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In the wake of the recent developments at OpenAI, including the dismissal of Sam Altman, there's been a notable increase in the value of cryptocurrencies associated with artificial intelligence (AI). While the crypto market is wavering in uncertainty, this news must gather the investor's attention back to AI tokens.
The crypto company, operating since 2019, is building a decentralized machine learning network that is expected to disrupt the way the crypto world approaches AI systems, promising unprecedented benefits and convenience.
Artificial Intelligence (AI) tokens' value pumped over the weekend amid increased attention brought to the industry by the leadership crisis at OpenAI, the leading generative AI company. Data from CryptoSlate shows that digital assets in the sector grew by more than 9% over the last day and by over 11% during the past week.
AI and big data crypto tokens have embarked on a recovery campaign shortly after former OpenAI CEO Sam Altman's layoff impacted their combined market valuation.
Developments in key AI companies sometimes drive gains in AI-focused tokens as traders bet on the long-term growth of such tokens.
Render (RNDR), Akash Network (AKT), SingularityNET (AGIX) and Fetch.ai (FET) tokens traded higher on Sunday as the broader crypto market tapped minor gains. While the global crypto market cap was at $1.45 trillion, only 0.7% in the past 24 hours, the crypto artificial intelligence (AI) market cap was up nearly 10% to $6.14 billion.
A crypto trader took to X on November 15, predicting that FET, the native currency of Fetch.ai, an AI-centric platform, could be aligning itself for a “green path,” resuming the uptrend of the past few weeks. The analyst, @rektcapital, believes the recent price action on the weekly chart points to strength.
The AI hype still seems to exist in the world of digital assets, as Fetch.ai is once again outperforming most altcoins. Just when the investors thought that the AI narrative was dead, FET crypto orchestrated a major rally.
A trader who nailed the top of the 2021 Bitcoin (BTC) bull market believes rallies are in sight for Ethereum (ETH) and one additional altcoin. Pseudonymous analyst Pentoshi tells his 711,700 followers on the social media platform X that Ethereum looks poised to take out a resistance level that has held for over a year.
Dogecoin rewarded long-term crypto investors after many years. These meme coins can become the next Dogecoin in a few years.
A closely followed crypto strategist believes that two altcoins may be gearing up for breakouts as digital asset markets continue to show strength. Pseudonymous analyst Rekt Capital tells his 366,100 followers on the social media platform X that Ethereum (ETH) competitor Polkadot (DOT) is potentially in the midst of confirming a bullish reversal.
Several cryptocurrencies related to artificial intelligence surged in value after AI research company OpenAI announced new products and capabilities on Tuesday, Nov. 7, then went red as the market slumped.
After a week of unremarkable movements, FET's chart registered a bullish pattern.
Issued Monday, President Biden's executive order is aimed at potential threats posed by artificial intelligence, but critics of the White House action wonder if innovation could be stifled.
In an impressive feat, Fetch.AI's core native cryptocurrency, FET, has seen a tremendous 55% increase in its price over the past week. As of the latest update, the token has surged from $0.22 to $0.35 on leading cryptocurrency exchanges.
In recent market movements, a specific cryptocurrency tied to the artificial intelligence sector has shown an impressive surge in performance over the last week.
In the ever-volatile world of cryptocurrencies, where price movements can often defy logic, Fetch.ai (FET) has been making waves with a remarkable 13.50% surge in the past 24 hours. This impressive climb solidifies FET's position as one of the standout performers in the crypto market for the month of October.
Crypto analyst Miles Deutscher thinks three altcoins could be great trades this week, noting the strength many of these tokens are exhibiting. In his latest Weekly Token + Narrative Watchlist post on X, the analyst identified SingularityNET (AGIX), Fetch.ai (FET) and Ocean Protocol (OCEAN) as tokens that could benefit from a resurgence in AI narrative.
Amid massive technology release announcements and community breakthroughs, the popular AI token FET becomes the top performer in the mid-cap altcoins segment. Meanwhile, AI cryptos are yet again outperforming all competing categories.
An analyst who nailed the top of Bitcoin's (BTC) 2021 bull market thinks that altcoins are setting the stage for an explosive rally. Pseudonymous analyst Pentoshi tells his 705,600 followers on the social media platform X that some alts could soar for as long as six weeks.
Predicting the Bitcoin price movements and when altcoin prices will rally again is not a small feat but one analyst has managed to do so. Crypto analyst TonyTheBull has been calling for a bull market, saying that this cycle differs from previous ones in the fact that there will be a rally this year.
In the ever-evolving world of cryptocurrencies, a notable surge has taken center stage, with several AI-powered tokens leading the way. Over the past week, the cryptocurrency market has been on a rollercoaster ride, and it seems we may be witnessing the early signs of a bull run, pending Bitcoin's confirmation above the psychological $35,000 level, or for the more cautious investors, a breach and close above $40,000.
In a remarkable turn of events, cryptocurrencies have experienced a substantial uptick, with the forefront leader, Bitcoin (BTC), spearheading the charge. FET, a prominent player in the AI coin sector, made headlines by initiating this week's trading session with a noteworthy golden cross, a powerful indicator signaling significant potential for a new market trend.
Artificial Intelligence (AI) token Fetch.AI (FET) has maintained a massive uptrend in consonance with the broader growth observed on the market. At the time of writing, FET is changing hands at a price of $0.2867, up by 7.42% in the past 24 hours and by more than 35% in the past seven days.
