AI-Based Crypto Assets Reach Impressive Market Value Of $4 Billion

Following a small decline in mid-February 2023, artificial intelligence (AI)-related cryptocurrencies have continued to rise over the past month. Now, the net value of all 74 listed AI-focused tokens exceeds $4 billion, representing 0.37 percent of the total crypto market value.

AI-Based Cryptocurrencies Record Positive Gains Over the Last Month

The prevalence of artificial intelligence (AI) in 2023 has significantly increased the value of AI-focused tokens this year. The increase in these cryptocurrencies was highlighted at the end of January. Despite a minor dip in the middle of February, AI crypto assets have continued to rise throughout the month.

Data from cryptoslate.com shows that 74 AI-focused digital currencies have a market cap of $4.03 billion, making up 0.37% of the overall crypto market and 1.19% of the market for smart contract tokens. Furthermore, the vast majority of the 74 listed artificial intelligence-related cryptocurrencies have seen growth over the past month.

The Graph (GRT), the biggest AI-focused digital currency, has a current market cap of over $1.42 billion. In the past 30 days, GRT has grown 70.57% in value compared to the US dollar. The second-largest AI-focused cryptocurrency asset, Singularitynet (AGIX), has increased 132.67% this month.

In the past 30 days, Fetch.ai (FET) has increased by 53.21%, and Ocean Protocol (OCEAN) has increased by 7.26%. Iexec rlc (RLC), the fifth-largest AI-focused coin, saw a rise of 6.29% last month versus the dollar. Among the $4 billion in the AI-crypto economy, the top five digital currencies are graph (GRT), singularitynet (AGIX), fetch.ai (FET), ocean protocol (OCEAN), and iexec rlc (RLC), and they together account for $2.69 billion, or 67.3%.

Several AI-based digital currencies have displayed significant growth this month. Some of the notable performers include alethea artificial liquid intelligence token (ALI), which increased by 30.28%; phoenix global (PHB), which experienced a 23.64% growth; xmon (XMON), which demonstrated a significant jump of 30.47%; measurable data token (MDT), which spiked by 124.97%; and singularitydao (SDAO), which increased by an impressive 121.48%.

At present, the 74 digital currencies that are focused on AI have collectively shown a 3.29% increase in the last 24 hours. However, over the last seven days, the overall value of the AI digital currency sector has decreased by 4.33%. Regarding trading volume, the AI digital currency market saw approximately $447.09 million in trades over the past day.