The Surge of AI Tokens AGIX and RNDR Outperform Bitcoin in Price Increase
After the AI chip giant Nvidia surpassed Microsoft to become the world’s most valuable company, AI-related tokens in the cryptocurrency market have also surged. Fetch.ai (FET) and SingularityNET (AGIX) have seen a 24-hour increase of nearly 25%. While blue-chip cryptocurrencies like Bitcoin and Ethereum are consolidating, AI tokens have performed well.
Source: CoinGecko
Following its stock split last week, Nvidia’s stock price has continued to rise and officially surpassed Microsoft on June 18th, becoming the global market value champion.
Currently, funds in the market are flowing into AI-related stocks. AI coins have shown relatively impressive performance while blue-chip cryptocurrencies like Bitcoin and Ethereum are consolidating.
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In March, three companies focused on blockchain + AI development, including SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN), decided to merge their cryptocurrencies and jointly develop a decentralized AI platform. The fully diluted valuation of the tokens is estimated to be $7.5 billion. The three platforms will continue to operate as independent entities but collaborate under the guidance of the “Superintelligence Collective” led by Ben Goertzel, the founder of SingularityNET.
SingularityNET was established as early as 2017 and led by Dr. Ben Goertzel, one of the most important experts in the AGI field.
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What is SingularityNET (AGIX), an AI concept cryptocurrency?
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The AI veteran project Render Network (RNDR) has also seen a remarkable increase, with a one-year growth rate of 272%. In comparison, AGIX has increased by 178%, both outperforming blue-chip cryptocurrencies Bitcoin (up 130%) and Ethereum (up 99%).
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AI veteran project Render Network (RNDR) rides the wave, upgrades to Solana network
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AGIX
AI
Fetch.ai (FET)
RNDR
Nvidia
Further reading
Will all AI coins merge? Rumors of SingularityNET, Fetch.ai, and Ocean’s intention to merge for AI development
Sora drives the AI frenzy again, WLD reaches a historical high
