AI Token Market Plunges: Leading Projects See Up to 90% Drop from 2024 Peak

AI Cryptocurrency Tokens Plunge Up to 90% Since January Peak, Led by ARC, ElizaOS Decline

  • AI-focused cryptocurrencies have experienced severe market corrections, with some tokens losing up to 90% of their value since January 2024.
  • Major platforms including ARC, ElizaOS, and Virtuals have seen market capitalization declines between 75% and 90%.
  • Market analysts attribute the decline to liquidity shifts rather than fundamental problems.
  • The correction follows significant gains achieved during Q4 2023.
  • The AI token sector has emerged as one of the most impacted segments during the broader cryptocurrency market decline.

The Artificial Intelligence cryptocurrency sector has experienced a dramatic market correction, with leading tokens losing up to 90% of their value since reaching peak levels in early 2024, according to recent market data from CoinGecko.

- Advertisement -

Notable casualties in the AI token space include AI Rig Complex (ARC), ElizaOS (AI16Z), and Virtuals (VIRTUAL), which have each witnessed their market capitalizations diminish by three-quarters or more since January. Market analysts suggest that these substantial losses stem primarily from shifting market liquidity patterns rather than deteriorating fundamentals in the AI crypto sector.

The severity of the correction is particularly noteworthy given the sector’s remarkable performance in late 2023. AI-focused tokens had emerged as one of the cryptocurrency market’s strongest performers during Q4 2023, attracting significant investor attention amid growing interest in artificial intelligence applications within blockchain technology.

Agentic AI tokens, which represent platforms designed to facilitate autonomous AI agents on blockchain networks, have been disproportionately affected by the broader cryptocurrency market downturn that began in January. This segment’s sharp decline highlights the volatile nature of emerging cryptocurrency subsectors, even within the context of the already volatile digital asset market.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest

Congress Debates Stablecoin Bill Amid Rising Bank and Crypto Tensions

U.S. lawmakers are moving forward with the Senate Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, with debates set to resume after...

American Engineer Drugged, Robbed in Sophisticated London Crypto Heist

An American software engineer lost approximately $123,000 in cryptocurrency after being drugged and robbed in London.The victim was targeted by an impersonator posing as...

Max Keiser Doubts New Bitcoin Treasuries’ Discipline in Bear Market

Bitcoin-focused companies are increasingly copying the treasury strategy used by Michael Saylor's Strategy.Max Keiser raised doubts about whether these newer companies can maintain commitment...

South Korea Election Puts Crypto Policy at Center of Debate

Nearly one-third of South Koreans hold digital assets, making crypto a vital issue in the upcoming presidential election.Both major parties support crypto exchange-traded funds...

Scottsdale Residents Lose $6M to Crypto Scams; Police Respond

Scottsdale residents have reported losing over $6 million to cryptocurrency Scams in 2024.Authorities say actual losses could be higher, as not all cases are...

Must Read

How to Buy VPS with Crypto from Hostinger – Step by Step guide

Did you know that nowadays you can use Bitcoin to purchase a Windows VPS? If you’re here, you’re probably wondering how to do it....