NAIROBI (Coinchapter.com) – AI crypto tokens are booming as the niche category of tokens has emerged an unlikely winner amidst a slump in the broader crypto market. With the global market cap shrinking by 5.43% over the past 24 hours, AI crypto tokens have defied the downtrend, showcasing impressive resilience and capturing investors’ attention.
Jupiter’s Asian Income strategy, under the guidance of Sam Konrad, has shifted its focus towards technology companies with a strong dividend payment record. Konrad notes, “Tech companies we own in Asia all have a net cash balance sheet; they all pay a dividend today, and we expect them all to increase their dividends as their earnings grow in the next few years.” This strategic allocation contrasts with the dividend practices of U.S. tech firms, highlighting an attractive investment avenue for those cautious about the heated AI stock market.
U.K. fund Jupiter Asian Income (JUPAIRI:LN) has been one such institution that has been boosting exposure. The fund’s share price closed at 152.68 pence on the last trading day, down 0.81% for the session. However, Jupiter has been increasing its allocation to Asian tech stocks like TSMC, Samsung, and MediaTek, which are well-positioned to benefit from AI integration.
The market has witnessed significant movements, with leading tokens like Bitcoin (BTC) and Ethereum (ETH) showing remarkable performance. Bitcoin, the pioneer cryptocurrency, recently hit a price of $66,269.51, marking a 6.27% increase over the last seven days. Its market cap now stands at a staggering $1.3 trillion. Ethereum follows closely, with its price reaching $3,336.71 and a 6.91% increase over the same period, bringing its market cap to $400 billion.
AI Crypto Tokens Are Booming, Defying Market Gravity
The sector’s market cap totals $26 billion, with AI crypto assets making up a 1.04% dominance in the broader market. Despite a 7.74% decrease over the last seven days, the 24-hour volume and changes indicate a resilient and potentially growing interest in AI cryptocurrencies.
Internet Computer (ICP): Bridging Traditional and Digital
Next, the Internet Computer (ICP) token captures attention with its $18.2643 price and a 4.34% upturn in the last 24 hours. Boasting a market cap of over $8 billion and a daily volume of $275M, ICP underscores the growing interest in technologies merging the internet and blockchain. This surge points to a broadening appeal for platforms enhancing internet functionality via blockchain.
Bittensor and The Graph: Pioneering AI Integration
Finally, Bittensor (TAO) and The Graph (GRT) lead in AI and blockchain fusion. Bittensor’s notable $554.312 price, increasing by 4.51% in a day, pairs with The Graph’s $0.33757, up by 3.6%. These movements underscore not just the growth but the transformative potential of AI within web3, hinting at a redefined future for the sector.
SingularityNET and Fetch Spearhead the AI Crypto Revolution
Certainly, Fetch (FET) and SingularityNET (AGIX) have emerged as key figures in the AI crypto sphere. Fetch, at $2.62, boasts a 50.11% week-on-week surge, overcoming a 13.99% decline. Its impressive market cap and high trading volume reflect growing investor trust. Meanwhile, SingularityNET, priced at $1.07, has climbed 29.93% in the same period, despite a 15.51% drop. Its significant market cap and robust trading activity underscore a solid market standing and keen investor attention.
Above all, AI crypto tokens offer a glimpse into the future of blockchain technology, where artificial intelligence enhances security, efficiency, and decision-making. Despite market challenges, these AI crypto tokens are booming as they shine with innovation and dividend promises, drawing investors. AI and blockchain’s merger could revolutionize tech and finance, heralding a new digital asset era.
