AI Boom Leaves Most Crypto Tokens in the Dust

The AI market is booming, but AI-related cryptocurrencies are not keeping pace. Despite the massive investment in AI infrastructure and companies like Nvidia reporting $96.2 billion in quarterly revenue, a significant portion of AI coins remain 70-90% below their 2024-2025 highs.

Near Protocol (NEAR), the largest AI coin by market capitalization, is down 77% from its record high, while Bittensor (TAO) and Internet Computer (ICP) are also significantly below their all-time highs. This disconnect between the broader AI market and the smaller AI crypto sector is striking.

The reason for this disparity may lie in where investors see value. Venture capital is increasingly targeting AI infrastructure, compute, agents, and other businesses with measurable revenue, rather than simply buying into the AI narrative.