AI Cryptocurrencies RNDR and FET Surge: Industry Grows 8% in Second Round of Expansion
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- AI tokens have shown significant gains in the first quarter of 2024, with the crypto market recovering over the weekend from the May 1st retrace.
- Industry experts believe that the AI sector is poised for a second round this cycle.
- Fetch.ai (FET), the largest AI token by market capitalization, saw gains of 378.3% during this period.
AI tokens are making a significant impact in the crypto market, with industry experts predicting a second round of gains. Fetch.ai leads the pack with a 378.3% gain in Q1 2024.
AI Sector Recovers By 8%
AI tokens and memecoins have been the hot topics of 2024, responsible for most of the massive gains during this cycle. According to CoinGecko’s report, AI was one of the three sectors that delivered three-digit returns in Q1. The largest AI token by market capitalization, Fetch.ai (FET), saw gains of 378.3% during this period. As a result, some analysts deem the AI sector to be the next main narrative of the cycle.