The market cap of AI tokens surged 79.7% to $32B amid renewed investor confidence.

The market capitalization of artificial intelligence and big data cryptocurrency projects and tokens has increased by 79.7% in the last three weeks, reflecting renewed confidence among crypto investors.

In the year On August 6, the total market capitalization of AI and big data crypto projects hit an annual low of $18.21 billion, largely driven by the low prices of Bitcoin (BTC) and crypto markets in general. At the time, the price of Bitcoin fell below $50,000, according to data from Cointelegraph Markets Pro and TradingView.

The high impact of the Bitcoin market

According to CoinMarketCap, AI and the big data token ecosystem have fueled Bitcoin's price recovery, and on August 25, its market cap comfortably surpassed $38 billion.

In the year As of August 27, top AI and big data tokens by market capitalization include Near Protocol (NEAR) at $5.5 billion, Internet Computing (ICP) at $3.8 billion, Artificial Superintelligence Alliance (FET) at $3.4 billion, and Bittensor. (TAO) for $2.8 billion.

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Market volatility has negatively impacted investor sentiment at this time as Crypto Fear and Greed data reached the “Extreme Fear” level on Options.me.

AI tokens surged amid improved investor sentiment.

However, the sentiment returned to “neutral” as markets began to recover and crypto investors sought to recoup losses.

The fear and greed index aims to measure the sentiment of crypto investors and can now be used as a useful indicator for making investment decisions.

Onchain Analytics Platform Lookonchain In August 26 X Post Sees Huge Gains And Weird Well Trading Behavior In FET.

One whale said he “seems to regret selling” 1.79 million FET tokens from Binance on August 25 at a high of $1.33 before spending $2.38 million in Tether (USDT).

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