AI Tokens See Massive 80% Market Cap Rebound, Reaching $32B

Grand News Network | September 2, 2024

The AI and big data crypto market cap, however, was coming down by a stunning 80% from its low in early October on revived investors’ interest.
The total market capitalization of artificial intelligence-related and big data cryptocurrency projects and tokens has increased by 79. It has risen by 7% in the last three weeks meaning that the morale of investors in the cryptos has improved.

It is equally pertinent to mention here that as of Aug 6, the total market capitalization of AI and big data crypto projects stood at a yearly low, $18. 21 billion, mainly because of its indirect dependency on the disappointing Bitcoin BTC tickers down $61,886, and the crypto markets in general. Back then, bitcoin prices declined beneath $50,000 based on the information provided by ForksDaily Markets Pro and TradingView.

AI Tokens See Massive 80% Market Cap Rebound, Reaching B — Market capitalization and volume of AI and big data tokens market. Source: CoinMarketCap
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