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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 AI-based cryptocurrencies surge, according to blockchain analytics platform Santiment.
Growing Social Volume Toward Synth AI Highlights Rising Interest in AI Tokens Like FET, AGIX, and OCEAN, Says Santiment
In a recent report by CoinGape, the surge in social volume toward Synth AI, the solution that emerged from integrating cryptocurrency and AI, has emphasized the growing interest in tokens based on artificial intelligence (AI).
Santiment, a blockchain analytics platform, has offered a glimpse into the level of engagement the AI sector has experienced in the lead-up to the weekend. The analytics platform observed that the social media boost in AI tokens sufficiently warrants attention to this sector. The regulation of Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Bittensor (TAO) was also emphasized.
It is essential to mention that AI is the most frequently discussed subject in the crypto ecosystem. Discussions are centered on applying AI solutions in trading, innovation, and decentralization. Notably, the intersection of AI and cryptocurrencies discovered on Synth AI has garnered attention.
This platform provides sophisticated AI algorithms to facilitate automated trading and intelligent insights. According to Santiment, users are intrigued by a variety of AI-related subjects.
The frequent discussions regarding AI's capabilities suggest interest in other industry sectors, such as AI tokens. AI enthusiasts may be inclined to allocate funds toward procuring these tokens, which could induce a ripple effect on their prices.
Currently, TAO is trading at $364.97, representing a 6.05% decline. AGIX is presently priced at $0.7357, representing a 4.33% decrease. OCEAN has experienced a 5% decline to $0.7465, while FET has experienced a 4.78% decline to $1.74.
SingularityNET, Fetch AI, and Ocean Protocol Merge 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 being developed, which will involve the merger of AGIX, FET, and OCEAN tokens into an Artificial Superintelligence (ASI) alliance and token. This token will have a wholly diluted value of approximately $7.5 billion.
Given that the merger move required the support of each protocol's community members, SingularityNET, Fetch.ai, and Ocean Protocol initiated their respective election processes.
Consequently, most of their token holders voted in favor of the prospective ASI Alliance proposal. The merger does not affect each entity's operations. Instead, it advances the milestone of integrating AI and blockchain. The crypto ecosystem is rapidly adopting these types of integrations. In the long term, additional developments in these tokens may significantly influence the broader market.
