AI-Focused Crypto Market Cap Reaches $16.8B, Fantom (FTM) and Best Wallet Token (BEST) See Strong Growth

The market capitalization of AI-focused cryptocurrencies has reached $16.8 billion, marking a 22.3% increase in just 24 hours.

The total market capitalization of cryptocurrencies linked to artificial intelligence has surged by 22.3% in just 24 hours, reaching an impressive $16.8 billion. This surge highlights the growing prominence and investor interest in this sector. Notably, nine AI tokens have now surpassed the $1 billion market cap threshold.

Meanwhile, trading activity has also risen sharply, with a staggering $2.3 billion in transactions recorded during the same period. This heightened activity reflects increasing confidence in blockchain projects powered by artificial intelligence. As the crypto market expands, investors are showing significant interest in identifying the best crypto to buy right now, focusing on assets with strong potential for growth.

Here are the top five cryptocurrencies that have garnered attention recently:

1. Fantom (FTM)

Fantom recently saw a notable price increase, exchanging hands at $0.8331, surging 22.30% in 24 hours. Its market capitalization reached $2.33 billion, reflecting a 22.19% rise, with 24-hour trading volume climbing to $596.55 million, up 115.73%.

The price is currently above its 200-day simple moving average (SMA) of $0.757978, with an 8.46% premium over this benchmark. This indicates strong market momentum and positive sentiment.

2. Best Wallet Token (BEST)

The Best Wallet Token has recently raised over $6 million in its ongoing presale. This achievement highlights growing interest among investors despite a broader downturn in major cryptocurrencies. Designed for a cross-chain Web3 wallet, the token aims to support decentralized finance (DeFi) users by offering seamless transactions across different blockchain networks.

3. Algorand (ALGO)

Algorand is collaborating with the UN Development to explore the use of blockchain technology for positive global impact. Employees and changemakers at UN Development, UN Volunteers, and the Capital Development Fund are learning to apply Algorand’s blockchain to support sustainable development goals. This aligns with the Algorand Foundation’s history of supporting UN initiatives to foster global progress.

4. Artificial Superintelligence Alliance (FET)

Fetch.ai’s current price is $1.40, reflecting a 12.38% increase over the past 24 hours. Its trading activity shows a relatively moderate liquidity level, with a volume-to-market cap ratio of 0.0948.

5. Avalanche (AVAX)

Avalanche is a blockchain platform that supports decentralized applications (dApps) and custom blockchain networks. It competes with Ethereum and aims to offer an alternative for building smart contracts.