News
AI tokens FET, AGIX, OCEAN, and ARKM rise despite market sell-off
Share this article
Numerous artificial intelligence (AI) crypto assets showed impressive performance despite Monday’s market sell-off. These include Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Arkham (ARKM).
According to data from CoinGecko, FET has seen a 20% increase in the last 24 hours, with its current price at $1.69.
OCEAN also showed a positive trend with a 15% increase in 24 hours and its current price is $0.68. Meanwhile, AGIX has risen by around 15.5% over the past 24 hours, currently trading at around $0.68.
The recent price increase follows reports from the Artificial Superintelligence Alliance, including SingularityNET, Fetch.ai and Ocean Protocol, that it will start the ASI token merger on July 1st. Earlier this month, the alliance said yes postpone the merger to July 15.
Another mainstream AI token, ARKM, the native token of the Arkham Platform, an AI-based blockchain analytics platform, also saw a 16% increase in the last 24 hours. Currently, ARKM is trading at around $2.
The surge in AI tokens comes amid a market correction early Monday following the announcement of defunct cryptocurrency exchange Mt. Gox intends to repay its creditors $9 billion in July.
In the past, news surrounding Mt. Gox has triggered a market sell-off. For example, last month, the price of Bitcoin took a slight dip, falling from $70,000 to $68,500 after data from Arkham showed that a wallet associated with Mt. Gox was launched. transferring over 140,000 BTCworth about $9 billion in a new portfolio, a move seen as a preparatory step for repaying creditors.
Bitcoin price dropped below $59,000 after the latest announcement. As of this writing, BTC has recovered to above $61,000, but was still down more than 2% over the past 24 hours. The flagship crypto asset is down nearly 11% this month.
Share this article