- AI tokens have emerged as the primary focus in terms of prices and trading volume, with VIRTUAL leading the way.
- The top 10 AI tokens in the market saw trading volumes ranging from $680 million to $900 million, showcasing market strength.
The artificial intelligence (AI) token sector has experienced a significant surge alongside the broader crypto market uptrend.
CoinMarketCap data indicates a notable 12.2% increase in overall token prices and a 44% surge in trading volume within the AI segment.
AI asserts dominance in the crypto realm
The AI sector has shown remarkable growth compared to other market segments.
Source: Artemis
Artemis data indicates a 17.4% growth in the AI sector over the past month, positioning it as the second most dominant sector after DePin and the Bitcoin ecosystem.
Recent one-month data reflects a growing investor interest in AI tokens.
Additionally, Coinglass data highlights that the top 10 AI tokens recorded volumes ranging from $680 million to $900 million, with Virtual [VIRTUAL] leading the pack.
Source: Coinglass
The rise in both volume and price signals a growing market momentum, indicating the potential for further growth in the AI sector.Moreover, a closer look at current Funding Rates reveals positive trends for the top 10 AI tokens.
Positive Funding Rates suggest that derivative traders are increasingly opening long positions.
Source: Coinglass
In essence, this indicates that long traders are willing to pay a premium to short traders to prevent significant price discrepancies in the market.
VIRTUAL leads the charge in the market surge
VIRTUAL has witnessed an impressive 83% growth over the past week, with a 16.58% increase in the last 24 hours.There is a potential for further price escalation in upcoming trading sessions based on chart analysis.
Source: TradingView
Analysis suggests that if VIRTUAL surpasses the $1.11 resistance level, there could be a potential 362% surge towards $5.14. This surge follows VIRTUAL breaking a bullish descending resistance trend, typically a precursor to a rally.
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