At the outset of the year, artificial intelligence (AI) cryptocurrencies embarked on a rising journey, recording substantial gains and witnessing a surge in global trade activity. However, as we now traverse the course of time, the AI crypto landscape has undergone a significant downturn. According to insights from Kaiko, the weekly trading volume linked to tokens associated with AI has notably dwindled, casting a shadow over the sector’s earlier exuberance.
AI Crypto: From Meteoric Rise to Subdued Global Trade Volumes
Artificial intelligence (AI)-based cryptocurrency assets have encountered a noticeable downturn from their earlier prowess in early 2023. At the present moment, the AI crypto domain stands at a valuation of $2.28 billion, marking a substantial retreat of approximately $1.72 billion since February 2023.
Within this week, a somber tale unfolds, as eight out of the top ten AI-focused cryptocurrency tokens have grappled with losses. The digital token numeraire (NMR), in pa
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