Bitcoin hits new ATH at $93,000, fueled by U.S. Senator Cynthia Lummis’s Bitcoin reserve bill for 2025; crypto market cap soars past $3 trillion.
- Bitcoin breaks $93,000 ATH: U.S. Senator Cynthia Lummis pushes Bitcoin reserve bill for early 2025, blasting crypto market cap past $3 trillion.
- AI tokens surge: Nine of the top 10 AI tokens gain value; AIOZ Network leads with 85.1% weekly growth.
- Key developments in AI: AltLayer launches AI agent platform; PAAL AI merger vote begins with 6.24:1 FET conversion ratio.
- Major funding for AI: Zero Gravity Labs raises $40M and secures a $250M agreement for decentralized AI OS, enhancing blockchain-integrated AI deployment.
It’s that time again.
Before we take a look at how the AI token sector responded, let’s do a quick market overview.
>> Did you miss last week’s AI recap? Check it out here.
The rest of the cryptocurrency market responded accordingly. The total market capitalization of all cryptocurrencies smashed through $3 trillion earlier today. BTC still maintains an extraordinarily high 59.8% dominance—close to its highest value this year.
Source: TradingView
The CoinMarketCap Fear & Greed Index now sits at 87/100, its highest value since March 2024. This indicates that extreme greed currently permeates the market.
This momentum has also spilled over into the AI sector.
The market capitalization of all AI tokens now sits at $40.2 billion. This is its highest value in more than six months and an improvement of more than 33% in a week.
Scrolling down to some of the smaller-cap AI tokens, we find a handful of particularly impressive performers. These include:
Meanwhile, so-called “sentient” AI meme coins like Goatseus Maximus (GOAT) and Fartcoin (Fartcoin) have been smashing through successive highs.
When it comes to relative performance, the AI sector isn’t putting on a particularly impressive show.
As is customary in bull markets, projects commonly withhold updates, developments and bullish news until market conditions are favorable.
Given that market conditions don’t get much more favorable than they are right now, there’s an avalanche of interesting updates to catch up on.
We’ve highlighted five of the most important stories this week to help you get up to speed:
AltLayer Unveils AI Agent Solution: AltLayer launched “Autonome,” a new platform enabling users to deploy autonomous AI agents on its blockchain rollup infrastructure. These AI agents are designed to handle tasks like trading, data analysis, and other automated functions while leveraging the scalability and security features of AltLayer’s technology.
PAAL AI Considered for Token Merger: The ASI Alliance is considering integrating the personalized AI ecosystem token PAAL into its ecosystem—pending community approval. The community vote will take place between Nov. 18 and 23, 2024. If the community votes in favor, $PAAL will be migrated to $FET at a 6.24:1 FET ratio.
Artificial Superintelligence Alliance Deploys Proto-AGI in Minecraft: The ASI Alliance has introduced AIRIS (Autonomous Intelligent Reinforcement Inferred Symbolism), a proto-AGI that learns within Minecraft. AIRIS adapts in real time, refining its rule set based on in-game experiences, marking a significant step toward practical, scalable neural-symbolic learning.
>> And that’s a wrap for this week’s AI roundup! Let’s hope this trend continues in the weeks ahead!
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
