI Crypto Tokens Explode Higher as Market Rally Gains Momentum - Crypto Economy
Data from CoinGecko reveals that this Friday, tokens in the AI segment recorded a performance superior to the general market. The AI sector’s market capitalization increased by 5% over the last 24 hours, reaching $15.1 billion. Among the top-gaining cryptocurrencies are Bittensor’s TAO, which rose nearly 9%, and Artificial Superintelligence Alliance’s FET, with an 8% surge.
The momentum behind this rally began earlier this week following bullish remarks from Nvidia CEO Jensen Huang, who compared the development of AI to the historic impact of electrification. Huang’s words fostered positive sentiment among investors toward these assets, viewing AI as a fundamental infrastructure of the modern world. The rise in AI tokens occurs amidst a gradual improvement in crypto sentiment, following Bitcoin’s all-time high reached today.
In summary, the cryptocurrency market is experiencing renewed interest in AI tokens, with projects like RENDER and Venice AI’s VVV recording gains of 11% and 15%, respectively. The next step for the sector will be to consolidate these gains and further integrate with traditional technological solutions.
Source:https://www.coingecko.com/en/categories/artificial-intelligence
Disclaimer: Crypto Economy’s Flash News is compiled from official and verified public sources by our editorial team. Its purpose is to provide quick information on relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We always recommend verifying the official channels of each project before making related decisions.