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Cryptocurrency projects focused on artificial intelligence and big data have experienced significant value gains alongside the upward trend maintained by Bitcoin. These crypto projects, which recorded their lowest levels on June 8, showed a record recovery with the increase in investor interest and market confidence. Artificial Intelligence and Big Data Crypto Projects Reached a Market Volume of $42 BillionProjects utilizing artificial intelligence and big data technologies in the cryptocurrency markets have shown a remarkable rise recently. The total value of these projects, which accompany Bitcoin's upward movement, recorded an impressive increase of 131.4% over the last four months. According to the latest data compiled from data providers, AI-based crypto projects have reached a market value of $42.1 billion. Leading names in the sector, such as Near Protocol, Internet Computer, and Render, have been at the forefront of this rise. This positive trend in the market has been supported by the clarification of the regulatory framework and the absence of any collapse in major ecosystems. The AI-focused token market, which showed a downward trend in the early months of 2024, peaked at a value of $45 billion on March 15. After declining to $18.2 billion in June, the market has shown a strong recovery over the last six months, rising to $42.1 billion. Market experts predict that these projects could reach a record level of $44.99 billion by the end of the month. In the sector, projects with a market value of over $1 million, such as Bittensor, Artificial Superintelligence Alliance, Injective, The Graph, Theta Network, and Akash Network, are also present. According to the data, the share of AI projects within the total cryptocurrency market value of $3.09 trillion stands at 1.36%. This ratio indicates the growth potential of the artificial intelligence and big data crypto projects sector.
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