Artificial Intelligence, perpetual contracts, and trading bots are three key crypto narratives to watch this week. AI-focused tokens like TAO and FET have risen 61% and 71%, while VIRTUAL reached a $3.3 billion market cap, making it the second-largest AI token.

Perpetuals have also gained momentum, with Hyperliquid driving $98 billion in weekly DEX volume and its token, HYPE, becoming a top 20 cryptocurrency. Meanwhile, trading bots like Trojan, Banana, and Bonkbot are recording hundreds of millions in weekly volume, positioning tokens like BANANA and BONK for further gains if the trend persists.

Artificial Intelligence

Artificial Intelligence emerged as one of the most prominent narratives in crypto throughout 2024, with significant price gains and market milestones achieved by several AI-focused tokens. Tokens like TAO and FET saw impressive increases of 61% and 71%, respectively, showcasing strong investor interest.

Additionally, VIRTUAL reached a market cap of $3.3 billion, establishing itself as the second-largest AI-focused coin, just behind RENDER. These developments highlight how AI-driven projects captured a significant share of market attention and investment, solidifying their role in the broader crypto ecosystem.

Looking ahead, the rise of crypto AI agents is fueling expectations of further growth for projects aligned with this trend. Coins like VIRTUAL, ai16z, and ZEREBRO stand out as potential beneficiaries in the coming weeks as they position themselves to capitalize on the increasing narrative not just around artificial intelligence but also on specific crypto AI agents.

Perpetuals

The past few weeks have been remarkable for Go to Source to See Full Article
Author: Tiago Amaral