Mon Sep 23 22:00:49 UTC 2024: ## AI Tokens Surge, Bittensor (TAO) Leads the Charge with 86.2% Weekly Gain
**CryptoSlate** – Artificial intelligence (AI) tokens are outperforming the market, registering an average return of 37% over the past seven days, according to Artemis’ data. This is more than double the market’s average gain of 15.9% during the same period.
The surge is primarily attributed to Bittensor (TAO), which soared 86.2% in the last week. Other AI-related tokens like Artificial Superintelligence Alliance (ASI) and Render (RENDER) also saw significant gains, climbing 31% and 30.3% respectively.
Overall, 11 AI tokens tracked by Artemis recorded double-digit gains exceeding 20% within the past week.
While AI tokens dominate the top performers, data services and data availability tokens, such as Celestia (TIA) and Dymension (DYM), also registered strong weekly gains of 27.1% and 33.6% respectively.
Real-world assets (RWA) and gaming-related tokens follow closely, both experiencing approximately 22.5% growth in the past week.
On the other hand, decentralized application (dApp) native tokens like Uniswap (UNI) and Jupiter (JUP) only managed a 15% weekly upside, falling just short of the market average performance.
Memecoins, despite being the top performing sector in the first quarter, underperformed the market average, registering an 11.1% gain in the last seven days.
Kaiko, a market data provider, suggests that market makers might be shifting their focus from altcoins to more consolidated assets like Bitcoin due to increased risk aversion.
The recent rally in AI tokens, driven by derivatives trading, might lead to a consolidation period without significant spot volume.
**Disclaimer:** This article is for informational purposes only and should not be considered investment advice. Always conduct your own research before making any investment decisions.
First Piper 