- AI tokens dominate the market with a 38.47% share, led by NEAR Protocol, while Meme tokens gain with rising trading volumes.
- Spot ETFs for Ethereum and Bitcoin report strong inflows, with BlackRock’s ETFs leading investor confidence and 16 consecutive gains.
- Emerging crypto sectors like DeFi, GameFi, and Layer 2 show smaller shares, highlighting varied market sentiment and growth opportunities.
The crypto market has seen growth across key sectors, with AI and Meme leading the way. AI maintains dominance with a 38.47% market share, while Meme tokens follow with 17.49%. Other categories, including DeFi, GameFi, ETFs, and Layer 2 solutions, exhibit varied performance, showing the difference shifts in market sentiment.
AI Coins Show Steady Gains Amid Mixed Performance
NEAR Protocol (NEAR) is the top performing AI token according to data from Forbes. NEAR’s price climbed to $6.82, gaining 2.11% in the past 24 hours, and its market cap now stands at $8.34 billion. Internet Computer (ICP) also recorded modest growth, rising by 0.32% to reach $12.74 and a $6.07 billion market cap.
Render (RENDER) continued its upward momentum, showing a 1.35% increase to $9.03 and with a $4.68 billion market cap. However, Artificial Superintelligence Alliance (FET) and Bittensor (TAO) faced minor declines. FET dropped 1.17%, settling at $1.69, while TAO decreased by 0.66%, closing at $536.99.
Memecoins Surge with Fartcoin Leading the Market Cap
According to Degen News, Fartcoin (FARTCOIN) now leads the AI Meme token sector with a market cap of $849.28 million. Its 24-hour trading volume reached $127 million. Turbo (TURBO) recorded the highest 24-hour volume at $187.7 million, while its market cap stands at $728.6 million.
Goatseus Maximus (GOAT) also reported substantial trading volumes, totaling to $451.1 million in the past 24 hours, with a $713.9 million market cap. Meanwhile, ai16z (AI16Z) holds an $811.7 million market cap alongside a 24-hour volume of $32.3 million. The surge in activity underlines growing interest in AI Meme tokens across the crypto market.
ETF Inflows Maintain Strong Momentum
Spot ETFs for Ethereum and Bitcoin have seen consistent net inflows, according to data from Sosovalue. On December 16, Ethereum spot ETFs recorded a total net inflow of $51.1 million, marking 16 consecutive days of gains. BlackRock’s ETHA ETF led the day with a single-day inflow of $30.7 million.
Bitcoin spot ETFs had a total net inflow of $637 million on the same day. BlackRock’s IBIT ETF led Bitcoin ETFs, having $418 million in net inflows. This marks 13 consecutive days of positive inflows, showing sustained investor confidence in Bitcoin and Ethereum ETFs.
Broader Market Trends Show Varied Sentiment
While AI and Meme sectors dominate, other categories like DeFi, GameFi, Layer 2 solutions, and Real World Assets show smaller market shares. DeFi holds 7.91%, followed by GameFi at 5.7%. Meanwhile, ETFs and Stablecoins maintain 3.45% and 2.61%, respectively. Despite varied trends, these fields showcase the ongoing opportunities within the crypto market, driven by emerging technologies and investor activity.