Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (2,208)
  • Analysis (2,367)
  • Bitcoin (2,963)
  • Blockchain (1,820)
  • DeFi (2,152)
  • Ethereum (2,119)
  • Event (76)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (2,200)
  • Press Releases (10)
  • Reddit (1,626)
  • Regulation (2,061)
  • Security (2,847)
  • Thought Leadership (3)
  • Videos (43)
Hand picked
  • 115 Million Transactions Cardano Stands Out In A Quiet Market
  • SEC Suspends Crypto Cash Investigation During Shutdown
  • Treasury Firm Solana Forward Industries Files Prospectus, Approves $1 Billion Stock Repurchase Program
  • Why BTC price fell below $100,000 today
  • Edify Engine announces public launch of its AI-powered platform, positioning itself as the “WordPress of 3D”
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Market»AI, Data Services, and Staking Tokens Lead Market Recovery This Week
Market

AI, Data Services, and Staking Tokens Lead Market Recovery This Week

August 24, 2024No Comments
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Ai Pilot.jpg
Share
Facebook Twitter LinkedIn Pinterest Email


Tokens related to staking services, artificial intelligence (AI), and data services have outperformed Bitcoin (BTC) and Ethereum (ETH) during the recent cryptocurrency market rally over the past seven days.

Artemis data shows that BTC and ETH have seen gains of 4.9% and 3.4%, respectively, over the past week.

At the same time, staking service tokens like LDO and RPL climbed 18.8% and 34.4% respectively, totaling a weighted average of 25.7% over the same period. This is almost double the average performance of 13.9% recorded by the entire crypto sector over the past week.

AI-related tokens are also supporting strong developments, reaching a weighted average of 23.8%.

Data service tokens such as ARKM, BTT and GRT also exceeded the 20% threshold, as their weekly weighted average growth reached 23.3%.

Additionally, other sectors that outperformed the average cryptocurrency market performance were social (14.7%), bridges (15.9%), oracles (16.3%), gaming (17.7%), Bitcoin ecosystem (18.6%), and native tokens of NFT applications (19.2%).

Underperform the market

Although it dominates nearly 12% of the crypto community’s opinion, data According to Kaito AI, memecoins have seen a weighted average growth of 13.4%.

A similar move was recorded by the native tokens of decentralized finance (DeFi) applications, which dominate 15.5% of X’s market share, but have performed below the market average over the past seven days, reaching 12.7%.

Additionally, Kaito AI highlighted that Decentralized Physical Infrastructure Networks (DePIN) tokens have become a growing topic of discussion in the cryptocurrency space, increasing fivefold among cryptocurrency investors’ discussions.

However, it remains below the average market performance, since the weighted average valuation of the sector reaches 10.4%.

First-generation blockchains, such as XRP, Bitcoin Cash (BCH), Dash (DASH), and Monero (XMR), have performed the worst over the past week. Nevertheless, they have managed to grow by an average of 5.9%.

Other sectors that showed recovery but failed to outperform the market average were real-world assets (8.6%), DEX native tokens (9.9%), centralized exchange tokens (9.9%), and smart contract platform native assets (10.4%).

Mentioned in this article
Last Alpha Market report



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleRussia to launch two cryptocurrency exchanges for foreign economic activity – Details
Next Article India seeks stakeholder input on cryptocurrency regulation, relief ahead for traders?

Related Posts

Market

Henrik Zeberg Says Capitulation Sets Stage for Massive Bull Run — TradingView News

November 4, 2025
Market

Expert warns of bearish phase coming into November — TradingView News

November 4, 2025
Market

Bitcoin and crypto market records over $1 billion in long liquidations

November 4, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Zebu Live 2025 Concludes in London, Uniting Leading Innovators to Shape the Future of Web3

November 4, 2025

London, UK – October 2025 – The energy of innovation was palpable as Zebu Live 2025 wrapped up…

Event

Shaping the Next Decade of Growth through AI, Tokenisation, and Quantum in Financial Services

November 3, 2025

Singapore, November 2025 — The Singapore FinTech Festival (SFF) 2025 returns for its landmark 10th…

1 2 3 … 60 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Treasury Firm Solana Forward Industries Files Prospectus, Approves $1 Billion Stock Repurchase Program

November 5, 2025

Which DeFi platform wins with xUSD/xBTC/xETH liquidity?

November 4, 2025

BitMine Bolsters “5% Alchemy” Plan With Bold Purchase of 82,000 ETH

November 4, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 101,592.22
ethereum
Ethereum (ETH) $ 3,318.20
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.22
bnb
BNB (BNB) $ 951.54
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,307.95
tron
TRON (TRX) $ 0.285192
dogecoin
Dogecoin (DOGE) $ 0.163748
cardano
Cardano (ADA) $ 0.527156