Ocean Protocol

Render

SingularityNET

The Graph

AI-related crypto tokens FET, AGIX, and OCEAN have performed well in the past day despite a 6.6% drop in Nvidia stocks, an AI leader often watched by the crypto community for such token trends. 
At the time of writing, FET, the native token of Fetch.ai, was up 22%, trading at $1.66 in the last 24 hours, per data from CoinMarketCap. During the same period, the crypto asset’s trading volume surged over 170% to $311.6 million. Meanwhile, the token’s market cap also climbed and now stands at $1.41 billion, making it the 60th-largest cryptocurrency. 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14281166"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/06/FET_1D_graph_coinmarketcap-3-1024x683.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="683" src="https://crypto.news/app/uploads/2024/06/FET_1D_graph_coinmarketcap-3-1024x683.png" alt="AI tokens FET, AGIX, and OCEAN defy market trends, rally amid Nvidia dip - 18"> 
 </picture> 
 <figcaption class="wp-element-caption">
 FET 24-hour price chart | Source: CoinMarketCap
 </figcaption>
</figure> 
SingularityNET (AGIX) recorded a similar run. The AI token climbed 20.5% in the past 24 hours and is trading at $0.68 at the time of publication. Its market cap is hovering close to $890 million, with a daily trading volume of $148 million. 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14281167"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/06/AGIX_1D_graph_coinmarketcap-2-1024x683.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="683" src="https://crypto.news/app/uploads/2024/06/AGIX_1D_graph_coinmarketcap-2-1024x683.png" alt="AI tokens FET, AGIX, and OCEAN defy market trends, rally amid Nvidia dip - 19"> 
 </picture> 
 <figcaption class="wp-element-caption">
 AGIX 24-hour price chart | Source: CoinMarketCap
 </figcaption>
</figure> 
Ocean Protocol (OCEAN), the third partner of the Superintelligence Alliance (ASI) token, also surged 21% over the past day, trading at $0.69. Its market cap stands at $394 million. The trading volume for OCEAN has jumped 120% over the last 24 hours, hitting $89 million. 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14281168"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/06/OCEAN_1D_graph_coinmarketcap-2-1024x683.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="683" src="https://crypto.news/app/uploads/2024/06/OCEAN_1D_graph_coinmarketcap-2-1024x683.png" alt="AI tokens FET, AGIX, and OCEAN defy market trends, rally amid Nvidia dip - 20"> 
 </picture> 
 <figcaption class="wp-element-caption">
 OCEAN 24-hour price chart | Source: CoinMarketCap
 </figcaption>
</figure> 
Meanwhile, other popular AI tokens, such as Render (RNDR) and The Graph (GRT), recorded gains ranging from 12% to 10%, respectively. 
 You might also like: <a href="https://crypto.news/nvidias-innovations-can-bolster-the-ai-crypto-sector-says-anamoly-ceo/"> Nvidia’s innovations can bolster the AI crypto sector, says Anomaly CEO </a> 
The surge in the AI tokens comes despite Nvidia stock recording a 6.68% drop on Monday, closing the day at $118.11. 
The key supplier of computer chips for AI companies also experienced an 11.08% decrease in its stock price over the last five trading days, per Google Finance data. 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14281172"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/06/Screenshot-40.png.webp"> 
 <img loading="lazy" decoding="async" width="853" height="523" src="https://crypto.news/app/uploads/2024/06/Screenshot-40.png" alt="AI tokens FET, AGIX, and OCEAN defy market trends, rally amid Nvidia dip - 21"> 
 </picture> 
</figure> 
It is worth noting that MarketWatch has named the California-based graphics processor company as one of the “three horsemen of AI.” Notably, Nvidia is developing an enterprise-level AI platform. 
The rally in AI tokens also coincides with a market correction early on June 24 after the collapsed crypto exchange Mt. Gox <a href="https://crypto.news/mt-gox-to-start-bitcoin-bitcoin-cash-repayments-in-july/">announced plans </a>to repay its creditors $9 billion in July. 
In the past, news about Mt. Gox <a href="https://crypto.news/bitcoin-dips-below-68k-as-mt-gox-moves-billions-to-unknown-address/">has caused a market sell-off</a>. For example, last month, Bitcoin’s price fell from $70,000 to $68,500 after Arkham’s data revealed that a wallet associated with Mt. Gox began transferring over 140,000 BTC, worth approximately $9 billion, to a new wallet. The move was viewed as a preliminary step toward creditor repayments. 
Bitcoin’s price fell below $59,000 following the new statement. At press time, BTC has returned to more than $61,000, but it has still been down 2% in the past 24 hours. The pioneering cryptocurrency has fallen 11% over the past month. 
 Read more: <a href="https://crypto.news/nvidias-record-earnings-and-stock-split-shake-up-ai-crypto-market/"> Nvidia’s record earnings and stock split shake up AI crypto market </a>

AI tokens FET, AGIX, and OCEAN defy market trends, rally amid Nvidia dip

crypto.news

25 Haz 2024 tarihli diğer yazılar

Bitcoin Supply In Profit Down To 81% After Market Crash

India’s CBDC Activity Declines Sharply After Artificial Pump

Polkadot price has more upside, expert says

Michael Saylor Issues Crucial BTC Tip Amid Bitcoin Price Uncertainty

Ethereum (ETH) Price Prediction for June 25

Jupiter Exchange Unveils Enhanced Jupiter Swap V3

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!