After a significant slump, the AI and big data crypto market cap has rebounded by nearly 80%, driven by renewed investor confidence.
The market capitalization of artificial intelligence and big data cryptocurrency projects and tokens has surged by 79.7% over the past three weeks, reflecting renewed confidence among crypto investors.
On Aug. 6, the total market cap of AI and big data crypto projects recorded a yearly low of $18.21 billion, primarily due to its indirect reliance on the underperforming price of Bitcoin (BTC) and crypto markets in general. At the time, Bitcoin’s price fell sharply under $50,000, according to data from Cointelegraph Markets Pro and TradingView.
