AI sector surpasses Yield farming again to outperform market by 12%

As Bitcoin attempts to hold onto the $22,000 psychological support, the crypto AI sector surpassed yield farming to outperform Bitcoin with gains of over 12% in the past 24 hours.

The AI sector’s total market cap is currently at $4.08B, with $838 million in volume in the last 24 hours.

Data stream aggregator The Graph leads the sector with a market cap of $1.42 billion, while SingularityNET saw the most substantial gains, up 16.2% in 24 hours.

AI Sector
AI Sector

The move came as Bitcoin’s volatility rose throughout Feb. 14, bouncing within the range of $21,572 and $22,322.

Earlier in the day, the best-performing sector was yield farming. However, as Bitcoin rallied, so too did the AI sector, thus suggesting a stronger correlation between AI and Bitcoin than between Bitcoin and yield farming.

The yield farming sector’s total market cap is currently at $5.13B, with $869.79 million in volume in the last 24 hours. DeFi protocol Uniswap leads the sector with a market cap of $4.85 billion, while Trader Joe saw the most substantial gains, up 4.15% in 24 hours.

Yield Farming Sector
Yield Farming Sector

In the past 24 hours, BTC is up 1.91% as of press time when priced in Dollars. However, the leading cryptocurrency does not appear to be leading the market, as UNI is up 1.46% against Bitcoin over the same period.

UNI-BTC
UNI-BTC
(Source: TradingView)

 

Bookmark (0)
ClosePlease loginn

Related Posts

Rocket League world champions TeamBDS partners with Xborg for web3 fan activations

Rocket League world champions TeamBDS partners with Xborg for web3 fan activations

Blockchain meets esports as XBorg Partners with Team BDS

Bookmark (0)
ClosePlease loginn
Citigroup believes CBDCs will lead the way to mass adoption

Citigroup believes CBDCs will lead the way to mass adoption

Citi said that mass adoption will happen when more than a billion people are using blockchain technology without knowing they’re using it.

Bookmark (0)
ClosePlease loginn
SBF pleads not guilty to all 13 federal indictments

SBF pleads not guilty to all 13 federal indictments

Sam Bankman-Fried’s trial is set to begin in October. He is also facing civil charges filed by the SEC and the CFTC.

Bookmark (0)
ClosePlease loginn
Cold wallet Ledger raises $108M as self-custody wallets gain popularity

Cold wallet Ledger raises $108M as self-custody wallets gain popularity

Hardware wallet ledger raised another $385 million in 2021, and its current valuation sits at $1.41 billion.

Bookmark (0)
ClosePlease loginn
Hong Kong signals licensing over 8 crypto companies by year-end

Hong Kong signals licensing over 8 crypto companies by year-end

Licenses will be issued under Hong Kong’s new crypto licensing regime, composed to support crypto firms looking to set up shop in the city.

Bookmark (0)
ClosePlease loginn
Coinbase, Kraken plan to continue operating in Canada as regulatory rules change

Coinbase, Kraken plan to continue operating in Canada as regulatory rules change

Kraken and Coinbase are among the first exchanges to officially declare their intent to remain in Canada.

Bookmark (0)
ClosePlease loginn

Leave a Reply

Your email address will not be published. Required fields are marked *