The altcoin market is back on fire with the Web3 x AI narrative dominating price movements. In the past week, several leading AI tokens have recorded double-digit gains, driven by a surge in retail investor interest and the integration of AI technology into blockchain protocols.
According to CoinGecko data, the total market cap of the AI โโtokens category has crossed $15 billion, its highest level since early 2024. The surge was driven by strategic partnerships between blockchain projects and major AI service providers.
๐ Who Will Benefit the Most?
โ Fetch.ai (FET) โ Up 28% in the past 7 days after announcing a collaboration with Nvidia to develop agent-based marketplaces.
โ Ocean Protocol (OCEAN) โ Up 22% as it plans to launch a new AI data exchange that supports on-chain licensing.
โ Akash Network (AKT) โ +19% amid demand for a decentralized GPU marketplace serving open-source AI models.
โ SingularityNET (AGIX) โ +31% after news of a modular AGI project spin-off with cross-chain interoperability.
๐ What Makes This Narrative โHotโ?
Analysts note 3 main reasons behind the hype:
1๏ธโฃ Demand for GPU Infrastructure โ Training AI models is getting more expensive. Blockchains offer decentralized marketplaces for GPU rentals.
2๏ธโฃ Data Ownership & Monetization โ Web3 allows people to securely sell personal data to AI models.
3๏ธโฃ Combination of DeFi & AI โ Automated trading, on-chain credit scoring, and AI prediction-based DeFi services are gaining traction.
๐ฌ Market Commentary
> โAI tokens are not just short-term hype. The demand for decentralized computing for AI is real, and we are seeing the beginning of a new market,โ said Kevin Wu, an analyst at Binance Research.
๐จ Bubble Alert?
Some observers are warning of potential overheating in the sector. The technical RSI of many AI tokens is showing overbought conditions, raising the risk of a short-term correction.
Investors are advised to do their own research and not just get carried away by FOMO.
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