{"id":20123,"date":"2023-04-22T20:34:37","date_gmt":"2023-04-22T20:34:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-ai-economy-suffers-730-million-loss-in-2-months-as-interest-wanes-bitcoin-news\/"},"modified":"2023-04-22T20:34:37","modified_gmt":"2023-04-22T20:34:37","slug":"crypto-ai-economy-suffers-730-million-loss-in-2-months-as-interest-wanes-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-ai-economy-suffers-730-million-loss-in-2-months-as-interest-wanes-bitcoin-news\/","title":{"rendered":"Crypto AI Economy Suffers $730 Million Loss in 2 Months as Interest Wanes \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Less than two months ago, a collection of 74 listed cryptocurrencies centered around artificial intelligence (AI) amassed an impressive $4 billion valuation. However, the intervening weeks have seen a sharp decline in crypto-AI economy gains, with losses of $730 million. The three most prominent AI-driven crypto projects have all suffered double-digit losses, ranging from 10% to 29.58%, against the U.S. dollar over the last 30 days.<\/strong><\/p>\n

Interest in the Combination of Crypto and Artificial Intelligence Has Declined, Crypto-AI Token Economy Sheds $730M<\/h2>\n

Various data points suggest that interest in and value of crypto-AI projects has waned. Global search trends<\/a> for \u201ccrypto ai\u201d peaked in early February 2023, with a Google Trends\u2019 score of 100. Despite the rise, over the past 90 days, the score has slumped to a low of 22. Slovenia, the Netherlands, Cyprus, Lebanon, and Nigeria make up the top five countries interested in \u201ccrypto ai\u201d searches at present.<\/p>\n

\"Crypto
Global search trends according to Google for the term \u201ccrypto ai\u201d between Jan. 22, 2023, to April 18, 2023.<\/figcaption><\/figure>\n

In February, the collective crypto AI economy reached a $4 billion milestone<\/a>, driven by impressive gains among top AI-focused cryptocurrencies following a multibillion-dollar investment<\/a> by Microsoft in Openai, the creators of Chatgpt. However, the crypto AI sector has since incurred significant losses. Current data<\/a> from cryptoslate.com indicates that $730 million has been wiped off the crypto AI token economy.<\/p>\n

\"Crypto
The crypto asset singularitynet (AGIX) lost 29.58% in 30 days and 21.51% this past week.<\/figcaption><\/figure>\n

The largest crypto AI asset by market capitalization, graph (GRT), has suffered a loss of 10.71% in the past month. The second largest AI-centric crypto asset, singularitynet (AGIX), has fared worse, down 29.58% in the same period. Fetch (FET), the third largest crypto AI token, has seen a 14.36% drop in value over the past 30 days. Most of these losses occurred during the last seven days of trading, coinciding with a general downturn in the broader crypto market.<\/p>\n

Overall, the crypto tokens associated with artificial intelligence have declined by 7.38%. The past week has been particularly rough, with a drop of 15.70% recorded. Currently, the 24-hour global trade volume for the crypto AI sector stands at $325.58 million. Interestingly, the cannabis-focused crypto sector is currently the top performer, having gained 3.89% against the greenback in the past week, according to data from cryptoslate.com.<\/p>\n

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Artificial Intelligence<\/a>, cannabis cryptos<\/a>, Crypto AI<\/a>, Cryptocurrency<\/a>, fetch<\/a>, Google trends<\/a>, graph<\/a>, Losses<\/a>, Market Capitalization<\/a>, Market Valuation<\/a>, search interest<\/a>, Singularitynet<\/a><\/div>\n<\/div>\n

What do you think the future holds for the intersection of AI and cryptocurrency? Why do you think interest in crypto-ai projects is waning? Share your thoughts about this subject in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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