фото показано с : cryptoslate.com

Artificial intelligence (AI) tokens are leading the weekly gains in crypto, registering an average return of 37% over the past seven days, according to Artemis’ data.

The performance shown by AI tokens is more than double the market’s 15.9% average gain over the period. The movement was primarily driven by Bittensor (TAO), which climbed 86.2% in the last seven days.

Additionally, the 11 AI-related tokens tracked by Artemis registered double-digit gains, surpassing 20% in the same period. Artificial Superintelligence Alliance (ASI) and Render (RENDER) took the second and third spots in terms of weekly returns, growing 31% and 30.3%, respectively.

AI tokens have increased 10.5% over the past 24 hours, nearly triple the market’s average gain of 3.7% over the same period.

Just 9 out of the 22 crypto sectors tracked by Artemis overperformed the market average gains. Tokens related to data services and data availability, such as Celestia (TIA) and Dymension (DYM), registered weekly gains of 27.1% and 33.6% respectively.

The sector of real-world assets (RWA) is virtually tied with gaming-related tokens, as they both went up roughly 22.5% in the past week, wrapping up the five best-performing crypto areas in the weekly timeframe.

On the underperforming side, native tokens of decentralized applications, such as Uniswap (UNI) and Jupiter (JUP), registered a 15% weekly upside and were just 0.9% short of the market average performance.

Despite being the crypto narrative with the best performance during the first quarter, memecoins have failed to perform better than the market’s average. Memecoins averaged an 11.1% gain over the last seven days, nearly 5% below the total market average.

The disconnect between different altcoin sectors was highlighted in a Sept. 23 report by Kaiko. The market depth of altcoins remained steady at $270 million in Q3, suggesting that market makers are still providing liquidity for these markets.

However, by breaking down the assets, the 10 altcoins with larger market caps account for 60% of the total depth this month, up from 50% in early 2022.

Meanwhile, when assessing the 20 largest altcoins by market cap, the depth declined from 27% to 14% in the same period.

Kaiko analysts suggested that this could be related to market makers reducing the risk in their portfolios and moving funds to more consolidated assets such as Bitcoin.

The post AI tokens lead weekly gains after Fed’s interest rate cut appeared first on CryptoSlate.

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