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AI Token Market Cap Down 28% From $70B Peak

AI Token Market Cap Down 28% From $70B Peak

HappyCoinNewsHappyCoinNews2024/12/29 07:44
By:HappyCoinNews

Artificial intelligence (AI)-powered cryptocurrencies have lost almost a third of their total value. As of December 28, their market capitalization was $50,5 billion. This is 28% lower than the peak of $70,4 billion on December 7, 2024.

AI Token Market Cap Down 28% From $70B Peak image 0

AI Token Market Cap

The total trading volume of AI tokens has also declined, falling nearly 11% to $4,73 billion over the past month, suggesting that traders have lost interest in this category of cryptocurrencies.

The decline in AI token market cap comes amid a broader decline in the cryptocurrency market, which has seen Bitcoin fall more than 14% from its peak of $108,000.

Many crypto analysts believe that AI-powered assets will recover during the altcoin season, which could begin as early as Q2025 XNUMX. This was reported by a popular crypto trader known by the nickname Elja, basing his forecast on fractal patterns.

There are still a few weeks left until the mega-preseason, he wrote on social media.

If investors start to invest more actively in other digital assets, эфириум could return to its all-time high or, as some experts predict, make a “momentum breakthrough” to $15,000 by the end of 2025.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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