Render Network (RNDR), SEI and Bittensor (TAO) lead crypto AI sector despite 5% daily drop

The crypto AI sector declined 5% on Monday, but top-ranked assets remain at profitable levels compared to last week's lows.

The crypto AI sector declined by 5% on Monday, but top-ranked assets are still posting gains on the seven-day time frame. While traders appear to be taking profits after the late rally last week, fresh news catalyst from Open AI could spark another leg-up in the week ahead.

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The crypto AI sector is down 5% on Monday, but the sector’s largest player, Near Protocol (NEAR), is the only asset in the sector to post losses, currently at -0.7%. Other leading AI-linked tokens such as Render Network (RNDR), Bittensor (TAO), and SEI are still at profitable levels.

As seen in the chart above, aggregate crypto AI market capitalization stands at $21 billion, down 5% on the day.

Best-performing crypto AI altcoins this week

Render (RNDR) leads this week's rally, with a 45.6% increase over seven days. Bittensor (TAO) has climbed 30.4%, while Artificial Superintelligence Alliance (FET) posted a 35% increase.

Internet Computer (ICP) and NEAR Protocol (NEAR) also gained 10.3% and 6.3%, respectively, over the same period.

More so, SEI has emerged as one of the most-searched assets on Coingecko, which might lead to a potential rally.

However, sustained weekly gains across top crypto AI assets suggest that the current dip is more indicative of strategic profit-taking. When assets post larger profits on a longer time frame, it signals that the current losses could be a momentary profit-taking event rather than a fear-driven sell-off.

Two crypto AI catalysts to watch this week

Nvidia's 10% rally has brought back bullish sentiment in AI-related markets. The chipmaker's performance often correlates with optimism in risk assets after US Consumer Price Index (CPI) data came in lower than expected last week.

NVDA stock price performance, April 14 2025 | Source: YahooFinance

Nvidia also announced the decision to commit over $500 billion toward building supercomputers in the US. This move is seen as an effort to mitigate the impact of the US trade war with China.

Nvidia stock surged 10% in pre-market trading on Monday, rising from $94.50 on April 9 to hit the $114 level. This surge coincides with the double-digit rally observed among top crypto AI projects.

OpenAI could unveil new features this week, a move that could potentially draw attention toward the global AI sector. Back in March, OpenAI leaked news that it is planning to "charge up to $20,000 per month for Doctorate-Level-AI agents." The top-level AI agents would be able to write original computer code or carry out doctoral research.

Now, The Information is reporting that this product could be released as soon as this week.

Historically, such landmark announcements from the Sam Altman-led firm have often ignited renewed momentum into the crypto AI token space. If this narrative catches on to the likes of SEI, the most-search project, RNDR and ICP could potentially see another wave of capital inflows as the week unfolds.