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Cryptocurrency News Articles

AI Crypto Market Explodes in Value, Reaching $16.8B—a 22.3% Increase in the Past 24 Hours

Jan 02, 2025 at 08:45 pm

The AI-driven cryptocurrency market has exploded in value, reaching $16.8 billion—a 22.3% increase in the past 24 hours. According to CoinGecko, nine AI tokens now have market capitalizations exceeding $1 billion.

AI Crypto Market Explodes in Value, Reaching $16.8B—a 22.3% Increase in the Past 24 Hours

The AI-driven cryptocurrency market has seen a collective surge in value, reaching $16.8 billion, marking a 22.3% increase in the past 24 hours. This surge is accompanied by a high volume of trading activity, with $2.3 billion in transactions recorded during the same period.

According to CoinGecko, nine AI tokens now have market capitalizations exceeding $1 billion, showcasing the growing demand for these digital assets. Of these top performers, three tokens centered around AI Agents have commanded caps above the $1 billion threshold.

This surge in market value and trading activity highlights the increasing investor confidence in AI-powered blockchain projects, driving their presence in the cryptocurrency market.

Top Performers in the AI Crypto Market

Among the AI Agents, Virtuals Protocol (VIRTUAL) leads the charge with a 22.5% surge in 24 hours. VIRTUAL is currently priced at $4.93, boasting $805 million in trading volume and a market cap of $4.9 billion.

Other trending tokens include ai16z (A16Z), which gained 25% and now trades at $2.42 with a market cap of $2.64 billion. In a similar vein, the Artificial Superintelligence Alliance (FET) has risen by 12% and trades at $1.40 with a market cap of $3.6 billion.

New AI Tokens Show Strong Growth

New players in the market are also making waves with their impressive gains. Cove Quant surged by 166% in the past 24 hours, currently trading at $0.001913 and swiftly approaching a $1.5 million market cap.

ZARA AI also saw massive growth and currently trades at $0.0149—a 153% rise. Intellika AI (INTAI) has also surpassed the $1 million market cap mark, with 24-hour gains of 113.9% and a current price of $0.001292.

More AI Tokens See Significant Gains

Beyond the tokens with a market cap of $1 billion, many other AI-related coins are posting significant gains. The “METAVERSE” token surged by 44.6% and currently trades at $0.0636.

Similarly, Freysa AI, trading at $0.04624, saw a 21.8% increase, now reaching a market cap of $378 million. Meanwhile, PAAL AI, Based AI, and Vader AI recorded surges of 12.8%, 17.3%, and 18.9%, respectively, in the past 24 hours.

This collective growth and surge in trading activity within the AI crypto market could be attributed to the increasing interest and adoption of AI technology, which is driving the demand for these tokens.

It's important to note that the information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

News source:coinedition.com

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Other articles published on Jan 05, 2025