Top Reasons Why AI Altcoins Rallying Today – Crypto News

Crypto experts and analysts are adamant that the crypto market is currently experiencing a bull run. In spite of this, the market has experienced fluctuations, particularly in the past few weeks, as Bitcoin attempts to transition out of the pre-halving period. However, a few AI crypto coins have surfaced, seeing significant profits, and capturing the attention of fans and investors alike. In this article, we will explore how Fetch.ai, MEMEAI, Ocean Protocol, and SingulariNET are performing.

Top AI Altcoins With Soaring Prices Today

Let’s delve into  AI cryptos making waves today because of their price performances.

1. Fetch.ai (FET)

Fetch.ai (FET) value has reported a growth of 3.24% in the last 24 hours. Its performance over the past week has been impressive with an increase of 23.52% in its price. The token also witnessed an increased 24-hour trading volume by 30.16%, reaching $1.05 billion.  

FET has also experienced significant attention after its price also soared by 23.5% in the last 30 days. Trading at $3.28 today, Fetch.ai boasts a market cap of $2.75 billion. This demonstrates that the token has garnered an increased investor confidence in its AI-driven platform. It is ranked 50 in the entire market according to CoinMarketCap and has a circulating supply of 840,404,981 FET.

2. MEMEAI (Meme Ai)

MEMEAI (Meme Ai) has seen a remarkable uptrend, registering a 3.79% increase within the last 24 hours. Over the past week, MEMEAI has demonstrated a notable 13.58% surge, while its 30-day performance showcases an astounding 1000.32% growth. Priced at $0.00865, MEMEAI’s market cap stands at $6.3 billion, underscoring the growing interest in AI-focused meme tokens within the cryptocurrency space.

3. Ocean Protocol (OCEAN)

The price of Ocean Protocol (OCEAN) has risen by 15.21% over the last day, showing a favorable trend. During the previous week, OCEAN showed an impressive 21.51% rise, and its performance over the past 30 days indicates a substantial 96.15% increase. Priced at $1.47, Ocean Protocol’s market cap amounts to $819 million, indicating growing confidence in its decentralized data exchange protocol powered by AI.

Ocean is an open-source protocol on the Ethereum blockchain that enables the exchange and monetization of data through datatokens. It aims to keep data sets within the control of those who store them while providing access to startups and researchers. Users redeem datatokens to access information, earning OCEAN cryptocurrency.

Its native token OCEAN has multiple uses, including validating datatokens, governance participation, and buying and selling data. Ocean’s software connects data users with providers, and marketplaces like Ocean Market allow for public trade of datatokens.

4. SingularityNET (AGIX)

SingularityNET (AGIX) has made significant strides, recording an 8.71% uptick in the last 24 hours. Over the past week, AGIX has demonstrated a notable 24.58% surge, while its 30-day performance showcases an impressive 87.64% growth. Currently priced at $1.35, SingularityNET boasts a market cap of $1.72 billion, highlighting the growing prominence of AI-driven decentralized networks.

AGIX acts as the main token on the SingularityNET platform, serving two purposes as a utility token for transactions and a governance token for platform decisions. AGIX tokens play a vital role in the SingularityNET ecosystem for tasks like paying for AI services, rewarding network participants, and managing platform development and features.

Why Are AI Altcoins Rallying Today?

The AI cryptos prices are rising after the merger announcement of Fetch.ai, SingularityNET, and Ocean Protocol to create the Superintelligence Alliance. The three organizations of leading decentralized AI projects will merge their tokens to form the Artificial Superintelligence token $ASI. Together, they have 225,000 wallet holders who aim to accelerate AI research and development toward Artificial General Intelligence and ultimately towards Artificial Superintelligence. 

By decentralizing AI advancements, the Alliance seeks to provide open and beneficial AI solutions that do not lock users into walled gardens or biases. With a combined value of $7.5 billion, the Alliance plans to integrate resources and expertise in data management, AI development, and infrastructure to advance towards Superintelligence. Subscribe to stay updated on this cryptocurrency revolution.

This merger allows them to compete with centralized entities and opens the door for future partnerships with like-minded organizations. The ultimate goal is to develop practical decentralized AI tools while securing necessary computing resources in a sustainable and democratized manner. Together, they are taking a united stand to change the game in AI development.

The alliance aims to empower individuals by giving them control over their data and AI while respecting their autonomy and sovereignty.

1/1 🔒

Following the announcement of our merger with @SingularityNET, and @oceanprotocol to create the Superintelligence Alliance, let’s dive into what $ASI is, and what you can expect as a $FET holder 💡

Read the details 👇https://t.co/GN6cP2Szhp pic.twitter.com/YUnss2fN8d

— Fetch.ai (@Fetch_ai) March 27, 2024

Conclusion

Today’s market rally has shone a spotlight on AI altcoins, including Fetch.ai, MEMEAI, Ocean Protocol, and SingulariNET. These initiatives utilize AI to transform different industries, attracting considerable interest from investors looking for cutting-edge blockchain solutions. As the cryptocurrency market evolves, these AI alternative coins offer potential growth and advancement in decentralized technologies.