AI assets are currently valued at $23.97 billion, down 3.73% from the $24.9 billion marked on March 21, 2024. Over the past month, each of the top ten largest AI crypto-assets has recorded a significant decline in value against the U.S. dollar.
Internet Computing (ICP) experienced the steepest decline, down 23.36%. Bittensor (TAO) recorded another significant drop, falling 18.62% against the dollar over the same period. Graph (GRT) and Theta (THETA) are down 14.93% each, while Fetch (FET) is down 11.11% over the past month.
AGIX, WLD, and OCEAN also reported declines over the 30 days. However, despite these setbacks, nine of the ten largest assets made gains last week. ICP continued to lag behind, down 1.91% for the week, while TAO rose 10.03%, GRT improved 13.15%, and THETA gained 4.64% over the past seven days.
While the AI cryptocurrency market is currently down 3.73% from its March 21 valuation, it is up 294.24% since January 22, 2024, when it was valued at just $6.08 billion. These fluctuations in the AI cryptocurrency market underscore the inherent volatility of this nascent sector despite its significant growth since the beginning of the year. Ultimately, the future of AI-based cryptocurrencies will largely depend on the broader dynamics of the cryptocurrency market and technological advances in AI.
