AI Crypto: US' Tops Global Share of Interest at 19%

AI cryptocurrencies are tokens that power AI blockchain platforms. Though new in the market, they are making headway worldwide. Most countries are adopting AI crypto coins, with the US commanding a significant 19% share of global interest, according to BanklessTimes.com.

BanklessTimes CEO Jonathan Merry commented on the trend:

The AI wave has reached the cryptosphere, and people have already accepted it. AI-based tools aim to assist in various aspects of crypto trading by leveraging their ability to analyze large data sets, identify patterns, and make data-driven predictions.

BanklessTimes CEO Jonathan Merry

Regional Adoption

Following the US, the UK holds the second position with a 9.1% interest share, trailed by Turkey at 6.5%. South Asia is progressively making headway, with four countries from the region ranking among the top 15 on the list.

The Philippines commands a 3% interest share, while Singapore and Indonesia each hold 2.2%, and Vietnam stands at 1.2%. These nations underscore the potential for South Asia to assert dominance in the global AI crypto market.

The Netherlands, Germany, Poland, and France are among the European Union countries featured on the list. Netherlands leads the perk with 5.6%. The top 15 countries control the AI crypto narrative with a 74.4% share of market interest.

AI Crypto Performance

As Q1 2024 ended, Bittensor (TAO) emerged as the top AI crypto, boasting a market capitalization of $3.85 billion. TAO maintained its dominance throughout the quarter, experiencing a significant rally from January to March. Render (RNDR) followed closely behind, with a market capitalization of $3.03 billion. According to CoinGecko, Fetch.ai (FET) secured the third position, with a market capitalization of $1.41 billion.

In the initial week of April, TAO experienced a slight decrease in market cap to $3.836 billion, while RNDR witnessed a rise to $3.654 billion, and FET's market cap reached $2.788 billion. Despite FET's growth in market cap, it slipped to the fourth position, making room for The Graph (GRT) with a market cap of $3.229 billion. Among the plethora of AI cryptos, TAO, RNDR, and FET remain favored by investors due to their impressive price performance and robust market capitalization.

Generally, AI crypto coins saw significant growth, rising an average of 257.2% between the year's first two months.