Greed

Artificial Superintelligence Alliance

SingularityNET

Internet Computer

The market capitalization of artificial intelligence and big data cryptocurrency projects and tokens has surged by 79.7% over the past three weeks, reflecting renewed confidence among crypto investors.
On Aug. 6, the total market cap of AI and big data crypto projects recorded a yearly low of $18.21 billion, primarily due to its indirect reliance on the underperforming price of Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null">BTC</a>) and crypto markets in general. At the time, Bitcoin’s price fell sharply under $50,000, <a data-ct-non-breakable="null" href="https://pro.cointelegraph.com/" rel="null" target="null" text="null">according</a> to data from Cointelegraph Markets Pro and TradingView.
 
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 <img alt="AI tokens market cap rebound 79.7% to $32B amid renewed investor confidence" name="" src="https://s3.cointelegraph.com/uploads/2024-08/01919303-f5c9-739d-88f5-ca3864c0a9fb">
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 Market capitalization and volume of AI and big data tokens market. Source: CoinMarketCap
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<h2 id="heavy-influence-of-the-bitcoin-market">Heavy influence of the Bitcoin market</h2>
<a data-ct-non-breakable="null" href="https://coinmarketcap.com/view/ai-big-data/" rel="nofollow noopener" target="_blank" text="null">According</a> to CoinMarketCap data, the AI and big data token ecosystem replicated Bitcoin’s price recovery and saw its market cap comfortably exceed $38 billion on Aug. 25.&nbsp;
As of Aug. 27, top AI and big data tokens in terms of market capitalization include Near Protocol (<a data-ct-non-breakable="null" href="https://cointelegraph.com/near-protocol-price-index" rel="null" target="null" text="null">NEAR</a>), which is worth $5.5 billion, Internet Computer (<a data-ct-non-breakable="null" href="https://cointelegraph.com/internet-computer-icp-price-index" rel="null" target="null" text="null">ICP</a>) at $3.8 billion, Artificial Superintelligence Alliance (<a data-ct-non-breakable="null" href="https://cointelegraph.com/fetch-ai-price-index" rel="null" target="null" text="null">FET</a>) at $3.4 billion and Bittensor (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bittensor-price-index" rel="null" target="null" text="null">TAO</a>) at $2.8 billion.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/singularitynet-asi-token-merger-dates" rel="null" target="null" text="null">SingularityNET announces ASI token merger dates for FET, AGIX, OCEAN</a>
Market volatility negatively impacted investors’ sentiment during this time, as the Crypto Fear &amp; Greed Index by Alternative.me <a data-ct-non-breakable="null" href="https://alternative.me/crypto/fear-and-greed-index/" rel="null" target="null" text="null">reached</a> “extreme fear” levels.
<h2 id="ai-tokens-surge-amid-improved-investors-sentiment">AI tokens surge amid improved investors’ sentiment</h2>
However, the sentiment returned to “neutral” as markets began recovering and crypto investors sought to recoup losses.&nbsp;
 
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 <img alt="AI tokens market cap rebound 79.7% to $32B amid renewed investor confidence" name="" src="https://s3.cointelegraph.com/uploads/2024-08/01919304-91fa-75af-9cd8-c7cf89ae00d0">
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 Crypto market sentiment analysis. Source: <a data-ct-non-breakable="null" href="https://alternative.me/crypto/fear-and-greed-index/" rel="nofollow noopener" target="_blank" text="null">Alternative.me</a>
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The Fear &amp; Greed Index aims to measure the emotions of crypto investors and can now serve as a useful indicator for making investment decisions.
Onchain analytics platform Lookonchain observed the big gains and noted strange whale transaction behavior in FET in an Aug. 26 X <a data-ct-non-breakable="null" href="https://x.com/lookonchain/status/1827880557042430457" rel="nofollow noopener" target="_blank" text="null">post</a>.&nbsp;
It noted that a whale “seemed to regret selling” at a lower price before spending $2.38 million Tether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/tether-price-index" rel="null" target="null" text="null">USDT</a>) to repurchase 1.79 million FET tokens from Binance at a higher price of $1.33 on Aug. 25.&nbsp;
 Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/algorithm-choice-can-fix-social-media-but-only-on-decentralized-platforms/" rel="null" target="null" text="null">Dorsey’s ‘marketplace of algorithms’ could fix social media… so why hasn’t it?</a>

AI tokens market cap rebound 79.7% to $32B amid renewed investor confidence

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Cointelegraph

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