Crypto sectors split as AI gains while DePIN extends losses
Crypto sector performance diverged on Oct. 20, according to SoSoValue, with the broader market posting a mild pullback while AI-related tokens held up better than most segments. DePIN remained under pressure, falling 1.09% over the past 24 hours, with Filecoin (FIL) down 2.58%. By contrast, the AI sector rose 0.83%, led by Quack AI (Q), which climbed 15.51%, and Worldcoin (WLD), up 9.27%.
Layer2 also moved higher, adding 0.46% as Arbitrum (ARB) gained 5.12%. Among major cryptocurrencies, Bitcoin (BTC) slipped 0.97% and moved back above $81,000, while Ethereum (ETH) fell 1.08% and dropped below $2,400. Elsewhere, CeFi rose 0.21% with Bitget Token (BGB) up 1.06%, Meme edged up 0.01% with Pons (PONS) gaining 5.22%, and DeFi fell 0.12% even as Bedrock Token (BR) jumped 47.68%. Layer1 declined 0.26% with NEAR Protocol (NEAR) down 3.71%, and PayFi lost 0.83% as Telcoin (TEL) fell 3.67%. Sector indices tracking historical performance showed gains in ssiAI, ssiRWA, and ssiSocialFi of 2.57%, 0.86%, and 0.49%, respectively.