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If you count Launching goats Given the birth date of the AI agent definition, this sub-sector is about three months old. Over this short period, the AI agent market has ballooned to a market cap of $20 billion with relatively few top-tier CEX listings.
This is crazy, especially since AI agents still exist Based on The promised benefit - not the present.
Perhaps it's no surprise, then, that the dealership market corrected sharply over the weekend, showing a 43.5% decline to $11.3 billion since its January 6 high.
The best tokens for AI agents were not saved from the guillotine. In the past seven days, the three largest AI client tokens by market capitalization – VIRTUAL, AI16Z and FARTCOIN, have fallen by 46%, 52% and 42%, respectively.
AIXBT, the fifth largest proxy token, showed the most resilience, with a drawdown of 28%.
It's a bloodbath. so what? Expect agents to stick around Dominant 2025.
Cryptocurrencies' obsession with AI is undeniable at this point. It's riding the hottest technology sector in a contract It still dominates Twitter sentiment among rabid casino speculators.
The billion-dollar question then is: How big can the AI agent market get?
With a value of $11.3 billion, AI agent tokens make up about 0.34% of the total cryptocurrency market cap today.
Assuming a 40% growth in the total cryptocurrency market cap to $5 trillion, and AI currencies getting a 5% slice of that pie (DeFi dominance peaked at 7.69% In 2022), you can expect $250 billion as a bullish case, he says kel.xyz.
Estimates are less bullish than before David Nagy of Arca Fund projects range from $93 billion to $170 billion.
With this framework in mind, the "safe" bet is to keep the AI platforms: VIRTUAL, AI16Z, ZEREBRO... right?
The problem is that these inter-narratives spin faster than anyone can keep up. There is no guarantee that today's "hot" coins will maintain their dominance months, or even weeks from now.
In the space of one year, the story of “Why Crypto AI” has moved from beta on Nvidia and OpenAI to AI memecoins, to AI proxies, to AI proxies frameworks, AI investing DAOs, and AI proxies. Swarms.
As of last week, the latest chapter in this tale is “Defy", i.e. DeFi + AI. I interpret this as an insistence that "AI has real benefit, look at the DeFi use cases!"
I remember a tweet from Daily Ape founder Darren Lau. If you make a bold bet that AI will sweep the cryptocurrency markets and capture a set of major AI tokens like TAO, RNDR, and AKASH in early 2024, you will still be at a loss year to date.
Winning in the AI Agent Meta requires selecting the right players in ever-changing game rules of questionable utility. Is it any wonder crypto traders are gaining acceptance?
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