AI Crypto Boom: NEAR, Bittensor, Render Lead Market Cap Rankings
1min read The AI crypto sector has witnessed a significant boom, with NEAR Protocol, Bittensor (TAO), and Render (RNDR) leading the market capitalization rankings. Despite recent price fluctuations, these projects have maintained their positions as top contenders in the rapidly growing sector.
NEAR Protocol currently leads the AI crypto sector with a market capitalization of $4.12 billion. Although NEAR has experienced a 50% loss over the past three months, it has managed to maintain a weekly gain of 1.09%. NEAR is trading at $3.46, down 2.1% over the past day.
Bittensor (TAO) ranks second with a market capitalization of $3.69 billion. TAO has shown strong performance, with a 19% weekly gain and a 1.45% gain over the past 24 hours. Unlike NEAR, TAO has only dipped by 20% in the last three months, demonstrating more stable price performance.
Render (RNDR) holds a market capitalization of $2.2 billion but has faced price struggles in recent months. RNDR has dropped by 40% in the past month and 50% over the last three months, with its current price at $4.24.
Other significant AI-related tokens include Fetch.ai (FET), Injective (INJ), Theta Network (THETA), The Graph (GRT), Virtual Protocol, AIOZ Network, and OriginTrail (TRAC), which round out the top 10 in market capitalization.
The rapid expansion of the AI crypto sector reflects growing investor interest in blockchain-powered AI applications. Projects like Bittensor and Render are pioneering decentralized AI model marketplaces and distributed GPU rendering for AI and visual computing, respectively. As institutional and retail attention on AI and blockchain convergence increases, the sector's continued evolution could lead to further shifts in dominance among these projects.
