Upcoming $ASI token-related events:
- ASI token will be listed on Binance for trading from July 5.
- Token merger: Fetch.ai ($FET ), SingularityNet ($AGIX ), and Ocean Protocol ($OCEAN ) will merge into ASI tokens on July 15.
- Price Impact: Over the past week, FET, AGIX, and OCEAN lost about 16% of their value, while Binance lost less than 1%.
- Conversion Rate: After the merger, 1 FET will be equivalent to 1 ASI, 1 OCEAN will be converted to 0.433226 ASI, and 1 AGIX will be 0.433350 ASI.
- Pre-Merger Actions: By July 1, Binance will delist trading pairs and remove orders for FET, AGIX, and OCEAN, pausing deposits and withdrawals.
This strategic move is aimed at a smooth transition to ASI, ensuring the accuracy of the merger of these tokens.
Expert opinion on the ASI token merger and listing on Binance:
- Market Position: Experts believe that Binance's decision to list ASI before the merger strengthens its dominant position in the market.
- Market Stabilization: The delisting of FET, OCEAN and AGIX trading pairs is considered a move to maintain market stability during the transition process.
- Market Dynamics: Post-merger, the reintroduction of ASI deposits and withdrawals will be in line with new market dynamics, indicating a potential shift in trading patterns.
- Market Value: The market value of the ASI token is expected to reach $7.5 billion after full dilution, reflecting significant growth potential.