AI and Big Data Cryptos Surge as Market Rebounds

As the crypto market rebounds, AI and Big Data cryptocurrencies are surging, led by Robonomics.network (XRT), Bridge Oracle (BRG), and Only1 (LIKE), with gains of 33%, 21%, and 20%, respectively. Santiment attributes this growth to advancements in AI technology and projects significant benefits for these assets as the market recovers.

AI and Big Data Cryptocurrencies Soar as Market Rebounds

Market Intelligence Highlights Surge in AI and Big Data Crypto Asset Values

Amidst the ongoing market recovery, market intelligence platform Santiment has reported a remarkable upswing in the performance of AI and Big Data cryptocurrencies. This upward trend is evident in the significant gains experienced by tokens such as Robonomics.network (XRT), Bridge Oracle (BRG), and Only1 (LIKE).

Robonomics.network (XRT) Surges by 33%

XRT, an Ethereum-based coin, has witnessed a substantial 33% increase in value, reflecting the growing interest in AI-based blockchain projects. The token's price currently stands at $7.39, despite a slight dip in the past 24 hours.

Bridge Oracle (BRG) Climbs 21%

BRG, a cryptocurrency that facilitates data interoperability between blockchains, has surged by 21%. This growth is attributed to the increased demand for bridging solutions as the blockchain ecosystem continues to expand. BRG is currently trading at $0.001227.

Only1 (LIKE) Gains 20%

LIKE, a token associated with the Only1 social media platform, has witnessed a 20% rise in value. This upswing coincides with the growing popularity of decentralized social media platforms that empower users with control over their content and interactions. LIKE is currently priced at $0.2238.

Advancements in AI Technology Drive Gains

Santiment suggests that the advancements in AI technology are a key factor driving the surge in AI and Big Data cryptocurrencies. As AI becomes increasingly integrated into blockchain-based projects, these assets are expected to benefit from the enhanced efficiency, security, and efficiency offered by this transformative technology.

Market Dynamics and Crypto Market Fluctuations

The performance of AI and Big Data cryptocurrencies is influenced by broader market dynamics, including the recent fluctuations in Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). While BTC has exhibited a 3.45% increase over the past 24 hours, ETH and DOGE have faced declines of 7.8% and 19.8%, respectively.

Bitcoin Exchange Reserves Reach All-Time Low

Data analysis firm CryptoQuant has reported that the availability of Bitcoin on major cryptocurrency exchanges has reached its lowest point ever. This supply squeeze, attributed to increased holding by large investors, has contributed to the recent upward price trend in BTC.

Long-Term Bitcoin Holders in Distribution Cycle

On-chain analytics firm Glassnode has found that long-term Bitcoin holders are currently in a distribution cycle, indicating a shift towards selling at higher prices. However, this distribution is accompanied by a 6% increase in Shiba Inu (SHIB) and a 1,058% surge in large holder net flow for the token, suggesting an influx of new buyers.

Future Outlook for AI and Big Data Cryptocurrencies

The ongoing advancements in AI and the evolving market dynamics are likely to continue shaping the performance of AI and Big Data cryptocurrencies. As the blockchain industry embraces AI-powered solutions and interoperability, these assets are poised to play an increasingly significant role in the future of the crypto ecosystem.