• LUNA Virtuals, an AI-focused blockchain project, saw remarkable 300% growth in 24 hours, reaching a $200M market cap, demonstrating strong investor interest in AI-blockchain integration.
  • The broader AI crypto market showed mixed but positive performance, with tokens like TAO, FET, and GRASS growing around 10.53%.
  • This trend signals a significant shift in the crypto market towards AI integration, with both retail and institutional investors showing increased interest in projects

Within the AI crypto area, there’s a distinction: LUNA Virtuals climbed almost 300% in the last 24 hours, with $200 million in MC. This is not Do Kwon’s Terra (LUNA) but an AI project claimed to be the very first on-chain AI agent, which gained quite significant attention in the crypto space. With increasing interest from investors in deploying AI within blockchain technology, LUNA Virtuals controls the AI category mindshare solidifying its position in today’s digital asset market.

Crypto Market Shows Mixed Growth

As much as other tokens are floating in 2021 with more LUNA Virtuals, they present different kinds of performances. In a recent article on heatmap analysis some tokens such as TAO , FET and GRASS have shown potential by growing around 10.53%. This upward trend is driven by a general rise of interest in AI and Web3 associated tokens.

LUNA is going parabolic 🚀 
 
It's not Do Kwon's $LUNA , but the first AI agent on-chain named @luna_virtuals
 
It's up nearly 300% in the past 24 hours and now sitting at $200M MCap 🚀
 
The craze is so much that it's currently at #1 in mindshare (in the #AI category). pic.twitter.com/x47CW7RfhH

— Wise Advice (@wiseadvicesumit) October 26, 2024

At the same time, the slight increase was recorded in SPECTRE, VIRTUAL and ICP tokens, whose overall rise fluctuated between 5.26% and 5.29%. AI and Web3 are two growing industries, but along with that, they are also quickly gaining attention from investors as their relevance to the decentralized environments is becoming increasingly obvious.

A Shift Towards AI in Blockchain

This excitement towards LUNA Virtuals can, therefore, be attributed to the continuously emerging concepts of AI technology symbiosis within blockchain projects. As basic industries are turning towards artificial intelligence, the blockchain developers are also trying to implement the smart technologies for decentralized applications, smart contracts and auto agents. Social experiments like LUNA Virtuals can be seen as previews of what is to come, proving as a foundation for more sophisticated AI in crypto.

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The dramatic upswing of token favorites, led by LUNA Virtuals PA indicates a shift in focus in the market. As the projects with organic AI components come through, they are disrupting conventional market hypotheses, and people including institutional and retail investors are coming in.

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