The world is driven by technology, and AI is currently leading the technology. Artificial intelligence has been crafted to make it seamless for humans to do tasks, whether personal or professional. The revolution in the technological segment is now heating up with the introduction of AI-powered tokens. Blockchain technology also supports the rise of AI. Both have found a way to converge and yield fruitful results for the members of the ecosystem.
The AI Crypto Coins Revolution
Blockchain technology has existed for a long time. Now, it is entering the market with key features such as decentralization and community governance. AI crypto coins leverage precisely these functionalities, along with others offered by blockchain technology. Generic crypto tokens also leverage similar functionalities. What distinguishes AI tokens is the mechanism behind them.
The benefits that blockchain extends to AI tokens are decentralized training and development, democratized access to AI resources, and enhanced security and efficiency.
These are the same benefits that have backed the rise of AI tokens as well. For instance, Fetch.ai is up by 24.095 in the last 7 days. FET is exchanging hands at $3.18 at the time of writing this article. Other AI tokens that have seen a surge in their valuations are OCEAN and AGIX. Interestingly, this comes at a time when there is a lot of interest in meme coins.
AI coins reaching $25 billion market cap
The market cap of all AI coins, collectively, has peaked at $25 billion in terms of Market Cap. There is a lot of potential for the segment to see a higher inflow. This signifies a rising interest in AI coins, which is evident from the fact that traders are willing to buy dips and accumulate the tokens in their portfolios.
Traders are looking for three tokens: FET, WLD, and TAO.
FET has gained 185.13% over the last 30 days. WLD is up by 9.235 during the same time window. While TAO has been down by 14.75% in the last 30 days, Fetch.ai’s prediction is that it could soon ride the bullish wave charged by BTC. Investors have found a alofa naunau in AI and meme tokens, especially those who have their sights set on long-term holdings.
The recent merger of FET, OCEAN and AGIX
i lalo Superintelligence Collective’s governance, the merger has the potential to inject a value of approximately $7.5 billion upon full dilution. The said merger will introduce ASI tokens after their respective holdings transition to a new face following approval from their communities. Also, the merger aims to boost the development of a decentralized AI platform.
Ben Goertzel, the Chief Executive Officer and Founder of SingularityNET, will lead the new governing body. The new total supply is estimated at 2.63 billion tokens with an opening price of $2.82.
Other implications of the merger are enhanced liquidity, potential price appreciation, and enhanced capabilities and functionalities. FET could be the first to transition to the new token, followed by OCEAN and AGIX.
Top AI coins to invest in April 2024
Four AI tokens have been identified with the best potential to thrive in April 2024: FET, AGIX, GRT, and OCEAN.
GRT by The Graph has painted bearish images in the last 24 hours by losing 2.32% in weight, dropping the value to $0.4048 as the article is being drafted. However, it also marks a rise of 4.97% in the last 7 days and 41.93% in the last 30 days. GRT gains power from focusing on decentralization for AI.
FET, AGIX, and OCEAN are marking an uptick via merger.
The AI crypto revolution is far from over. AI tokens and meme tokens have gathered significant interest from traders with long-term goals. The merger of FET, AGIX, and OCEAN is currently a topic of discussion. Other tokens are also thriving in the wave of growing interest in the segment.
Source: https://www.cryptonewsz.com/ai-crypto-giants-to-watch-in-april-2024-as-the-market-heats-up/