AI-themed cryptocurrencies and meme coins surpassed Bitcoin in the previous week, despite Bitcoin’s record-breaking high of $70,184 on March 8. AI altcoins and big data saw a 43.4% increase in trading volume and an 11.6% rise in market capitalization, accounting for 1.6% of the $2.6 trillion crypto market dominated by Bitcoin at 51.72%.  The AI altcoins rallying indicate growing investor confidence, but questions remain about their long-term sustainability and utility.
Market Dynamics
In a recent report from Coinbase, a leading cryptocurrency exchange, the value proposition of AI-related tokens has come under scrutiny. Despite the ongoing exploration of artificial intelligence (AI) in various industries, the report suggests that the current excitement surrounding AI tokens may not align with their long-term value.
Currently, AI tokens collectively hold a market capitalization of over $51 billion, serving various AI-based projects and applications. NEAR Protocol, Render, The Graph, F

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