Today, we delve into the top AI tokens that have encountered significant losses within the past 24 hours, offering insights into potential challenges and areas for scrutiny.
Bitcoin has repeatedly failed to breach the $67,000 mark in recent days, leading to an increase in bearish sentiment. On April 24, a $2,250 correction sent BTC price to $64,515 and triggered $30 million in leveraged long liquidations.
With several AI tokens registering triple digital growth in 2024, observers are questioning whether many of these projects have merit. Bitcoin price surged past the $66,000 mark on April 22 after spending seven days below this level and testing the $60,000 support on two separate occasions.
However, a closer look reveals that AI-based crypto tokens have been on a positive trajectory over the past month, signaling a broader interest in the intersection of artificial intelligence and blockchain technology.
AI token Losers
- SIDUS $SIDUS: -11.29%
- Synesis One $SNS: -11.11%
- Forta $FORT: -10.72%
- Gaimin $GMRX: -9.84%
- OORT $OORT: -9.25%
- TokenFi $TOKEN: -8.84%
- GT Protocol $GTAI: -7.93%
- AIOZ Network $AIOZ: -7.72%
- Phala Network $PHA: -6.33%
- AIT Protocol $AIT: -6.09%
SIDUS, Forta and Gaimin have all experienced minor downturn in the past 24hrs, reflecting challenges and uncertainties within the AI token sector. As investors navigate through these downturns, conducting thorough research and analysis is essential to mitigate risks and make informed decisions.
We experienced minor loss in general compared to the Top AI tokens 24-hour gainers due to the Bitcoin bearish market move
The correlation between Bitcoin and tech stocks, particularly chip manufacturers like Nvidia (NVDA) and AMD, is noteworthy