Fetch.AI Price Soars as New AI Coin Gears Up to Hit Exchanges
Today, the Fetch.AI price experienced a major surge amid the approaching ASI merger. A new AI meme coin, WienerAI, may present a better opportunity, however.
Over the 24 hours, Fetch.AI recorded a 7.33% gain, bringing its price up to $1.5943.
Its explosive overnight price movement has done little to advance its price from last Thursday, however. The token has only seen a slight increase of 0.19%.
Although insignificant, this represents the token’s resilience compared to the losses experienced by major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) , which have retraced.
Looking wider, this performance even surpasses that of other leading AI coins . Near Protocol’s $NEAR token has only seen a modest 0.61% rise – the largest AI coin by market cap.
Fetch.ai’s surge is likely credited to the approaching ASI token merger, starting on July 15. This represents an important step toward uniting the fetch.ai (FET), SingularityNet (AGIX), and Ocean Protocol (OCEAN) communities.
The merger will establish a decentralized AI platform to strengthen collaboration among the three companies. A move that “represents the largest open-sourced, decentralized network focused on the AI industry.”
Under the arrangement, SingularityNET, Fetch.ai, and Ocean Protocol would maintain their separate operations. But, they will work together under the governance of a newly formed entity called the Superintelligence Collective.
With Fetch.AI already boasting a market cap of $$1.35B, there is a real likelihood that its biggest gains are already in the past.
A new generation of coins is bringing AI utility to the viral world of meme coins to unlock some potentially explosive upside potential, however.
WienerAI ($WAI) is a new meme coin
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