Markets
These AI tokens are challenging the crypto market and refusing to collapse!
Tue June 25, 2024 ▪ 3 min read ▪ by Eddy S.
In a context of crypto market correction, several tokens linked to artificial intelligence (AI) have shown impressive performances! Resist the general trend toward liquidation. Among them, Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Arkham (ARKM) saw their value increase significantly.
ASI Alliance shows its strength before the big merger!
The FET crypto token has seen a 20% increase over the past 24 hours, with a current price of $1.69. OCEAN also followed a positive trend with a 15% increase over 24 hours, its current price being $0.68. Likewise, AGIX is up around 15.5% over the past 24 hours, currently trading around $0.68.
This increase in AI tokens follows the announcement of the Artificial Superintelligence Allianceincluding SingularityNET, Fetch.ai, and Ocean Protocol, which will launch the ASI token merger on July 1. Earlier this month, the crypto alliance announced that it would postpone the merger until July 15.
Another mainstream AI token, ARKM, the native token of crypto platform Arkham, also saw a 16% increase in the last 24 hours. Currently, ARKM is trading around $2.
The leading crypto also falls after this announcement
The rise in AI tokens comes despite a market correction early Monday following the failure of crypto exchange Mt. Gox announced plans to repay your creditors up to $9 billion in July. The price of Bitcoin fell below $59,000 following this announcement. At the time of writing, BTC has rebounded to $61,122 and is up almost 2% in the last 24 hours.
These developments highlight the growing interest in AI technologies in the crypto sector. But also, investor confidence in the potential of these tokens despite market turbulence.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Basically a crypto community manager, I am interested in everything directly or indirectly related to blockchain and its derivatives. In order to share my experience and raise awareness of a field that fascinates me, there is nothing better than writing articles that are informative and relaxed at the same time.
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.