AI Cryptocurrencies Surge 208% To $61.5 Billion Market Cap In 2024: These Were The Top Performers
The market for AI-powered tokens has surged by 208% in 2024, reaching a combined market cap of $61.5 billion, according to a new report.
What Happened: The growth comes after a turbulent year marked by geopolitical tensions and regulatory challenges, according CryptoPresales.com, citing data from CoinMarketCap.
The sector experienced significant volatility in 2024. AI tokens began the year strong, reaching an all-time high market cap of $44.9 billion in the first quarter.
However, this momentum was disrupted by the U.S. government’s expanded export restrictions on AI chips to China, geopolitical uncertainties and profit-taking.
By mid-August, their market cap had fallen to $23 billion, reflecting a sharp decline from earlier highs.
Despite this …
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