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Will AI crypto tokens lead broader recovery?

Will AI crypto tokens lead broader recovery?

Cryptocurrency prices are broadly rising on Thursday, following an overstretched downtrend. Despite sticky geopolitical tensions in the Middle East, tokens at the intersection of the blockchain technology and Artificial Intelligence (AI), including Bittensor (TAO), Near Protocol (NEAR) and Internet Computer (ICP) are testing recovery potential. 

Sentiment in the broader crypto market remains largely suppressed, as reflected in the Fear & Greed Index, holding at 12 in the Extreme Fear territory on Thursday, up from 9 the previous day. Given that crypto market behaviour tends to be emotional, investors become fearful when prices fall and greedy in bullish conditions. 

Still, extreme fear conditions offer opportunities for fresh entries…

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