The top 10 crypto assets powered by artificial intelligence (AI) have recorded double-digit declines over the past 30 days, according to the latest data. Despite the downtrend, nine of the top 10 stocks rose last week, with gains ranging from 4% to 30% over seven days.
AI Cryptocurrency Rise After Huge Monthly Losses
The AI-powered crypto economy is currently valued at $23.97 billion, down 3.73% from $24.9 billion recorded on March 21, 2024. Over the past month, each of the top 10 AI crypto assets has fallen significantly. Depends on its value relative to the US dollar.
The biggest decline was in Internet Connected Computers (ICP) at 23.36%. Bittensall (TAO) also reported a significant decline, depreciating by 18.62% against the dollar over the same period. Over the past month, GRT and THETA have fallen by 14.93%, while FET has fallen by 11.11%.
AGIX, WLD, and OCEAN also recorded declines in the 30-day period. But despite these setbacks, nine out of the 10 largest assets made profits last week. ICP is still a laggard, down 1.91% for the week, while TAO is up 10.03%, GRT is up 13.15%, and THETA is up 4.64% over the past 7 days.
The AI virtual currency market is currently down 3.73% from its March 21st valuation, but is up 294.24% from its January 22nd, 2024 valuation of just $6.08 billion.. This volatility in the AI-powered crypto market highlights the inherent volatility of this emerging sector, despite significant growth since the beginning of the year. Ultimately, the future of AI-powered cryptocurrencies will largely depend on broader cryptocurrency market trends and technological advances in AI.