As Bitcoin stabilizes near $64,000, there’s a noticeable shift in crypto trends. Artificial Intelligence (AI) tokens like Bittensor (TAO), Arkham (ARKM), and Internet Computer (ICP) are now outperforming meme coins, marking a shift in investor focus. These AI tokens are not only showing strong market performance but also driving technological innovation in blockchain, suggesting a maturing market that is increasingly geared towards innovation and practical applications.
In the past 24 hours, the market capitalization of AI tokens surged by over 10%, reaching an impressive $30 billion. Leading the charge, Arkham has seen an 11.7% increase, followed by Internet Computer with a 9.4% rise, and NEAR Protocol climbing 8%, according to CoinGecko data.
Over the past week, major AI tokens have seen substantial growth. Bittensor’s TAO token surged by 85%, outpacing Arkham’s 52.7% gain and the Artificial Superintelligence Alliance’s (FET) 31.7% growth.
The rise in AI-driven cryptocurrencies aligns with significant technological advancements. Notably, OpenAI released its o1 model on September 12, boasting improved reasoning capabilities and sparking interest across various sectors, including the crypto market.
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