The crypto market is taking off again and AI tokens dominate the rise this week
Summarize this article with:

The crypto market is regaining color, and it is the tokens linked to artificial intelligence that are leading the way. In 24 hours, the AI ​​sector jumped 5%, bringing its total capitalization to $15.1 billion. A recovery that owes nothing to chance.

Robot symbolizing artificial intelligence propels a crypto coin into the sky, triggering investor euphoria and market rise

In brief

  • The market cap of AI tokens jumped 5% in 24 hours to $15.1 billion.
  • TAO (Bittensor) gained nearly 9% on the day and 33% on the week, trading around $233.
  • FET and RENDER grew by 8% and 11% respectively, confirming the sector's momentum.

When AI takes the reins of the crypto market

Artificial intelligence tokens clearly outperformed the rest of the market on Friday. According to CoinGecko, the total capitalization of the AI ​​sector increased by 5% in 24 hours, to reach 15.1 billion dollars, a performance which contrasts sharply with the prevailing caution.

€20 bonus for registering on Bitvavo
This link uses an affiliate program

At the top of the rankings, TAO, the native token of the decentralized network Bittensor, was trading around $233, up 9% on the day. Over seven days, the gain reached 33%, an impressive trajectory which demonstrates a growing interest in on-chain AI infrastructures.

FET, the token of the Artificial Superintelligence Alliance, also increased by around 8%. As for RENDER, whose network allows you to rent computing power for graphics rendering and training AI models, it jumped 11%. Finally, Venice AI's VVV recorded the day's performance with +15%, bringing its valuation to $300 million.

What ignited the powder? In part, a blog post published by Jensen Huang, CEO of Nvidia. In this text, he compares AI to 20th century electrification:

AI is becoming the fundamental infrastructure of the modern world. The choices we make now will shape what this era will become. » Strong words, which visibly resonated with investors.

A rebound against a backdrop of geopolitical tensions

This surge in AI tokens is not happening in a vacuum. It is part of a broader recovery in the crypto market, driven in particular by bitcoin, which briefly reached $74,000 during the day, a symbolic level closely monitored by traders.

Some analysts, like Joe Consorti, see this behavior as a real “geopolitical resistance test”. In the midst of escalating tensions around Iran, BTC has not given in. It even strengthened, a reaction which is surprising in a context where risky assets could have plunged.

That said, the environment remains fragile. Geopolitical uncertainty still weighs on the risk appetite of institutional investors, and flows into spot Bitcoin ETFs are closely watched as indicators of real demand.

For AI tokens, the picture is more nuanced. These assets remain volatile, often disconnected from fundamentals. However, the convergence between the rise of generative AI, demand for decentralized computing power and growing institutional interest draws a coherent investment thesis.

The recovery of AI tokens reflects much more than just a fad. It illustrates the gradual recomposition of a crypto market in search of solid stories. The convergence between AI and blockchain is one of the most credible today. If the macroeconomic context stabilizes and bitcoin consolidates above $70,000, these assets could well be only at the beginning of their ascent.

Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Similar Posts