ApeCoin Crypto Drops to a New Low, How Much?

In early 2023 the rise of products incorporating artificial intelligence (AI) saw a significant increase and this entered the crypto industry.

Reporting from Bitcoin.com, Monday (29/5/2023), the trend of AI is permeating the cryptocurrency sphere, generating up to 74 AI-centric tokens with a total overall market capitalization of USD 4.03 billion or equivalent to IDR 60.2 trillion ( assuming an exchange rate of IDR 14,955 per US dollar) at the end of February 2023.

At its peak, the AI-based crypto market recorded a 24-hour trading volume of USD 444.39 million or the equivalent of IDR 6.6 trillion on 27 February 2023.

Currently, the trading volume and market valuation within the AI ​​crypto sector has decreased significantly. Data from the cryptostate reveals a total of 89 ktipyo assets related to AI are currently worth USD 2.93 billion or equivalent to IDR 43.8 trillion.

Overall, the market capitalization of AI-based cryptocurrencies has lost around USD 1.1 billion in value in the last 90 days.

The largest AI cryptocurrency by market cap, chart (GRT Coin), lost 12.27 percent. Singularitynet (AGIX), ranking second in terms of market capitalization among crypto AI, lost 8.25 percent against the US dollar during this period.

Additionally, the OCEAN protocol saw a 3.66 percent decline against the US dollar, while FET suffered the most significant loss among the top five AI currencies in the past month, dropping 22.84 percent.

Meanwhile, iexec rlc (RLC), the fifth largest AI coin by market capitalization, has lost at least 0.05 percent in the last 30 days.