Fetch.ai has experienced a significant surge of over 23% in the past 24 hours, leading the way for other AI-related tokens to also increase in value. This rise in Fetch.ai’s price is attributed to the recent success and positive sentiment surrounding Nvidia, the world’s new most valuable company, surpassing Microsoft.
In addition to Fetch.ai, other tokens such as SingularityNET and Ocean Protocol have also seen substantial gains of more than 20% in the same time frame. These tokens, along with Fetch.ai, are expected to merge into a single token called ASI, further fueling investor interest and optimism in the AI sector.
Furthermore, Akash Network, Bittensor, and The Graph have also experienced double-digit increases, with AKT rising by 21%, TAO by 11%, and GRT by 11%. While tokens like Render, NEAR Protocol, and Internet Computer have seen slightly lower gains, they are still performing well compared to other altcoins in the market.
The recent price surge in FET, AGIX, and OCEAN tokens follows a period of decline due to the delay in the Artificial Superintelligence Alliance (ASI) merger, which was pushed from June 13 to July 15. However, the resurgence of these tokens can be attributed to the positive momentum created by Nvidia’s impressive performance in the market.
Fetch.ai, SingularityNET, and Ocean Protocol believe that the ASI merger will not only drive industry investment in artificial general intelligence (AGI) but also lead to the commercialization of AI technologies and increased accessibility for users.
Overall, the recent surge in AI tokens reflects the growing interest and confidence in the AI sector, fueled by major developments in the industry and positive market sentiment. Investors are closely following the performance of these tokens as they continue to navigate the dynamic and evolving landscape of AI technology and innovation.