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Reuters: AI cryptocurrency market value surges to $22.8 billion, with some tokens rising more than Bitcoin in the past year

Reuters: AI cryptocurrency market value surges to $22.8 billion, with some tokens rising more than Bitcoin in the past year

CointimeCointime2024/03/19 07:01
By:Cointime

According to the latest data from CoinGecko, the total market value of many AI cryptocurrencies has even exceeded that of Bitcoin in the past year. The total market value of this sector has surged from $2.7 billion in April last year to $22.8 billion, and related tokens have risen by 145% to 297% in the past 30 days. Market observers say that encryption and blockchain technology can help solve some early problems in the AI industry, such as privacy and the need for computing power. Markus Levin, co-founder of blockchain data storage company XYO Network, said: "As AI systems and blockchain networks continue to develop, we will see more and more use cases integrating these two industries." In addition, the CoinDesk Computing Index, including AI-related tokens, has grown by more than 165% in the past 12 months, even surpassing Bitcoin's 151% increase. Kaiko Research data shows that the trading volume of AI cryptocurrencies has also increased significantly this year, reaching a historical high of $3.8 billion at the end of February. (Reuters)

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