Despite the recent correction in the cryptocurrency sector, the realm of Artificial Intelligence (AI) cryptocurrencies remains resilient, with a total market capitalization of nearly $20 billion. Among the top performers in this sector is Render (RNDR), the native cryptocurrency of the Render Network Foundation, a leading provider of decentralized GPU solutions aiming to revolutionize the digital creation process.

While RNDR's price is down 10% weekly, its gains over the past year have been remarkable, representing a staggering 260%. As of May 2, RNDR is trading in the green, experiencing a 6% increase and briefly surpassing the $7.80 mark, with a market cap of approximately $3 billion.

Following RNDR, Bittensor (TAO) emerges as the second-largest digital currency in the cohort, with a market capitalization exceeding $2.5 billion. Despite a 30% monthly decline, TAO has witnessed an impressive 800% price jump on a yearly scale. Bittensor is an open-source protocol leveraging blockchain technology to create a decentralized machine-learning network.

The Graph (GRT), another notable player in the AI cryptocurrency sector, has experienced an 80% rally over the past year. Currently trading at approximately $0.23, GRT facilitates data queries on the Ethereum network through its decentralized indexing protocol, supporting operations of prominent decentralized applications like Uniswap, Aave, and Curve.

Fetch.ai (FET), with a market capitalization of $2 billion, is the fourth-largest cryptocurrency in the sector. Despite an 11% retracement in the past week, FET remains over 500% up on a yearly basis, trading at around $2. Fetch.ai leverages artificial intelligence to automate various daily activities such as booking flights and accessing services.

Lastly, SingularityNET (AGIX) rounds up the top 5 AI cryptocurrencies with a market cap of approximately $1 billion. With its price hovering around $0.80, AGIX has surged 160% since May 2023. SingularityNET aims to democratize access to artificial intelligence, with AGIX serving as the platform's native cryptocurrency for ecosystem transactions and rewarding network contributors.

Despite market fluctuations, AI cryptocurrencies continue to demonstrate strong fundamentals and innovative applications, driving optimism for their future growth and adoption in the evolving digital landscape.