Arkham is gaining attention as one of the leading tokens in the artificial intelligence sector, with its native currency ARKM experiencing an impressive 27% increase in value over a 24-hour period. According to data from CoinMarketCap, ARKM peaked at $1.47 on several major exchanges, marking its highest price level since July.
This surge in Arkham’s value coincides with increased volatility in the cryptocurrency market, where Bitcoin has maintained a position above $63,500, and Ethereum hovers near the $2,700 threshold.
ARKM: Leading the AI Token Surge
Arkham’s recent performance is noteworthy, as its token was launched on Binance Launchpool, causing ARKM to rise to the forefront among AI tokens, ranked by market capitalization.
Other AI Tokens Making Gains
In addition to ARKM, several other AI tokens have also seen significant upward movement, including:
- Bittensor (TAO)
- Near Protocol (NEAR)
- The Graph (GRT)
- Ionet (IO)
These tokens have recorded double-digit increases ranging from 12% to 19%, but none match ARKM’s remarkable gain of 27% within 24 hours, and 45% over the past week. With prices approaching $1.48, market analysts predict potential resistance levels at $1.75, followed by a major barrier around $2.70 in June.
Arkham’s token, which is part of a blockchain intelligence platform that utilizes artificial intelligence to analyze blockchain data, has also reported a staggering 280% rise in daily trading volume, exceeding $127 million.
The overall market capitalization for ARKM has soared to over $326 million, an increase of 27% in just one day, elevating it to the 159th position among cryptocurrencies based on market value.
Data from Coinglass indicates that the open interest for Arkham (ARKM) has climbed over 56%, reaching more than $39.9 million. Additionally, the surge in prices has led to liquidation of bearish positions exceeding $119,000 within the last 24 hours, with long position liquidations amounting to $9,900 during the same timeframe.