These AI Tokens Defy the Crypto Market and Refuse to Collapse!

In a context of a crypto market correction, several tokens related to artificial intelligence (AI) have shown impressive performance! Resisting the general sell-off trend. Among them, Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Arkham (ARKM) have seen significant increases in their value.

ASI Alliance shows its strength before the big merger!

The crypto token FET has seen a 20% increase over the past 24 hours, with a current price of $1.69. OCEAN also followed a positive trend with a 15% increase over 24 hours, its current price being $0.68. Similarly, AGIX increased by about 15.5% over the past 24 hours, currently trading around $0.68.

This rise in AI tokens follows the announcement of the Artificial Superintelligence Alliance, including SingularityNET, Fetch.ai, and Ocean Protocol, which will initiate the ASI token merger on July 1st. Earlier this month, the crypto alliance had announced it would postpone the merger to July 15th.

Another mainstream AI token, ARKM, the native token of the Arkham crypto platform, also saw a 16% increase over the past 24 hours. Currently, ARKM is trading around $2.

The leading crypto also falls after this announcement 

The rise in AI tokens comes despite a market correction early Monday after the failing crypto exchange Mt. Gox announced its intention to repay its creditors up to $9 billion in July. Bitcoin’s price fell below $59,000 following this announcement. At the time of writing, BTC has rebounded to $61,122, and is up nearly 2% over the past 24 hours.

These developments highlight the growing interest in AI technologies in the crypto sector. But also, investor confidence in the potential of these tokens despite market turbulence.