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