FET leads the pack as AI tokens dominate the list of top performers.
Altcoins are attracting investors’ attention as the market sentiment remains bullish, with big data and artificial intelligence (AI) tokens gaining momentum. According to data from CoinMarketCap (CMC), the top five gainers among the leading 100 cryptocurrencies are all from the big data and AI category, experiencing double-digit growth.
Leading the list is Fetch.ai (FET), which has seen a 38.26% rise in the past 24 hours and is currently trading at $2.74. With a market cap of $2.28 billion, it ranks as the 50th-largest digital currency.
Similarly, Render (RNDR) has recorded 37% gains in the past day, trading at $10.04. Near Protocol’s native token, NEAR, has also risen by 35.37% in the last 24 hours and is currently priced at $5.73.
SingularityNET (AGIX) secured the fourth spot on the list with a 25.91% surge in the past day, currently trading at $1.15. Meanwhile, AKT, the native token of the Akash Network, has gained 17.22% in 24 hours and is trading at $5.26, with a total market cap of $1.2 billion.
The increase in AI tokens’ prices coincides with investors shifting their focus to altcoins. Big data and AI cryptos have witnessed a 15.5% increase in total market cap, reaching $37.36 billion. The global crypto market cap has also risen by 0.6% in the past 24 hours, currently standing at $2.5 trillion, according to CMC data.
However, Bitcoin’s dominance has slightly declined from 50.1% to 49.7% in the last day, indicating that investors have accumulated more altcoins than the flagship digital currency.
