Top Performing AI Altcoins This Week

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As a seasoned crypto investor with a keen interest in artificial intelligence (AI) and its applications in the blockchain space, I’ve witnessed firsthand the recent downturn in the global cryptocurrency market and its impact on the AI crypto sector. The bearish trend, which has caused a 3% drop in market cap to reach $38.9 billion and a 10% decrease in trading volume, has affected large and popular AI crypto coins like The Graph, Render, and NEAR.

The international cryptocurrency market is experiencing a lull following a recent slump. Consequently, the artificial intelligence (AI) cryptocurrency segment has suffered a setback, leading to a 3% decrease in market value to reach an estimated $38.9 billion. Moreover, this sector recorded a trading volume of approximately $2.45 billion over the past 24 hours, reflecting a 10% reduction. Several prominent AI cryptocurrencies like The Graph, Render, and NEAR have been affected by this bearish trend. However, amidst these adverse circumstances, some alternative AI-based cryptocurrencies have bucked the trend and posted impressive gains over the past week. Here are the top performing AI cryptos that have outperformed their peers.

1. Turbo (TURBO)

This week, Turbo token has been a standout performer, showcasing remarkable strength and expansion. With a current value of $0.006516, TURBO has seen a significant surge of 136.75% over the past seven days. The market capitalization now stands at an impressive $414.89 million, accompanied by a robust trading volume of $326.32 million within the last 24 hours.

During a broader market downturn, TURBO‘s substantial growth showcases its strong resilience and investor confidence, particularly noteworthy following its peak price of $0.00978 on May 29, 2024.

As a crypto investor, I’d describe TURBO as an innovative meme-based cryptocurrency brought to life by artificial intelligence (AI). This daring project in the realm of digital currencies was initiated with the people in mind.

Driven by the promise of artificial intelligence, the meme coin has transformed into a decentralized adventure in cryptocurrency guided by the community.

2. Volt Inu (VOLT)

The underdog cryptocurrency, Volt Inu, has displayed remarkable progress, even if it wasn’t as noticeable as Turbo’s. At present, Volt Inu is worth $0.00000005701, representing a substantial 30.43% increase over the past week.

As an analyst, I’ve observed that VOLT has been persistently advancing with a market capitalization of $31.2 million and a trading volume of $7.79 million within the last 24 hours. Despite the prevailing bearish market trends, this AI altcoin on Ethereum continues to draw and retain investor attention.

$VOLT is a deflationary token on the Ethereum blockchain whose value continually rises. This digital asset employs deflationary methods and generates income from various sources, including Blue chip NFTs, stablecoin staking, altcoins, and yield farming. Hodlers (token holders) reap passive income through NFT fractionalization and node acquisition, resulting in a continuous revenue stream for $VOLT investors.

3. Step App (FITFI)

I’ve analyzed the recent trends of Step App’s performance, and I must admit, it has impressed me with its progress this week. The price tag now reads $0.009129. Over the last seven days, there has been a remarkable surge of 26.33%. At present, its market capitalization amounts to a significant $23.1 million, while its trading volume within the past 24 hours reached a noteworthy $8.3 million.

As a crypto investor, I’ve been closely monitoring the impressive growth trajectory of this AI altcoin within the Avalanche ecosystem. This trend indicates to me that there is a robust project at its core and a passionate community deeply invested in its success.

In simpler terms, the FITFI initiative is designed with a focus on health and fitness. It employs the Step protocol for FitFi (Fitness Finance). Users engage in fitness missions and PvP contests using their metaverse personas, generating earnings by consuming relevant health and wellness content.

Using a conversational tone, This app brings together augmented reality and gaming elements, enabling users to participate in both real-life and virtual activities as competitors. The platform is fueled by two distinct tokens, FITFI and KCAL, which bestow diverse gaming benefits and incentives.

Created in Q4 2021, the app aims to promote daily physical activity and exercise.

Conclusion

Despite the cryptocurrency market, including AI-focused coins, undergoing a substantial slump, some AI altcoins like Turbo, Volt Inu, and Step App have bucked the trend and shown remarkable strength. These digital assets have not only withstood the downturn but also recorded growth, piquing investors’ interest. As we navigate through this turbulent market phase, it’s essential to monitor these altcoins for their potential to bring continued expansion and profits.

 

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2024-05-31 13:27