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AI tokens FET, AGIX and OCEAN could lead the market recovery
Artificial intelligence (AI) tokens have seen a surge in interest, highlighted by the surge in social volume towards Synth AI, the solution formed by the integration of cryptocurrency and AI.
Growing interest in AI tokens
Blockchain analytics platform Santiment provided insight into the level of engagement the AI sector saw in the run-up to the weekend. The analytics platform noted that the social push of AI tokens is reason enough to focus on this sector. Regulation of Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Bittensor (TAO) was also highlighted.
It is worth noting that artificial intelligence tops the list of one of the most commonly discussed topics in the crypto ecosystem. The discussion focuses on the use of AI solutions in commerce, innovation and decentralization. In particular, attention was drawn to the intersection of AI and cryptocurrencies found on Synth AI.
This platform offers an advanced AI algorithm for intelligent insights and automated trading. These are some of the many AI-related topics that users are interested in according to Santiment.
Frequent conversations about AI capabilities suggest interest in other parts of the industry, including AI tokens. AI enthusiasts may be willing to invest funds in acquiring these tokens, a move that could spark a ripple effect on their individual prices.
Currently, TAO is trading at $364.97 with a decline of 6.05%. AGIX is priced at $0.7357, down 4.33%. While FET stands at $1.74 with a decline of 4.78%, OCEAN fell 5% to $0.7465.
The ASI Alliance
Noteworthy is that SingularityNET, Fetch AI, and Ocean Protocol have agreed to merge their crypto tokens after constructive discussions. The plan is to develop a centralized AI platform, witnessing a merger of AGIX, FET and OCEAN tokens into one Artificial superintelligence
(ASI) and tokens with a fully diluted value of approximately $7.5 billion.
Seeing that the merger move needed to gain support from each protocol’s community members, SingularityNET, Fetch.ai, and Ocean Protocol sprang into action to launch their individual project voting process.
Subsequently, a significant majority of their token holders voted in favor of the potential ASI Alliance proposal. The merger has no impact on the individual operations of each entity. Rather, it pushes the envelope of AI and blockchain integration. Such integrations are quickly becoming the trend in the crypto ecosystem. Further progress in these tokens could have a major influence on the broader market in the long term.
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