Synthetic intelligence (AI) tokens are main the cryptocurrency's weekly rally, posting a mean return of 37% over the previous seven days, based on Artemis information.
AI Token's efficiency is greater than double the market's common achieve of 15.9% over this era. The transfer was primarily pushed by Bittensor (TAO), which has risen 86.2% over the previous seven days.
Moreover, Artemis is monitoring 11 AI-related tokens: They posted double-digit positive aspects of over 20% over the identical interval. Synthetic Intelligence Alliance (ASI) and RENDER (RENDER) took the second and third locations in weekly returns, rising 31% and 30.3%, respectively. every.
AI Token has risen 10.5% over the previous 24 hours, almost triple the market common of three.7% over the identical interval.
Knowledge, RWA, and Video games
Of the 22 crypto sectors tracked by Artemis, solely 9 rose above the market common. Tokens associated to information providers and availability, similar to Celestia (TIA) and Dymension (DYM), posted weekly positive aspects of 27.1% and 33.6%, respectively.
The actual world property (RWA) sector was just about tied with gaming-related tokens, each of which have been up about 22.5% over the previous week, rounding out the highest 5 best-performing cryptocurrency areas on a weekly foundation.
However, on the underperforming facet, native tokens of decentralized purposes similar to Uniswap (UNI) and Jupiter (JUP) recorded weekly positive aspects of 15%, simply 0.9% under the market common efficiency.
Regardless of being the best-performing cryptocurrency within the first quarter, Memecoin did not outperform the market common: it has risen a mean of 11.1% over the previous seven days, almost 5% under the market common.
Concentrated Liquidity
The disconnect between totally different altcoin sectors was highlighted in a Sept. 23 report from Kaiko, which discovered that altcoin market cap remained secure at $270 million in Q3, suggesting that market makers are nonetheless offering liquidity to those markets.
Nevertheless, breaking down property, the ten largest altcoins by market capitalization accounted for 60% of whole property this month, up from 50% at first of 2022.
In the meantime, when evaluating the highest 20 altcoins by market cap, the depth decreased from 27% to 14% over the identical interval.
Kaico analysts urged this might be associated to market makers de-risking their portfolios and shifting funds into extra consolidated property similar to Bitcoin.
