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The cryptocurrency market welcomed a significant turning point in September. Tokens related to artificial intelligence, which were often suppressed by mainstream coins, surged this month, showing remarkable growth.
As the leader of the AI token camp, Worldcoin (WLD) has performed remarkably, with a monthly increase of up to 130%. This astonishing surge has driven the entire AI token sector, with other related tokens generally recording around a 30% increase. It is noteworthy that this wave of enthusiasm has even spread to the South Korean investor community, prompting their active participation.
The strong performance of WLD stems from a series of strategic initiatives. On September 7, WLD announced a collaboration with global academic institutions to launch the 'Anonymous Multi-Party Computation' project, which helped it break through the $1 mark. Shortly after, Eightco announced a $250 million strategic investment plan related to WLD. Meanwhile, mining company BitMine also announced a $20 million investment to support the WLD ecosystem. These positive news came in succession, propelling the price of WLD from $1 to $2 rapidly.
At the same time, other cryptocurrencies are also showing their own dynamics. Dogecoin (DOGE) has chosen to expand its influence by purchasing mining machines. Meanwhile, HBAR has maintained its upward momentum despite regulatory pressure from the U.S. Securities and Exchange Commission (SEC), demonstrating strong market resilience.
However, not all tokens benefited from this wave of increase. Shiba Inu (SHIB) seems to have failed to keep up with the market pace and has shown slightly weak performance.
Overall, the AI token sector has seen a market cap increase of 11% over the past 7 days, reaching a new height of $33.9 billion. More notably, trading volume surged by 1.2 times, climbing to $8.8 billion, highlighting investors' strong interest in AI-related encryption assets.
With the significant shift in the cryptocurrency market landscape in September, whether AI tokens can maintain their strong momentum will become the focus of market attention. Investors are closely watching the development of this emerging sector, hoping to seize potential investment opportunities.