Many formerly high-flying artificial intelligence (AI) cryptocurrencies are currently down anywhere from 70% to 95% from their 2024 highs. Not surprisingly, many crypto investors have given up on the AI investment thesis entirely.

However, there’s one fast-charging AI crypto that is surging up the market cap rankings. Kite (KITE +0.00%) is up a staggering 140% over the past 90 days, and now ranks among the top 100 cryptocurrencies in the world with a market cap of nearly $450 million.

For crypto investors, the big question becomes: Can Kite maintain its upward trajectory, or will it crash back to earth, just like all the other AI cryptocurrencies?

Image source: Getty Images.

The first AI payment blockchain

Kite bills itself as “the…