On Monday, while the broader crypto market saw a modest uptick from the previous day, AI-focused cryptocurrencies took a sharper leap. As of press time, the top AI digital assets hold a total value of $29,066,685,612, representing about 1.33% of the total $2.19 trillion crypto economy. Leading the AI crypto pack, near protocol (NEAR) surged by 6.6%, bringing its market valuation to $5.76 billion.

The top four AI coins by market valuation on Oct. 7, 2024, according to coingecko.com.

Right behind NEAR is bittensor (TAO), the second-largest AI-focused digital currency, which climbed 4.4% on Monday. Grayscale’s AI fund has also seen TAO shine, making it the top AI crypto held by weight. As of Oct. 7, Grayscale‘s data shows TAO commanding a leading weight of 29.55%.

Another player in the space, artificial superintelligence alliance (FET), rose 3.1% against the U.S. dollar on Monday. Notably, FET overtook internet computer (ICP) on Monday, just after TAO had flipped it at the end of September. ICP, meanwhile, dropped 2.3% over the past day. FET’s current market valuation stands at $3.933 billion, while ICP trails slightly behind at $3.908 billion as of Oct. 7.

Among the top AI sector gainers today were ENQAI, soaring 37.4%, MOCK with a 25.7% rise, and SNS up 22.1%. With the AI crypto market now sitting at $29.06 billion, it’s just $933,314,388 away from hitting the $30 billion milestone. The AI digital currency space has made tremendous strides in 2024, outpacing many other sectors this year.

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