AI tokens outpace memecoins as crypto comeback strengthens: Crypto Daybook Americas
AI-linked tokens are leading a capital rotation away from memecoins, signaling a sustainable crypto market bounce as Bitcoin holds above $93,000.Summary
As Bitcoin maintains levels above $93,000, capital is rotating from speculative memecoins into utility-focused sectors like AI, DeFi, and the metaverse, suggesting the recent crypto rally has sustainable momentum. AI-linked tokens performed strongly, with Render Network's RENDER climbing 20%, while major indices like the CoinDesk Culture and Entertainment Select Index gained over 4%, contrasting with the flat performance of the Meme Select Index. This trend aligns with renewed optimism for AI and high-beta tech stocks on Wall Street. Analysts note that geopolitical tensions and upcoming U.S. nonfarm payrolls data warrant caution, but strong initial 2026 Bitcoin ETF inflows exceeding $1 billion over the first two days provide underlying support for the market.
(Source：CoinDesk)