Despite the Bull Run Prices, AI Cryptos Are Struggling at 18th in Sector Rankings

CN
4 hours ago

Over the last 30 days, the artificial intelligence (AI)-based crypto sector was a bit of a straggler, left in the dust as meme coins stole the show. Meanwhile, AI tokens found themselves bringing up the rear in 18th place out of 22 distinct crypto sectors according to Artemis Terminal. As of Nov. 16, 2024, the AI-focused crypto market boasts a valuation of $33.2 billion, spanning 141 unique tokens.

Despite the Bull Run Prices, AI Cryptos Are Struggling at 18th in Sector Rankings

Sector performances over the last 30 days according to Artemis Terminal.

Some coins caught a little spotlight, while others lagged behind. Over the past 30 days, near protocol (NEAR) climbed 16.3% against the U.S. dollar, while internet computer (ICP) edged higher by 18.44%. On the flip side, bittensor (TAU) stumbled, losing 10.15% from Oct. 17 to Nov. 17, and the artificial superintelligence alliance (FET) token saw a decline of 7.05% during the same period.

In brighter news, the graph (GRT) and theta (THETA) recorded gains of 20.75% and 17.21%, respectively. World coin (WLD) saw a gentle 1.01% uptick. Then there’s the AI token known as “Act I: The AI Prophecy,” or ACT, created by researcher Andy Ayrey—the same developer behind GOAT. ACT dropped 16.36% in a single day but skyrocketed 2,664% against the dollar over the past week.

Meanwhile, virtual protocol (VIRTUAL) surged by 382% since Oct. 17. However, not all coins shared the same fortune. Synesis one (SNS) led the losses, plunging 55.91% this month, followed by paal ai (PAAL), which fell 38.91%. Other notable decliners—GTAI, AITECH, XRT, MAN, OORT, and SDAO—posted losses ranging from 19.24% to 26.17%.

The uneven performance of AI-centric crypto tokens paints a picture of a sector still exploring its footing in a fast-moving market. While some tokens showcased resilience and massive growth, the broader market lagged. This mixed bag of outcomes highlights the experimental phase of AI-driven crypto projects, revealing both untapped opportunities and significant risks as these assets navigate an ever-evolving space.

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