Despite Nvidia, one of the year's most talked-about stocks, experiencing a sharp decline, artificial intelligence (AI) crypto tokens are surging.
AI-related cryptocurrencies have seen significant gains over the past week, even as Nvidia’s stock has lost $430 billion in market capitalization. Nvidia, a company closely monitored by crypto traders, is often viewed as a bellwether for the AI cryptocurrency market.
Nvidia, which produces the computer chips essential for many AI models, saw its stock price decline by 11.08% over the past five trading days, according to Google Finance data.
In contrast, Fetch.AI (FET) and SingularityNET (AGIX) hav…
Overview
Despite a significant decline in the floor price of Mocaverse NFTs, the MOCA token, designed to reward holders of these NFTs, has experienced substantial growth. Initially debuting at a market capitalization of $72 million, MOCA has surged by 41%, reaching $102 million according to CoinGecko. Currently, MOCA is trading at $0.088 and boasts a fully diluted valuation of $800 million.
MOCA Price Dynamics
Holders of Mocaverse NFTs can receive a MOCA airdrop allocation if they meet certain criteria: possessing a MOCA ID with at least 1,500 Realm Points (earned through various activities within the ecosystem) or holding at least 1 MOCA or Lucky…
The ASI token merger, combining AI tokens Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN), aims to create a unified, decentralized AI ecosystem.
HIGHLIGHTS
According to CoinMarketCap, the top AI and Big Data tokens contributed to a market cap of $30.52 billion, registering an intraday gain of 8.3%.
The ASI token merger could significantly enhance the growth potential for these coins by consolidating resources, technology, and communities, thereby increasing liquidity and market presence.
The bull flag pattern in FET price indicates a temporary pullback before the next upward leap.
Artificial intelligence (AI) has revolutioniz…
What Impact Will the ASI Token Merger Have on the AI and Crypto Markets, and What Should Investors Expect from This Alliance?
At the end of March, three major players in the AI and crypto industries — Fetch.ai, SingularityNET (AGIX), and Ocean Protocol (OCEAN) — made a groundbreaking announcement: they are merging their tokens to create a new, powerful AI token called Artificial Superintelligence (ASI). However, this isn’t just a straightforward swap. Each token holds a different value, so they will convert at varying rates.
According to the announcement, 1 FET will be exchanged for 1 ASI, while 1 AGIX will convert to 0.433350 ASI and 1 OCEAN to 0.433226 ASI. Aft…
Despite mostly flat bitcoin and broader crypto prices, tokens of Render (RNDR), Fetch.ai (FET), SingularityNET (AGIX), and Bittensor (TAO) slumped by 3%-5%. Bittensor experienced the steepest decline, falling nearly 6%, while Layer-1 network Near Protocol (NEAR) also dropped 3.2%.
Apple shares tumbled nearly 2% after the tech giant unveiled its AI plans during the annual developers event, leading to a ripple effect across AI-adjacent cryptos. This underperformance contrasted sharply with the stability seen in the broader digital asset market.
On Monday, artificial intelligence-linked (AI) cryptocurrencies experienced a notable downturn as Apple’s (AAPL) high…
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