Three key players within the AI domain of cryptocurrency, namely SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN), have announced the merging of their respective tokens into one Artificial Superintelligence (ASI) Token. Reports highlight that the ASI token is anticipated to attain a diluted valuation of $7.5 billion.
Since the merger announcement, all three projects have witnessed substantial gains, marked by remarkable price surges and significant increases in trading volume. The trio is expected to catalyze a paradigm shift within the AI crypto sector with massive scalability potential.
Fetch.ai, Ocean Protocol, and SingularityNET ready to form Artificial Superintelligence Alliance
According to a Bloomberg report, the major AI protocols SingularityNet, Fetch.ai, and Ocean Protocol, are planning to merge through a community vote. They aim for a combined value of $7.5 billion and a total of 2.631 billion tokens. The community vote is scheduled for April 2, with separate sessions for each protocol, and is expected to be completed by April 16.
If approved, the merger will create the Artificial Superintelligence Alliance, with the ASI token serving as its reserve currency. Fetch.ai token holders will be able to exchange their FET tokens for ASI tokens at a 1:1 rate, while SingularityNet and Ocean token holders will receive approximately 0.433350 ASI per AGIX token and 0.433226 ASI per OCEAN token, respectively.
Market optimism grows after merger announcement
With optimism surrounding the merger announcement, Ocean Protocol (OCEAN) has emerged as the top gainer. Over the past 24 hours, Ocean Protocol’s price has surged by 15%, reaching a price point of $1.46. Its trading volume surged by over 856% to $562 million, contributing to a market capitalization of roughly $833 million.
Fetch.ai (FET) also experienced positive momentum, witnessing a 5.6% increase in its price within the same timeframe. The token’s trading volume surged by a substantial 56%, reaching beyond $1B. Similarly, SingularityNET (AGIX), the anticipated addition to the alliance, observed a price increase of 9% over the past day, with a massive surge in its trading volume.
Algotech (ALGT) soars past $3.3M in presale with AI-driven trading features
As the AI sector continues to grow, Algotech (ALGT) is emerging as a leading project with its unique blend of crypto and decentralized intelligence. The algorithmic trading platform leverages machine learning and AI and offers cutting-edge features like momentum trading, mean reversion, and hedging to empower traders.
After raising over $3.3 million in stage 2 of the public presale, the project has defied market expectations and is poised to reach even greater market heights. With over 75 million ALGT tokens sold to 8,500 unique holders within three weeks, Algotech is anticipated to revolutionize AI crypto trading with its scalable infrastructure and extensive roadmap.
Algotech is hosting a mega $250k giveaway following a successful presale. Participants have the chance to win big, with ten lucky winners receiving 25k ALGT tokens each. With the token expected to reach $1 before it gets listed on major exchanges, this becomes a once-in-a-lifetime opportunity for 10x returns on investment.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.