Ocean Protocol

SingularityNET

Artificial Superintelligence Alliance

Fetch.ai (<a href="https://crypto.news/price/fetch-ai/" rel="">FET</a>), SingularityNET (<a href="https://crypto.news/price/singularitynet/" rel="">AGIX</a>) and Ocean Protocol (<a href="https://crypto.news/price/ocean-protocol/" rel="">OCEAN</a>) have recorded impressive gains as the Nvidia stock price hikes.&nbsp; 
FET is up by 35% in the past 24 hours and is trading at $1.71 at the time of writing. The asset’s market cap is currently sitting at $1.43 billion, making it the 61st-largest cryptocurrency. Fetch.ai’s daily trading volume doubled over the past day, reaching almost $400 million. 
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 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/06/Fetch-FET-10.51.51-20-Jun-2024-1024x347.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="347" src="https://crypto.news/app/uploads/2024/06/Fetch-FET-10.51.51-20-Jun-2024-1024x347.png" alt="AI altcoins rally as Nvidia stock gains bullish momentum - 28"> 
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 <figcaption class="wp-element-caption">
 FET, AGIX and OCEAN prices – June 20 | Source: Santiment
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AGIX recorded a quite similar run. The AI token gained 29% in the past 24 hours and is trading at $0.68 at the reporting time. Its market cap is hovering close to the $900 million mark with a daily trading volume of $176 million. 
 You might also like: <a href="https://crypto.news/stablecoin-transfer-volume-has-increased-by-1500-over-the-past-4-years/" rel=""> Stablecoin transfer volume has increased by 1500% over the past 4 years </a> 
The third partner of the Superintelligence Alliance (ASI) token, OCEAN, also recorded a 27% surge over the past day and is currently trading at $0.68. The asset’s market cap is sitting at $390 million at the time of writing. OCEAN’s 24-hour trading volume increased by 180%, reaching $80 million. 
In April, the Artificial Superintelligence Alliance announced that <a href="https://crypto.news/what-is-fetch-ai-explained/" rel="">FET</a>, AGIX and OCEAN would be merged into a single token. On June 3, SingularityNET <a href="https://crypto.news/singularitynet-unveils-dates-for-erc-20-token-swap-amid-merger-with-ai-cryptos/" rel="">shared</a> the following conversion rates of the tokens to ASI:&nbsp; 
<ul> 
 <li>FET will be converted to ASI at a conversion rate of 1:1.</li> 
 <li>AGIX will be converted to ASI at a conversion rate of 1:0.433350.</li> 
 <li>OCEAN will be converted to ASI at a conversion rate of 1:0.433226.</li> 
</ul> 
The surge in the AI tokens comes as the Nvidia stock <a href="https://www.marketwatch.com/investing/stock/nvda" target="_blank" rel="">recorded</a> a 3.51% hike on Wednesday — closing the day with a price of $135.58. 
It’s important to note that the California-based graphics processor manufacturer is called one of the “three horsemen of AI” by MarketWatch. Notably, Nvidia has been developing an enterprise-level AI platform. 
 Read more: <a href="https://crypto.news/circle-ceo-jeremy-allaire-says-hes-insanely-bullish-on-crypto/" rel=""> Circle CEO Jeremy Allaire says he’s ‘insanely bullish’ on crypto </a>

AI altcoins rally as Nvidia stock gains bullish momentum

crypto.news

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