The crypto market had a bullish week with BTC gaining nearly 11%, leading to a positive sentiment across the larger crypto market. AI-themed cryptos also saw significant gains, with the overall market cap of AI coins surging by 5.6% to $4.11 billion.
Among the top AI cryptos, Artificial Superintelligence Alliance (FET), SingularityNET (AGIX), and Oraichain (ORAI) emerged as winners. FET, in particular, saw a 62% rise this week, breaking out from a falling wedge pattern and showing signs of a bullish trend.
The merger of Ocean Protocol (OCEAN) and SingularityNET (AGIX) tokens into Fetch.ai (FET) by KuCoin has further boosted the growth of AI coins. FET has been rebranded as the Artificial Superintelligence Alliance with the ticker FET, and all tokens will eventually be combined to form a unified token for all assets referred to as ASI.
AGIX, on the other hand, saw a 62.9% growth this week on UNISWAP after being delisted from major exchanges due to the merger with FET. The deposit, withdrawal, and trading services of FET tokens remain open, while AGIX to FET was converted at a ratio of 1 AGIX to 0.433350 FET.
ORAI, ranked 412th on Coingecko, gained 18.5% this week after displaying bullish behavior at an important demand zone. The recent surge in price has pierced the 20-day EMA band and is approaching the 50-day and 200-day EMA, indicating a potential rally towards the wedge’s upper border.
Overall, the AI crypto market is showing strong growth potential, with FET, AGIX, and ORAI leading the way in this week’s rally. Investors and traders are keeping a close eye on these top AI cryptos as they continue to show promising signs of growth.
