Rise of AI Tokens AGIX and RNDR Outperform Bitcoin in Soaring alongside NVIDIA
After surpassing Microsoft to become the world’s most valuable company, AI chip giant Nvidia has triggered a surge in AI-related tokens in the cryptocurrency market. Fetch.ai (FET) and SingularityNET (AGIX) have both experienced a nearly 25% increase in the past 24 hours. While Bitcoin and Ethereum are consolidating, AI tokens are performing well.
Source: CoinGecko
Following its stock split last week, Nvidia’s stock price continues to rise, officially surpassing Microsoft on June 18 to become the world’s most valuable company.
Currently, funds in the market are flowing into AI-related stocks. While blue-chip cryptocurrencies like Bitcoin and Ethereum are consolidating, AI coins have shown relatively impressive performance.
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In March, three companies focused on blockchain and AI development, SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN), decided to merge their cryptocurrencies to jointly develop a decentralized AI platform. The fully diluted valuation of this token is estimated at $7.5 billion. The three platforms will continue to operate as independent entities but collaborate under the guidance of the “Super Intelligent Collective,” led by Ben Goertzel, the founder of SingularityNET. SingularityNET was founded as early as 2017 and is led by Dr. Ben Goertzel, one of the most important experts in the field of AGI.
(The AI concept cryptocurrency SingularityNET (AGIX) continues to surge – what is it?)
The AI veteran project Render Network (RNDR) has also seen a remarkable increase, with a yearly gain of 272%. In comparison, AGIX has risen by 178%, both outperforming blue-chip cryptocurrencies Bitcoin (up 130%) and Ethereum (up 99%).
(AI veteran project Render Network (RNDR) rides the wave and upgrades to the Solana network)
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Fetch.ai (FET)
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(Read more: SingularityNET, Fetch.ai, and Ocean rumored to merge in pursuit of AI development)
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