🔥🔥🔥 AI tokens $FET , $AGIX , $OCEAN , and #ARKM surge despite market sell-off
Several artificial intelligence (AI)-related cryptocurrencies have shown remarkable performance despite the market downturn on Monday. Among the top performers are Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Arkham (ARKM).
According to CoinGecko data, Fetch.ai (FET) surged by 20% in the past 24 hours, with its current price standing at $1.69. Ocean Protocol (OCEAN) also demonstrated a positive trend, increasing by 15% to $0.68. Similarly, SingularityNET (AGIX) saw a 15.5% rise, currently trading at $0.68.
This price rally coincides with the Artificial Superintelligence Alliance's announcement, involving SingularityNET, Fetch.ai, and Ocean Protocol, about initiating the ASI token merger on July 1. Earlier, the alliance had postponed the merger to July 15.
Additionally, Arkham (ARKM), the native token of the AI-driven blockchain analytics platform Arkham, experienced a 16% increase in the past 24 hours, now trading at around $2.
The surge in AI-related tokens occurred amid a broader market correction triggered by news that the defunct crypto exchange Mt. Gox plans to repay its creditors $9 billion in July.
Historically, such news from Mt. Gox has led to market sell-offs. For example, last month, Bitcoin's price dropped from $70,000 to $68,500 following Arkham's report that a Mt. Gox-associated wallet was transferring 140,000 BTC (approximately $9 billion) to a new wallet, likely in preparation for creditor repayments.
Following the latest announcement, #Bitcoin's price fell below $59,000 but later recovered to over $61,000, still reflecting a 2% decline in the past 24 hours. Over the month, Bitcoin has seen an almost 11% drop.
Source - cryptobriefing.com
