Artificial Superintelligence Alliance Token Soars for Third Consecutive Day

The Artificial Superintelligence Alliance token experienced a significant surge, reaching its highest point since June 27. On September 19, the token climbed to a peak of $1.5768, marking a 127% increase from its lowest point this month. This rally mirrored the performance of most cryptocurrencies, which surged after the Federal Reserve reduced interest rates.

FET also saw a notable spike as data from Nansen indicated over $7.8 million in centralized exchange inflows within the last 24 hours, a 127x increase from the previous average. A significant rise in exchange inflows often signals that some holders are beginning to sell.

Smart Money Wallets and Trading Volume

Meanwhile, the number of FET tokens held by smart money wallets continued to rise, reaching a year-to-date high of 5.9 million. These wallets increased to 25, up from last month’s low of 21. Additionally, data revealed that the volume of FET traded across exchanges surged to over $623 million, its highest point since March this year. According to CoinGlass, FET’s futures open interest rose to over $92 million, reaching its highest level since June 9.

AI-Related News Developments

The Artificial Superintelligence Alliance token gained momentum following several significant AI-related news developments. In China, Alibaba unveiled a series of AI tools, including over 100 open-source AI models. Meanwhile, OpenAI is reportedly raising funds at a $150 billion valuation, solidifying its position as a major player in the AI industry. The company also partnered with T-Mobile, a move expected to boost its earnings by over $39 billion in the long term.

Upcoming Governance Vote

The coin also saw an increase ahead of an important vote where alliance members will decide whether Cudos will become the next part of the alliance. The current three members of the alliance are Fetch, Ocean Protocol, and SingularityNET. Cudos, the potential new member, bridges the gap between blockchain and cloud computing by providing decentralized storage solutions. Its token was up by 13%, giving it a market cap of over $68 million.

ASI Alliance: Your Vote Matters

Today at 6 PM UTC, the voting portal opens for the important governance proposal on Cudos joining and merging their native token with the Alliance. This decision is expected to strengthen the ASI ecosystem and drive innovation.

Performance of Other AI Tokens

FET, the biggest AI cryptocurrency, tends to perform well when there is positive news about the industry. Other AI tokens like Bittensor and Akash Network have also experienced double-digit gains in the past few days.

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