The United States, the United Kingdom and Türkiye have emerged as the top destinations for interest in AI cryptocurrencies in 2024. This surge in popularity mirrors the trend seen with meme coins last year suggesting a strong correlation between these two crypto narratives in these specific countries.
CoinGecko’s report analyzed non-botted web traffic across the top 25 AI crypto coins on their platform from January 1 to March 10, 2024. Their analysis sheds light on the countries and coins driving this narrative of artificial intelligence (AI) coins capturing the interest of global investors.
The US captured the lion’s share of global interest in AI crypto accounting for 18.9%. This dominance mirrors the US’s leading role in the meme coin craze of 2023. The UK followed closely with 9.1% and Türkiye with 6.5% interest further solidifying the parallel between these two market narratives. Also five other countries including India, Australia, Canada and the Philippines displayed similar patterns reflecting a heightened sensitivity to emerging crypto trends.
Southeast Asia displayed a significant presence in the AI crypto landscape with four countries ranking among the top 15. The Philippines led the regional charge securing a 10th place with 2.8% global interest. Singapore and Indonesia followed closely behind with 2.2% each while Vietnam secured a 1.2% share.
Within the European Union, the Netherlands emerged as the frontrunner for AI crypto interest capturing 5.6% of the global market share. Poland, Germany and France followed suit with 3.2%, 3.2%, and 2.1% interest, respectively.
Going further the report mentioned the most popular AI crypto coins stating that established players like Bittensor (TAO), Render (RNDR) and Fetch.ai (FET) dominated the list of the most popular AI crypto coins in 2024. Their strong market capitalization and positive price performance likely contributed to this dominance.
The recent NVIDIA GTC 2024 event appeared to have had a ripple effect across the AI token market resulting in significant gains for several cryptocurrencies. As per Lookonchain NEAR Protocol, Render, Fetch.ai and NetMind Token showed remarkable price increases catching the attention of investors and market analysts alike.
Furthermore, a diverse array of AI coins including Akash Network (AKT), PAAL AI (PAAL) and SingularityNET (AGIX) have garnered significant attention within the crypto community. Noteworthy mentions include smaller coins such as PaLM AI (PALM) known for its association with Google’s AI technology and DeepFakeAI (FAKEAI) which capitalizes on the trend of incorporating AI technology into various sectors.
Interestingly, 10 out of the 25 most popular AI crypto coins prominently featured “AI” or related abbreviations in their tickers. This trend suggests a speculative mania within the market where investors gravitate towards coins with seemingly AI-related branding.
