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AI Cryptos Eyeing $3 Billion in Market Cap, Here Are Best Performers

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Tue, 24/10/2023 - 14:15
AI Cryptos Eyeing $3 Billion in Market Cap, Here Are Best Performers
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The overhyped segment of so-called AI cryptocurrencies performs well amid growing market optimism. One of its representatives even sees its market capitalization entering 10-digit waters.

AI cryptos again outperform market, $3 billion next stop

Today, Oct. 24, 2023, the segment of AI cryptos registered an 11.6% upsurge in aggregated market cap. As such, this class of assets is now valued over $2.92 billion, per data from CoinGecko's cryptocurrency prices tracker.

AI cryptos prices surging
Image by CoinGecko

Amid large-cap and mid-cap cryptocurrencies, Insure DeFi (SURE) and VectorSpace AI (VXV) demonstrated the most impressive gains.

The first cryptocurrency smashed through $100 million in market capitalization, while VXV jumped above $10 million in the last 24 hours.

The marvelous upsurge of AI cryptocurrencies is aligned with the overall increase of crypto capitalization indicators.

Related
$300 Million in Crypto Shorts Liquidated as Bitcoin (BTC) Jumps to $35,000

As covered by U.Today previously, Bitcoin (BTC) jumped to $35,000 last night. The net crypto market cap increased by 9.8%, while the AI crypto segment is outperfroming with an 11.6% rally.

Injective (INJ) becomes "unicorn," over $1.56 million in shorts liquidated

CoinMarketCap, another large-scale crypto price tracker, indexes large-cap altcoin Injective (INJ) as one more AI cryptocurrency. As covered by U.Today previously, mid-October was particularly bullish for Injective (INJ) in terms of announcements and tech releases.

Related
Major AI Crypto Posts Double-Digit Gains

In total, over the last 24 hours, the INJ price increased by 24% and set a new two-year high. As such, its capitalization exceeded $1.064 billion. Now, the token is the 44th largest crypto by market cap.

During the last trading session, more than $1.77 in INJ/USDT positions were liquidated; short positions are responsible for 90% of this sum.

Graph (GRT) and Render (RNDR) are also performing well in the AI crypto segment in the last 24 hours.

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