As reported by CryptoPotato, tokens associated with artificial intelligence (AI) projects have surged once again, riding the bull wave of the entire crypto market. Santiment's latest analysis also highlights a similar trend. The crypto analytics platform's findings show that the market capitalization of AI and BigData projects has grown rapidly. In fact, assets such as BOTTO, TOKEN, and AGIX have seen astonishing gains in the past week. Despite the waning interest of the masses, the total market capitalization of the top 100 projects in this space has increased by 7.3%. Santiment also highlighted the lack of FOMO, which actually indicates the possibility of further price increases, providing a strong opportunity for investors to keep a close eye on these developments. According to CoinMarketCap, BOTTO has risen by more than 54% in the past week alone, with the price soaring to $1.42. This price action has brought the token's gains to more than 200% in the past month. Another AI-linked crypto asset that has caught the attention of investors is TokenFi's TOKEN, which has risen by more than 70% in the past day alone. The token has been heavily supported by a two-year $10 million asset purchase by crypto trading fund DWF Labs. This new capital injection is intended to develop a range of products. SingularityNET (AGIX) has also seen a similar upward trend, gaining more than 86% in the past month. At the time of writing, it is trading at $1.33. One of the biggest catalysts for the growing optimism around these assets can be attributed to the merger announcement between three projects, namely Fetch.AI, SingularityNET, and Ocean Protocol. These three projects are some of the most prominent players in the web3 and artificial intelligence space. As reported by CryptoPotato, the partnership aims to combine Fetch.AI’s autonomous AI agents and blockchain framework with SingularityNET’s R&D efforts and Ocean Protocol’s data exchange and monetization initiatives. The founders of these platforms are early adopters of AI, and they are also seeking to build an alternative to the control that large tech companies have over the development, use, and monetization of AI.
