The big drop in Bitcoin didn’t affect two groups of altcoins: DePin and AI

The fall of Bitcoin, which fell from $64,000 to $60,000 in a few hours yesterday morning, did not affect altcoins much this time. While the depreciation of meme coins was notable, altcoins in the DePin and artificial intelligence categories showed significant increases today.

The big drop in Bitcoin didn’t affect two groups of altcoins: DePin and AI

In 2024, the much-talked-about DePin (physical infrastructure) and artificial intelligence coins have managed to remain solid compared to other altcoins in recent days. In fact, some coins have shown significant increases today.

RNDR, AKT and AR in DePin.

According to information from platforms that provide detailed information such as CoinMarketCap and CoinGecko; The DePin category, known as decentralized physical infrastructure, rose about 8% as an index today. The most prominent ones were Render (RNDR) with 11%, Akash Network (AKT) with 12% and Arweave (AR) with 10%.

DePin, one of the innovations brought by the crypto world to the physical infrastructure field, aims to eliminate users’ dependence on centralized institutions, especially in terms of infrastructure.

AI also surged: FET, AGIX, OCEAN and NEAR.

In 2024, OpenAI and Nvidia’s leadership in artificial intelligence developments, which were much talked about not only in the crypto world but also in the traditional financial world, was indisputable. Nvidia’s record-breaking run also pushed many AI coins sharply higher.

In the last 24 hours, the rises in AI-oriented “seen” coins were as follows:

  • FET: 18%
  • AGIX: 17%
  • OECAN: 16%
  • NEAR: 10%

Note: Tokens have been selected from projects that are well-known in the crypto world and whose market capitalization has exceeded a certain level. Coins that are much smaller and not listed on major exchanges, as well as coins that have risen much higher, are not included.

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