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Cryptocurrency News Articles

Which AI Tokens Could 10x This December? Top Picks and Analysis

Nov 27, 2024 at 12:02 am

The AI cryptocurrency sector is worth a massive $40.22 billion.  NEAR stands at the top of the sector with a market cap of $7.9 billion.

Which AI Tokens Could 10x This December? Top Picks and Analysis

The AI cryptocurrency sector is valued at a staggering $40.22 billion, according to recent data. Among the numerous AI tokens available, a few have notably demonstrated bullish trends over the past day.

TAO and Access Protocol (AKT) have both experienced significant surges, with TAO rising by 4.51% and AKT surging by 3.54%. These tokens have shown resilience amidst the broader market downturn.

The increasing popularity of AI platforms, such as ChatGPT, has also contributed to a surge in AI-related cryptocurrencies. This demand has shown no signs of slowing down, with AI tokens now accounting for a substantial portion of the crypto market. Their total market capitalization exceeds $40.22 billion, and the 24-hour trading volume is over $6.1 billion.

According to data from CoinMarketCap, the largest AI token by market capitalization is Near Protocol (NEAR), which is currently valued at $7.9 billion and trades at $6.50. NEAR experienced a drop of 9.19% on Wednesday, trading at $6.50, but it has risen by 9.95% over the past week.

Last month, the altcoin surged by 53.40%, but it still remains significantly below its all-time high of $20.42, marking a decline of 68.05%.

Other Promising AI Tokens

Among the other AI tokens that have shown promise, TAO and AR are both ranked among the top 50 digital assets by market capitalization.

As of Thursday, TAO is valued at $547.72 and trades at a premium, while AR is priced at $20.81. Interestingly, AR experienced a drop of 5.80% on Wednesday.

However, TAO demonstrated strong gains on Wednesday, surging by 4.51% and reaching a price of $0.0079. The token has also seen a substantial increase over the past month, rising by 7.73%.

In contrast, AR declined slightly during the same period, but it still managed to rise by 29.62%. As a result of these movements, TAO is now ranked 31st among digital assets by market capitalization, while AR has a market cap of $1.36 billion.

News source:www.binance.com

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