AI Cryptos Surge as Broader Market Stays Flat, Approaching $30B Milestone

While the overall crypto market saw just a slight increase of 0.28%, reaching a capitalization of $2.19 trillion, AI-focused cryptocurrencies made a more significant leap. The AI crypto sector surged by 5.4%, pushing its total market value to over $29 billion.

AI Crypto Sector Rises 5.4% to $29B On Monday, while the broader crypto market remained relatively flat, AI-related cryptos saw substantial gains. As of press time, the top AI digital assets have a combined value of $29.07 billion, accounting for 1.33% of the total crypto market. Leading the sector, Near Protocol (NEAR) jumped by 6.6%, bringing its market valuation to $5.76 billion.

AI Cryptos Spike as Market Stays Flat, Sector Nears $30B Milestone Right behind NEAR, Bittensor (TAO) rose by 4.4%, becoming the second-largest AI-focused crypto. Grayscale’s AI fund also reflects this, with TAO holding the top spot, commanding a 29.55% weight.

Meanwhile, Artificial Superintelligence Alliance (FET) saw a 3.1% increase, surpassing Internet Computer (ICP), which dropped by 2.3%. FET now holds a market valuation of $3.93 billion, slightly ahead of ICP’s $3.91 billion.

Among Monday's top AI sector gainers were ENQAI (up 37.4%), MOCK (rising 25.7%), and SNS (up 22.1%). With the AI crypto market now sitting at $29.06 billion, it's just under $1 billion away from reaching the $30 billion milestone. In 2024, the AI digital currency space has shown remarkable growth, outpacing many other crypto sectors.

What are your thoughts on the recent AI crypto surge? Share your opinions in the comments below!