Artificial Superintelligence Alliance

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Artificial intelligence and big data tokens have seen their market capitalization soar by 131.4% since hitting their lowest point of the year on June 8, riding the momentum of Bitcoin’s ongoing bull run.
On Nov. 19, the total market capitalization of AI and big data crypto projects and tokens grew to $42.1 billion, led by Near Protocol (<a data-ct-non-breakable="null" href="https://cointelegraph.com/near-protocol-price-index" rel="nofollow noopener" target="_blank" text="null" title="https://cointelegraph.com/near-protocol-price-index">NEAR</a>), Internet Computer (<a data-ct-non-breakable="null" href="https://cointelegraph.com/internet-computer-icp-price-index" rel="null" target="null" text="null" title="null">ICP</a>) and Render (<a data-ct-non-breakable="null" href="https://cointelegraph.com/render-price-index" rel="null" target="null" text="null" title="null">RENDER</a>), according to <a data-ct-non-breakable="null" href="https://pro.cointelegraph.com/" rel="null" target="null" text="null" title="null">data from Cointelegraph Markets Pro</a> and CoinMarketCap.
<figure>
 <img alt="Market Capitalization, CMC" src="https://s3.cointelegraph.com/uploads/2024-11/0193437f-757d-7991-a886-5ca1f97bcdce" title="">
 <figcaption style="text-align: center;">
 Market capitalization and volume of AI and big data tokens, 30 days. Source: CoinMarketCap
 </figcaption>
</figure>
The recent surge in AI token prices can be attributed to overall positive investor sentiment, growing confidence in Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>), regulatory clarity in numerous jurisdictions and no major ecosystem collapses.
<h2 id="ai-tokens-recover-lost-market-capitalization">AI tokens recover lost market capitalization</h2>
In contrast to the current trend, the AI token market had a phase of steady decline in the first half of 2024. The market, which had a peak capitalization of $45 billion on March 15, eventually made its way down to $18.2 billion by June 8.&nbsp;
<figure>
 <img alt="Market Capitalization, CMC" src="https://s3.cointelegraph.com/uploads/2024-11/0193437f-c471-70fb-a5a8-84d51c228b0e" title="">
 <figcaption style="text-align: center;">
 Market capitalization and volume of AI and big data tokens, one year. Source: CoinMarketCap
 </figcaption>
</figure>
However, in the next six months, the AI token market made a U-turn recovery to regain a market capitalization of $42.1 billion. The AI industry is well-positioned to break its record of almost $45 billion to mark a new all-time high by the end of November.
AI tokens, in addition to the projects mentioned above, with over $1 million in market cap, include Bittensor (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bittensor-price-index" rel="null" target="null" text="null" title="null">TAO</a>), Artificial Superintelligence Alliance (<a data-ct-non-breakable="null" href="https://cointelegraph.com/fetch-ai-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/fetch-ai-price-index">FET</a>), Injective (<a data-ct-non-breakable="null" href="https://cointelegraph.com/injective-price-index" rel="null" target="null" text="null" title="null">INJ</a>), The Graph (<a data-ct-non-breakable="null" href="https://cointelegraph.com/the-graph-grt-price-index" rel="null" target="null" text="null" title="null">GRT</a>), Theta Network (<a data-ct-non-breakable="null" href="https://cointelegraph.com/theta-price-index" rel="null" target="null" text="null" title="null">THETA</a>) and Akash Network (<a data-ct-non-breakable="null" href="https://cointelegraph.com/akash-network-price-index" rel="null" target="null" text="null" title="null">AKT</a>).
<h2 id="crypto-markets-comparable-to-traditional-banking-giants">Crypto markets comparable to traditional banking giants</h2>
The cumulative market capitalization of the entire <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-market-cap-soars-new-all-time-high" rel="null" target="null" text="null" title="null">crypto market is currently estimated at $3.09 trillion</a>, according to CoinMarketCap data. As a result, AI tokens represent just 1.36% of the crypto market — signaling a huge scope for growth.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-ath-market-cap-1-6-trillion" rel="null" target="null" text="null" title="null">New record: Bitcoin surpasses $1.6 trillion market cap</a>
On Nov. 10, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-hits-3200-surpasses-bank-of-america" rel="null" target="null" text="null" title="null">Ethereum surpassed Bank of America</a> in terms of market capitalization, standing at around $383 billion.&nbsp;
<figure>
 <img alt="Market Capitalization, CMC" src="https://s3.cointelegraph.com/uploads/2024-11/01934380-1b8d-7199-beff-6262982e3bdb" title="">
 <figcaption style="text-align: center;">
 Chart showing Bank of America’s market capitalization currently sits at $346 billion. Source: CompaniesMarketcap
 </figcaption>
</figure>
The shift signals the increasing acceptance of decentralized finance and crypto assets.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/fbi-tokens-ai-crypto-wash-trades-is-it-legal/" rel="null" target="null" text="null" title="null">Legal issues surround the FBI’s creation of fake crypto tokens</a>

AI and big data tokens surge 131% amid Bitcoin rull run

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