1 year ago
A caller report from information analytics steadfast Kaiko revealed decreased trading enactment for AI-related tokens.
The study analyzed play trading volumes for immoderate of the astir fashionable AI-related tokens, specified arsenic Fetch.ai (FET), Injective (INJ), Oasis Network (ROSE), Render (RNDR), SingularityNET (AGIX), and The Graph (GRT). According to Kaiko’s findings, these tokens person experienced the lowest play trading measurement since the opening of the year.
Graph showing the play trading measurement for AI-related tokens from September 2022 to July 2023 (Source: Kaiko)Data from CryptoSlate besides reflects the struggles of the AI token assemblage to support its momentum. Evaluations of the apical 5 AI coins by marketplace headdress bespeak a comparatively level performance, with these tokens recovering astir of their losses from the erstwhile week.
However, contempt these terms recoveries, it is captious to retrieve that terms is not ever an close measurement of wide performance; trading measurement often provides a much telling gauge of a token’s vitality.
| 1 | The Graph | GRT | $0.11323 | +4.13% | -2.76% | -96% |
| 2 | SingularityNET | AGIX | $0.22506 | +4.03% | -5.59% | -88% |
| 3 | Ocean Protocol | OCEAN | $0.35689 | +3.04% | -7.06% | -82% |
| 4 | Fetch | FET | $0.21597 | +2.73% | -4.96% | -82% |
| 5 | dKargo | DKA | $0.03091 | +1.4% | -0.5% | -88% |
Various factors whitethorn person contributed to the observed alteration successful trading activity, though immoderate definitive reasons for this inclination are speculative.
For one, the wide marketplace sentiment whitethorn interaction AI-related tokens, fixed the caller dip successful the broader cryptocurrency market.
Moreover, circumstantial factors unsocial to the AI cryptocurrency sector, specified arsenic regulatory issues, could besides beryllium liable for the decline.
This alteration successful trading measurement raises galore questions regarding the aboriginal trajectory of the AI-token market. While it’s excessively aboriginal to gully definite conclusions, it’s wide that these developments warrant cautious monitoring by investors, traders, and marketplace analysts.
Despite these uncertain times, 1 happening remains constant: the dynamism and unpredictability of the cryptocurrency world.
The station AI tokens spot the lowest play trading measurement this year appeared archetypal connected CryptoSlate.
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