CandleFocus AI Tokens Show Signs of Outperforming Meme Coins
2024-10-16
Author: Content Editor
The market capitalization of AI-related projects has experienced a resurgence in October, indicating growing investor interest. Although meme coins and Solana meme coins still dominate the market, recent data shows that AI tokens have outperformed other sectors in terms of price performance. The market capitalization of AI coins has more than doubled since August, and daily trading volumes have consistently remained above $2 billion in October. Venture capital firms have also shown interest in AI projects, with most investments focusing on the Seed Round and Early Stage. This signals confidence in the long-term prospects of the AI sector. VanEck Ventures, a New York-based investment management firm, has recently launched a venture focused on cryptocurrencies and AI.
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