The capitalization of the AI-related tokens segment reached $27.9 billion, adding 11% per day. The indicator of the entire cryptocurrency market grew by only 2.9% to $2.45 trillion (CoinGecko).
Data: CoinGecko.Sector Leaders — Fetch.ai (FET) and Render (RNDR) — increased in price by 9.8% and 12.9% respectively in 24 hours.
Weekly asset growth is more impressive. RNDR quotes have added more than 50%, the market supply of the asset is $4.48 billion. The FET index reached $5.9 billion — plus 19% in seven days.
Only Bittensor (TAO) showed a slight pullback of 1.4% from the top 30 during the period.
In March, CoinGecko experts noted an increase in AI token prices by an average of about 260% since the beginning of the year. Analysts attributed this to the hype around companies involved in the development of neural networks. The main triggers of the price movement were the launch of the Sora model from OpenAI in February and the rise of Nvidia shares.
At that time, TAO was the leader in the segment with a capitalization of about $4.4 billion. At the time of writing, the figure has dropped to $2.6 billion — minus 36.4% over the past 30 days.
The asset lost the third position in The Graph (GRT) rating, the price of which increased by 19% over the week.
Of the other largest tokens in the segment, Akash Network (AKT) demonstrated the best dynamics per day with an increase of 19%.
Bitcoin has risen in price by 3.3% in 24 hours and is trading at $63,000, to which the quotes returned on May 4. The market capitalization of the first cryptocurrency exceeds $1.24 trillion, or 50.6% of the total.
Recall that CoinGecko named AI, along with GameFi and meme tokens, the most popular areas of the digital asset market by the end of 2023.