Crypto AI tokens are now more popular than memecoins, robot butlers arrive, plus why does ChatGPT constantly kiss your ass? AI Eye.
The crypto AI sector is showing signs of life, with the combined market cap increasing by more than one-third in the past two weeks.
The sector soared to a combined market cap of $70.42 billion back in mid-January and just as quickly plummeted back to earth, bottoming out at $21.46 billion on April 9, according to CoinMarketCap. Its now back at $28.8 billion, with much of the growth in the past week.
Near gained 26% in the past seven days, Render is up 23%, the Artificial Superintelligence Alliance gained 36% and Bittensor surged 47%. (That said, even Ether gained 14% this week, so everything has been going up.)
The AI crypto sectors outperformance came hot on the heels of a CoinGecko report on April 17 that found that five of the top 20 crypto narratives are AI-related, capturing 35.7% of global investor interest ahead of six memecoin narratives, which had a 27.1% share.
The most popular AI narratives were: AI in general (14.4%), AI agents (10.1%), DeFAI (5%, possibly just people asking how to pronounce it), AI memecoins (2.9%), AI agent launchpad (1.8%) and AI framework (1.5%).
