As a researcher with a background in artificial intelligence and blockchain technology, I’m keeping a close eye on the recent developments in the crypto market, particularly the impressive gains recorded by Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN). These tokens have caught my attention due to their strong correlation with the rising price of Nvidia stock.
These cryptocurrencies, specifically Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN), have experienced notable growth in value coinciding with the rise in Nvidia’s stock price.
As a crypto investor, I’m thrilled to see that FET has surged by an impressive 35% in just the last 24 hours and is now trading at a price of $1.71. Its market capitalization currently stands at a substantial $1.43 billion, positioning it as the 61st largest cryptocurrency in the market. Moreover, Fetch.ai’s daily trading volume has more than doubled, reaching an impressive nearly $400 million.
In the previous 24 hours, AGIX‘s AI token experienced a notable surge, rising by approximately 29%. The token currently trades at a price of $0.68. Its market capitalization is approaching the $900 million threshold, and its daily trading volume amounts to around $176 million.
The third component of the Superintelligence Alliance (ASI) cryptocurrency, named OCEAN, experienced a noteworthy rise of 27% in value over the past day and is presently priced at $0.68. At the moment of reporting, its market capitalization stands at an impressive $390 million. Moreover, there was a substantial boost of 180% in OCEAN’s 24-hour trading volume, resulting in transactions worth $80 million.
Beginning in April, the Artificial Superintelligence Alliance unveiled plans to combine FET, AGIX, and OCEAN tokens into a solitary digital currency. SingularityNET disclosed the subsequent conversion rates for these tokens to ASI on June 3rd.
- FET will be converted to ASI at a conversion rate of 1:1.
AGIX will be converted to ASI at a conversion rate of 1:0.433350.
OCEAN will be converted to ASI at a conversion rate of 1:0.433226.
As a researcher studying market trends, I’ve observed an uptick in the demand for AI tokens. Coincidentally, Nvidia’s stock experienced a 3.51% growth on Wednesday, concluding the trading day at $135.58.
MarkETWatch identifies Nvidia, headquartered in California, as one of the key players, or “three horsemen,” in the field of artificial intelligence. Impressively, this tech company has been advancing its business-grade AI platform.
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2024-06-20 09:50