Two sectors have emerged as the strongest performers following the declines in the cryptocurrency market.
The cryptocurrency market experienced significant declines over the past weekend. These declines led to almost 50% drop in many altcoins while some sectors experienced a rapid recovery.
The sectors that demonstrated a strong and rapid recovery are artificial intelligence and meme coin-themed projects. Solana meme coins and meme coins on the Base network saw an average increase of over 15%, while artificial intelligence tokens showed a increase of over 17%.
Among the artificial intelligence projects, The Grapth (GRT) rose by 17.4%, while Fetch.ai (FET) rose by 12%, and Ocean Protocol (OCEAN) gained 14%.
In the meme coin community, Solana-based cat in a dogs world (MEW) stood out with a 90% increase in the last 24 hours. Degen (DEGEN), which functions as a layer 3 protocol on the Base network, also saw a 23% increase.
