Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) have seen significant gains recently, coinciding with a rise in Nvidia’s stock price.

FET has surged by 35% in the past 24 hours, currently trading at $1.71. The market cap of this asset stands at $1.43 billion, ranking it as the 61st-largest cryptocurrency. Daily trading volume for FET has doubled, reaching nearly $400 million.

AGIX has experienced a similar increase, gaining 29% in the past 24 hours and trading at $0.68. Its market cap is close to $900 million, with a daily trading volume of $176 million.

OCEAN, another member of the Superintelligence Alliance (ASI) token trio, saw a 27% rise over the past day and is currently trading at $0.68. The asset’s market cap is $390 million, and its 24-hour trading volume has surged by 180%, reaching $80 million.

In April, the Artificial Superintelligence Alliance announced that FET, AGIX, and OCEAN would be merged into a single token.

On June 3, SingularityNET revealed the conversion rates for the tokens to ASI:

  • FET will be converted to ASI at a 1:1 rate.
  • AGIX will be converted to ASI at a 1:0.433350 rate.
  • OCEAN will be converted to ASI at a 1:0.433226 rate.

The recent surge in AI tokens aligns with a 3.51% hike in Nvidia’s stock price, closing at $135.58 on Wednesday. Nvidia, a prominent California-based graphics processor manufacturer, is often referred to as one of the “three horsemen of AI” and has been developing an enterprise-level AI platform.

Stay updated with the latest trends and news in cryptocurrencies, investing, and finance on Global Crypto News.

Post Views: 8