Venice and Near gains tied to private AI demand, not a rotation into AI tokens
- —Privacy is the only sector above its October BTC-peak level, up more than 200%
- —Privacy coin market cap grew from ~$7 billion to ~$34 billion in a year
- —Crypto AI shrank from ~$70 billion in December 2024 to less than $20 billion
- —Near rose ~15% on the day of the private swap announcement in VVV and 50% over the month
Why it matters: The gains in VVV and NEAR reflect demand for privacy rather than a turnaround in the entire AI sector, so investors should distinguish between the narratives.
Source: DailyCoin