News
AI Tokens FET, AGIX and OCEAN Ready to Lead Market Recovery Amid Growing Interest
According to blockchain analytics platform Santiment, AI tokens Fetch AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) are poised to lead a market recovery as social sentiment and engagement around these cryptocurrency-based cryptocurrencies artificial intelligence increases.
Growing social volume towards Synth AI highlights growing interest in AI tokens like FET, AGIX and OCEAN, says Santiment
In a recent report by CoinGapeThe surge in social volume towards Synth AI, the solution that emerged from the integration of cryptocurrency and artificial intelligence, has underlined the growing interest in artificial intelligence (AI)-based tokens.
Santiment, a blockchain analytics platform, offered a glimpse into the level of engagement the AI industry experienced in the run-up to the weekend. The analytics platform noted that social media’s push into AI tokens deserves enough attention in this sector. Regulation of Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Bittensor (TAO) was also highlighted.
It is essential to remember that artificial intelligence is the most frequently discussed topic in the crypto ecosystem. The discussions focus on the application of artificial intelligence solutions in trade, innovation and decentralization. Specifically, the intersection of AI and cryptocurrencies discovery on Synth AI has attracted attention.
This platform provides sophisticated artificial intelligence algorithms to facilitate automated trading and intelligent insights. According to Santiment, users are intrigued by a variety of AI-related topics.
Frequent discussions about AI capabilities suggest interest in other industry sectors, such as AI tokens. AI enthusiasts may be inclined to allocate funds to purchase these tokens, which could induce a ripple effect on their prices.
Currently, TAO is trading at $364.97, a decline of 6.05%. AGIX is currently priced at $0.7357, a decline of 4.33%. OCEAN fell 5% to $0.7465, while FET fell 4.78% to $1.74.
SingularityNET, Fetch AI and Ocean Protocol Join Tokens to Form $7.5 Billion AI Alliance, Aiming to Integrate AI and Blockchain
It is important to note that SingularityNET, Fetch AI and Ocean Protocol have reached an agreement to merge their crypto tokens following constructive discussions. A centralized AI platform is under development, which will involve merging the AGIX, FET and OCEAN tokens into one AI superintelligence (ASI) alliance and token. This token will have a fully diluted value of approximately $7.5 billion.
Since the merger required support from each protocol’s community members, SingularityNET, Fetch.ai, and Ocean Protocol initiated their respective election processes.
As a result, the majority of token holders voted in favor of the ASI Alliance’s future proposal. The merger does not affect the operations of either entity. Instead, it advances towards the milestone of integrating AI and blockchain. The crypto ecosystem is rapidly adopting these types of integrations. In the long term, further developments of these tokens could significantly influence the broader market.