Market Cap: $3.347T -4.020%
Volume(24h): $125.6286B 18.540%
  • Market Cap: $3.347T -4.020%
  • Volume(24h): $125.6286B 18.540%
  • Fear & Greed Index:
  • Market Cap: $3.347T -4.020%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$100157.197162 USD

-2.21%

ethereum
ethereum

$3109.959445 USD

-5.70%

xrp
xrp

$2.903259 USD

-4.75%

tether
tether

$0.999847 USD

0.01%

solana
solana

$212.786145 USD

-8.07%

bnb
bnb

$656.277331 USD

-2.87%

usd-coin
usd-coin

$1.000046 USD

0.01%

dogecoin
dogecoin

$0.302299 USD

-7.83%

cardano
cardano

$0.890148 USD

-5.84%

tron
tron

$0.242313 USD

-5.43%

chainlink
chainlink

$22.668207 USD

-11.00%

avalanche
avalanche

$31.325536 USD

-9.47%

stellar
stellar

$0.389588 USD

-6.43%

sui
sui

$3.736378 USD

-7.94%

toncoin
toncoin

$4.589423 USD

-6.21%

Cryptocurrency News Articles

Crypto AI Agents Market Cap Is Now At $8B After DeepSeek Influenced the Ongoing Correction

Feb 02, 2025 at 07:16 pm

Crypto AI Agents were one of the hottest narratives in recent months, with tokens like VIRTUAL and AI16Z reaching record highs.

Crypto AI Agents Market Cap Is Now At $8B After DeepSeek Influenced the Ongoing Correction

Crypto AI Agents, a new class of tokens designed to integrate artificial intelligence with blockchain technology, have experienced a rapid decline in market cap, falling from a peak of $20 billion to just $8 billion.

This downturn is largely attributed to a shift in investor sentiment and the influence of DeepSeek, a powerful AI system that has been affecting the broader artificial intelligence market.

Despite countering a correction that was already underway, DeepSeek’s influence on crypto AI agents has been minimal. The sell-off in the sector began on January 15, as a broader market correction kicked in following a period of parabolic gains.

During this time, crypto AI agents enjoyed a massive rally, with tokens like VIRTUAL, AI16Z, and TAO surging by over 100X, 50X, and 20X, respectively, in just a few months.

However, the unsustainable nature of such gains and a shift in investor attention toward other narratives, such as Memes and DeFi, led to a sell-off in crypto AI agents.

As a result, tokens like VIRTUAL, which at one point surged to become the largest AI coin, have now lost over 60% of their value in the last 30 days.

Meanwhile, AI16Z, the second-largest token in the sector, has dropped by 17.9% in the past 24 hours and 46.7% over the last month.

Overall, the sell-off in the crypto AI agents sector shows no signs of slowing down yet.

With investors reassessing the sustainability of AI-driven blockchain projects and shifting their attention elsewhere, a recovery in the sector will depend on a broader shift in sentiment and fresh catalysts.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Feb 03, 2025