AI Tokens Surge Despite Nvidia's $430 Billion Market Cap Loss
Despite Nvidia's sharp decline, AI crypto tokens are surging double digits, indicating resilience in the market.
Keep up with what's happening in the crypto world in real-time.
Despite Nvidia's sharp decline, AI crypto tokens are surging double digits, indicating resilience in the market.
Artificial intelligence has transformed numerous industries, including blockchain. By integrating AI into cryptocurrency, the technology has enhanced efficiency, security, and decision-making.
Amidst crypto market volatility, AI tokens have emerged as a promising sector. While Bitcoin caused panic among investors by trading below $59,000, AI Altcoins topped the charts, outperforming meme coins.
Fetch.ai (FET) and Injective (INJ) defied the current bearish markets with significant price increases over the past day. Monday's X post from Injective about “something brewing” with Fetch.ai catalyzed recoveries for the altcoins within the last 24 hours. Injective's post feature the company's logos with a wavy line connecting them.
Fetch.AI (FET) has seen a nearly 20% increase in value over the last 24 hours following a tweet from Injective hinting at a potential collaboration.
AI-related crypto tokens FET, AGIX, and OCEAN have performed well in the past day despite a 6.6% drop in Nvidia stocks, an AI leader often watched by the crypto community for such token trends.
As the markets are heading towards the end of the month, the volatility has surged to a large extent. The weekly trade started with a massive pullback, causing an enormous pullback in the BTC price, which impacted the altcoins as well.
With the altcoins segment standing at a strong recovery note, the AI tokens are making massive waves. The recovery in AI tokens is undermining the pullback in NVIDIA stock of 13%. The artificial intelligence crypto tokens are teasing a trend reversal rally to a new peak with the sudden jump.
Several AI tokens, including Fetch.ai, Ocean Protocol, and SingularityNET, gain ground despite market challenges. The post AI tokens FET, AGIX, OCEAN, and ARKM surge despite market sell-off appeared first on Crypto Briefing.
Despite Nvidia, one of the most talked-about stocks of the year, sharply falling in price, artificial intelligence crypto tokens are spiking.
Fetch.ai (FET) and SingularityNET (AGIX) prices have defied gravity in the past few days as traders anticipate the upcoming Superintelligence (ASI) launch. The AGIX token was trading at $0.7125, its highest swing since June 12th. It has soared by over 51% from its lowest point this month.
Updates on the ASI token merger starting July 2024, involving SingularityNET, Fetch.ai, and Ocean Protocol. The post Token merger of Fetch.ai, SingularityNET, and Ocean Protocol to start on July 1 appeared first on Crypto Briefing.
The blistering near 30% rallies posted Thursday by AI coins Ocean Protocol ($OCEAN), SingularityNET ($AGIX), and Fetch.ai ($FET) appear to have largely cooled off today, by Friday afternoon UTC.
Curious about the latest trends in cryptocurrency? Check out our list of the Top 5 Artificial Intelligence (AI) Coins
Fetch.ai (FET), a leading artificial intelligence (AI) crypto, rocketed to the top of the gainers chart on Thursday. The 28% surge comes just days before FET's scheduled merger with other AI tokens into the much-anticipated Artificial Superintelligence Alliance (ASI).
TL;DR AI Token Surge: The market cap for AI tokens has reached nearly $28 billion, with Fetch.ai and Render leading the gains. Nvidia's Impact: Nvidia's success in AI chips has positively influenced AI-related blockchain projects, highlighting the connection between AI and cryptocurrency.
The strongly prosperous tailwinds of Nvidia serve a powerful boost to FET, as well as other AI-powering altcoins.
The market cap for AI-related crypto tokens increased by over 15% in the past 24 hours in response to gains made by artificial intelligence company Nvidia. With the chipmaker leapfrogging Microsoft to become the world's most valuable company, blockchain projects focused on artificial intelligence have also seen increased interest in their tokens.
As a follow-up of the Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) token merger, ASI (Artificial Superintelligence Alliance) recently revealed vital developments looming on the matter, scheduled for July 1. According to a post shared on X today, June 20, starting July 1, phase 1 of the merger will commence.
With the crypto market doing slightly better today, with Bitcoin and Ethereum up 0.8% and 1.4% respectively, one altcoin is showing the crypto market what a real rally looks like. Fetch.
The Fetch.ai token has surged 40% in the past month, while Render Network is up nearly 30%.
Fetch.ai (FET) has seen a big jump in its price, going up 30% in just one day! Want to know what caused this exciting rise?
The AI-linked token sector has risen 14% in the past 24 hours, data shows, outperforming other sectors.
FET's price jump in the past 24 hours has, however, failed to put its holders in profit.