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FETOCEAN $AGIX: Merger and exchange, opportunities behind market panic

Recently, the cryptocurrency market has been in turmoil because Binance announced that it would delist FET (Filecoin token), OCEAN (Ocean Protocol token) and AGIX (SingularityNET token). This news was like a bombshell, instantly triggering panic selling in the market, and investors fled in panic to seek safe havens.

📉 Price plunge and investor losses

Driven by the sell-off, the prices of these three digital currencies have suffered heavy losses. Especially FET, its price plummeted from the original 2.1 yuan to 1.1 yuan, and investors suffered heavy losses. This sudden plunge not only caught many investors off guard, but also plunged the market into chaos.

😱 Market misunderstanding and panic selling

However, after carefully interpreting Binance's announcement, it is not difficult to find that this news has caused widespread misunderstanding in the market. In fact, these three digital currencies are not really "delisted", but will be merged and traded. Specifically, AGIX and OCEAN will first transition to FET, and then FET will be unified into a new currency ASI.

💡Understanding Merger and Coin Swap

Merge and coin swap is a common operation in the cryptocurrency market, which aims to improve overall efficiency and value by integrating resources from different projects. Under this operation, the digital currency originally held by investors will be converted according to certain rules and become a new digital currency. For investors, this is both a challenge and an opportunity.

🔮Great opportunity to buy low

In the current panic selling, many investors have sold their digital currencies because of panic. However, for those visionary and adventurous investors, this is a great opportunity to buy low. Although the market is selling due to panic in the short term, in the long run, this is actually a major opportunity for investors. Merger and coin swap means that these projects will integrate their respective advantages to jointly create a stronger and more influential AI project.

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