The market value of the AI token sector has shrunk by nearly a third from its peak of over $70 billion in early December
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Odaily reported that although people are optimistic that more favorable cryptocurrency regulations in 2025 will drive the arrival of the Altcoin season, the total market capitalization of the AI cryptocurrency sector has shrunk by nearly a third. CoinMarketCap data shows that as of 7:15 UTC, the total market capitalization of AI cryptocurrencies was $50.5 billion, down more than 28% from the peak of $70.4 billion on December 7. The total trading volume of AI tokens has also declined, dropping nearly 11% in the past month to the current $4.73 billion, which may indicate a decrease in trader interest in such cryptocurrencies. According to Cointelegraph Markets Pro data, the nearly 30% drop in AI cryptocurrencies occurred amid a broader downtrend in the cryptocurrency market, with Bitcoin price experiencing over a 14% correction from its all-time high of over $18,000 on December 17. It is worth noting that more and more analysts expect the Altcoin season to arrive in 2025, when Bitcoin's profits may flow into smaller cryptocurrencies including AI tokens.
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