Recent market data reveals that artificial intelligence (AI)-focused cryptocurrencies have not participated in the remarkable gains seen across the broader cryptocurrency market. As the crypto universe enjoys a bull run, AI-based tokens are struggling, ranking only 18th in sector performance.
Despite the excitement around AI technologies and their potential applications in blockchain, these specific crypto assets have remained relatively stagnant in terms of price movement over the last 30 days. While other sectors within crypto have thrived, AI cryptos have been left behind.
This underperformance suggests that investors may be cautious about the present utility and future prospects of AI-based cryptocurrencies, thus impacting their current market standings.
