The AI sector was unable to maintain its recent momentum after a liquidation event early Monday sent most cryptocurrency markets tumbling.
TL;DR:
- The AI sector’s market capitalization fell by $0.5 billion amid broader cryptocurrency liquidation.
- The ICP resisted the downturn with a 28.8% gain after the release of the Mission 70 white paper.
- Agent startups and AI sub-sectors have shown relative strength despite market volatility.
Artificial Intelligence Market Summary
Meanwhile, some low-volume tokens saw significant declines.
However, some small businesses were able to resist the downturn. These include:
- Network of the Mind (FHE): +387.3% (BytePlus cloud integration for crypto AI and new PIPPIN supply lock incentives)
- about (panel): +67.3% (Chatbot integration with Carbon browser)
- Oasis (Rose): +48.6% (ROFL Master Network Certification for Confidential AI Programs and RWA Institutional Credit)
- UnifAI Network (UAI): +37% (Listing KuCoin and participating in the Polymarket Builders Program)
The tokens performed much better than average this week, featuring a higher than expected concentration of proxy projects.
Overall, the AI sector is one of the worst performing altcoin categories this week. It ranked 22nd out of 24 sectors tracked by Artemis. By comparison, the gaming sector ranked first, recording a 14.4% improvement in fully diluted market capitalization.
Source: Artemis
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>> That’s a wrap! Join us next week to learn more about the latest AI developments!
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