Here’s why the Vaiot (VAI) token price has gone parabolic
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Vaiot token price went parabolic on Tuesday, bucking the recent strong downward trend. The token jumped to a high of $0.1232, its highest point since June 18th. It has soared by over 33% from its lowest point this month.
The main reason why the VAI token price surged is that other artificial intelligence tokens jumped as well. As I wrote earlier on, tokens like SingularityNET and Fetch AI have jumped by over 50% from the lowest point this year. Other AI-affiliated tokens like The Graph, Akash Network, and Render token have also rebounded.
VAI price chart
Vaiot has also jumped because of the rising optimism in the crypto industry. Bitcoin has rebounded from $59,000 to over $61,000 today. Other big coins like dogwifhat, Bonk, and Lido DAO, and Brett have jumped.
This rebound, however, could be a dead cat bounce, which happens when an asset rebounds sharply after crashing hard in a certain period. In most cases, this type of a rebound is usually brief and takes a short period.
Vaiot is one of the many blockchain companies that aims to integrate with AI features. It combines the concepts of blockchain, AI, and natural user interface. For example, it aims to introduce an AI legal assistant that will help businesses and individuals get legal answers.
The developers are working on a solution known as Legal Torch that will launch at the end of the year.
This platform aims to redefine the way individuals and businesses navigate the legal landscape by offering easy-to-use solutions. The solution will also include expertise from Grant Thornton, one of the biggest accounting and advisory services players.
Some of the solutions the platform will start with are service agreements, non-disclosure agreements (NDA), loan agreements, and share transfer agreements among others.
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