30s Summary
Artificial intelligence (AI) and big data tokens have seen a 131.35% rise in value since their lowest point on June 8, due to ongoing strong performance by Bitcoin. As of November 19, the total worth of AI and big data tokens reached $42.13 billion, led by NEAR Protocol, Internet Computer, and Render. This resurgence is thought to be driven by increased investor confidence due to clearer rules around Bitcoin. Despite their growth, AI tokens currently only make up 1.36% of the $3.09 trillion total worth of the crypto market, suggesting plenty of room for future expansion.
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So, here’s some cool news about artificial intelligence (AI) and big data tokens. Following their lowest point this year on June 8, they’ve charged back hard with a 131.35% rise in value, thanks to Bitcoin’s strong, ongoing performance.
Fast forward to November 19, and these AI and big data-driven coins have pumped up their total worth to $42.13 billion. Leading the way were NEAR Protocol, Internet Computer, and Render. This info comes directly from the reliable sources at Cointelegraph Markets Pro and CoinMarketCap.
What’s driving this comeback? Well, it seems people are feeling good about investing, now that rules around Bitcoin are clearer in many places, and none of the main platforms or systems have crashed.
To get an idea of how impressive this turnaround is, consider that the AI token market went through a quiet spell. From its high point of $44.99 billion on March 15, it slid all the way down to $18.21 billion by June 8.
But somehow, it bounced back! Over the next six months, the AI token market clawed its way back up to $42.13 billion. And the industry is all set to break its record of $44.99 billion and reach new heights by the end of this month.
AI tokens worth over $1 million include TAO, FET, INJ, GRT, THETA, and AKT, in addition to NEAR, ICP, and RENDER.
Now here’s something that blows my mind – the total worth of the entire crypto market is estimated to be a whopping $3.09 trillion. Compared to this, AI tokens make up a mere 1.36% of the market. That’s loads of room to grow, if you ask me!
On November 10, Ethereum, our beloved digital currency, overtook Bank of America in terms of value, standing at around $383 billion. This shift is a big deal because it highlights the growing preference for decentralized finance and crypto assets. Cool, right?