The digital currency market saw significant changes in performance among different categories in the final month of 2024. AI-based tokens emerged as the main winners, while meme coins and modular projects experienced sharp declines. Projects related to artificial intelligence recorded an impressive 72.2% return in the past month. Leading this list are AI16Z token with 295% growth and PHALA network token with a 209% increase. Other successful projects include VIRTUAL protocol with 132% growth and market intelligence token AiXBT with a 125% increase. Bitfinex believes that AI technology can revolutionize the digital currency market through transaction execution, wallet management, and investment strategy design. Additionally, centralized exchange tokens had a notable performance in December with a 41.37% growth, drawing attention. User-focused projects also saw a 24.4% increase. In more traditional sectors, DeFi and derivatives experienced 13.2% and 12.3% growth, respectively. Real-world asset-related tokens also had a positive performance with a 7.21% growth. On the other hand, some categories faced significant declines. Modular projects with a 32.1% decrease and low-risk tokens (LRTs) with a 30.8% drop registered the highest losses. Meme coins also had a weak performance with a 28.7% decline, although Binance’s report indicated that ownership of these meme tokens surpassed Bitcoin and Ethereum. Tokens like DOGE, SHIB, PEPE, and BONK experienced double-digit price decreases in the past 30 days. The biggest decrease was related to the WIF token, which saw a 41% drop. Additionally, categories such as GameFi, privacy tokens, and decentralized physical infrastructure networks (DePIN) also faced similar declines. In terms of market value, layer one blockchains with a value of $2.75 trillion still lead, with Bitcoin holding a significant share of $1.85 trillion in this market. You can monitor the live and real-time prices of all tokens and cryptocurrencies on the live digital currency prices page.
