Driven by Bittensor's market value rising to US$4 billion, an increase of more than 220%, the overall market value of AI cryptocurrencies exceeded US$10 billion in mid-February. By March this year, the market value of the sector had exceeded $25 billion.
Around March 9, several projects including Bittensor, Fetch.ai, OriginTrail, Worldcoin, and Arkham hit all-time highs, and the overall market value of the sector was close to $30 billion.
The sector's market capitalization has fallen below $25 billion in the past few days, with most of the top 10 AI cryptocurrencies down more than 20% from their highs as investors appeared to book profits following a surge in a potentially overheated market. (CryptoSlate)