**News Flash: AI Tokens Surge Amid Fed Rate Cut**
Artificial intelligence-themed tokens are on a roll, posting double-digit gains following the US Federal Reserve’s 50 basis-point rate cut. Leading the charge is the FET token from the Artificial Superintelligence Alliance, which includes Fetch.ai, Ocean Protocol, and SingularityNET. FET surged 15% in the last 24 hours, hitting $1.54.
Key drivers include:
- AI narratives and Nvidia’s stock performance.
- Upcoming governance vote on including Cudos in the alliance.
FET has outperformed the broader crypto market, rising over 108% year-to-date. Analysts are bullish, predicting potential further gains if key resistances are broken.