Altcoins
Top Performing AI Altcoins This Week
The global cryptocurrency market is currently slowing down after a recent downturn. This upheaval also affected the artificial intelligence (IA) cryptocurrency sector which saw a 3% decline to $38.9 billion in market capitalization. Additionally, with a 24-hour trading volume of $2.45 billion, the AI sector saw a 10% decline. This downward trend has had a significant and popular impact AI Crypto Coins including chart, Give back, and NEAR. Despite these difficult conditions, a number of alternative cryptocurrencies managed to defy the odds and achieve impressive performances during the week. It was the top-performing AI-based cryptos that stood out.
1. Turbo (TURBO)
The Turbo token shined this week, demonstrating incredible resilience and growth. Currently valued at $0.006516, TURBO saw a growth of 136.75% last week. The market capitalization increased to $414.89 million, coupled with a 24-hour trading volume of $326.32 million.
TURBO’s significant expansion during a broader market decline highlights its strong potential and investor confidence, especially after hitting an all-time high of $0.00978 on May 29, 2024.
Described as a meme-based cryptocurrency created by artificial intelligence (AI) for the people, TURBO began as a bold venture into the development of digital currencies.
Motivated by the potential of AI, the meme coin evolved into a decentralized, community-led crypto journey.
2. Volt Inu (VOLT)
Volt Inu also showed impressive performance, although it was slightly less than Turbo’s. Volt Inu is currently valued at $0.00000005701, showing an increase of 30.43% in the past week.
VOLT has been consistently moving in an upward direction with a market capitalization of $31.2 million and a trading volume of $7.79 million in the last 24 hours. The ability of this AI altcoin on Ethereum attracting and retaining investor interest remains strong even in bearish market conditions.
$VOLT is a deflationary token on Ethereum with increasing value. It uses deflationary techniques and generates revenue through blue-chip NFTs, Stablecoin staking, altcoins, and yield farming. Passive income benefits all owners NFT splitting and acquiring nodes, leading to continued revenue generation for $VOLT holders.
3. Application Step (FITFI)
Step app showed a commendable performance this week, with its price reaching $0.009129. Over the past seven days, Step App has seen an increase of 26.33%. Its market capitalization is $23.1 million and its 24-hour trading volume is $8.3 million.
The constant growth of this AI altcoin on avalanche ecosystem, suggests a strong underlying project and a dedicated community that supports it.
FITFI is a fitness-focused project that uses the Step protocol for FitFi (Fitness Finance). Users and their metaverse avatars participate in fitness quests and PvP challenges, earning income through consumption of fitness content.
The app combines augmented reality technology with gaming mechanics, allowing users to participate in real-world and metaverse activities. The economy is supported by two tokens, FITFI and KCAL, offering various gaming benefits and rewards.
Created in the fourth quarter of 2021, the app aims to promote daily physical activity and exercise.
Conclusion
While the overall cryptocurrency market, including the AI crypto sector, is experiencing a significant slowdown, these AI altcoins have managed to achieve exceptional performance. Turbo, Volt Inu and Step App have all demonstrated resilience and growth, attracting investor attention and defying the broader market trend. As the market continues to navigate this volatile period, these altcoins are worth monitoring due to their potential to generate continued growth and returns.