In a context of crypto market correction, several tokens linked to artificial intelligence (AI) have demonstrated impressive performance! Resisting the general sales trend. Among them, Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Arkham (ARKM) saw significant increases in value.
ASI Alliance shows its power before the big merger!
The crypto token FET, saw a 20% rise in the last 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 rise of AI tokens follows the announcement of the Artificial Superintelligence Alliance, including SingularityNET, Fetch.ai and Ocean Protocol, which will initiate the merger of ASI tokens 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% surge in the last 24 hours. Currently, ARKM is trading around $2.
The first crypto also falls after this announcement
The rise in AI tokens comes despite a market correction early Monday after failing crypto exchange Mt. Gox announced plans to repay your creditors to the tune of $9 billion in July. Bitcoin price fell below $59,000 after this announcement. At the time of writing, BTC has recovered 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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