Altcoin
Top performing AI altcoin this week
The global cryptocurrency market is currently sluggish following a recent recession. This upheaval also affected the artificial intelligence (AI) cryptocurrency sector which saw a decline of 3% to reach a market capitalization of $38.9 billion. Additionally, with a 24-hour trading volume of $2.45 billion, the AI sector saw a 10% decline. This bearish trend has had a broad and popular impact AI Crypto Coins including the graph, Renderis near. Despite these challenging conditions, a number of alternative cryptocurrencies managed to defy the odds and achieve impressive performances during the week. These are the best performing AI-based cryptocurrencies that have stood out.
1.Turbo (TURBO)
The Turbo token has shone brightly this week, demonstrating incredible resilience and growth. Currently valued at $0.006516, TURBO recorded a growth of 136.75% in the last week. The market capitalization increased to $414.89 million, along with a 24-hour trading volume of $326.32 million.
TURBO’s significant expansion during a broader market decline highlights its solid potential and investor confidence, especially after reaching an all-time high of $0.00978 on May 29, 2024.
Described as a meme-based cryptocurrency created by artificial intelligence (AI) for people, TURBO began as a bold venture in the development of digital currencies.
Motivated by the potential of artificial intelligence, the meme coin has evolved into a community-driven, decentralized crypto journey.
2. Volt Inu (VOLT)
Volt Inu also showed impressive performance, although it was slightly less prominent than Turbo. Volt Inu it is currently valued at $0.00000005701, showing an increase of 30.43% over the past week.
VOLT has been steadily moving higher with a market cap of $31.2 million and trading volume of $7.79 million over the past 24 hours. The ability of this AI altcoin is active Ethereum Attracting and maintaining 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 hodlers NFTs node splitting and acquisition, leading to continuous revenue generation for $VOLT holders.
3. App Phase (FITFI)
Step App showed a commendable performance this week, with its price reaching $0.009129. In the last seven days Step App has recorded an increase of 26.33%. Its market capitalization stands at $23.1 million and has a 24-hour trading volume of $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 for FitFi (Fitness Finance) protocol. Users and their metaverse avatars participate in fitness missions and PvP challenges, earning income through consuming fitness content.
The app combines augmented reality technology with game mechanics, allowing users to compete in real-world and metaverse tasks. The economy is supported by two tokens, FITFI and KCAL, which offer various in-game benefits and rewards.
Created in Q4 2021, the app aims to promote physical activity and daily exercise.
Conclusion
While the overall cryptocurrency market, including the AI cryptocurrency sector, is experiencing a significant downturn, these AI altcoins have managed to perform exceptionally well. Turbo, Volt Inu and Step App have all demonstrated resilience and growth, attracting investor attention and challenging the broader market trend. As the market continues to navigate this volatile period, these altcoins are worth keeping an eye on for their potential to deliver continued growth and returns.