The excitement surrounding AI is making a comeback as Fetch.ai, SingularityNET, and Worldcoin all experience significant gains of over 20% today.
Simultaneously, WienerAI, a new AI token, is gaining traction in its presale, surpassing the $6 million mark in total funds raised.
All eyes are now on AI cryptocurrencies as chip manufacturer Nvidia surpasses Microsoft to become the world’s most valuable company.
With a market capitalization of over $3.3 trillion, Nvidia’s value exceeds that of the entire crypto industry, as well as the GDP of the United Kingdom and France.
Nvidia’s stock price has risen by 209% this year, reflecting the ongoing demand for computational power to train AI models.
However, the rise of Nvidia has also brought attention to crypto AI projects that aim to democratize access to AI infrastructure.
Fetch.ai and SingularityNET are among the top performers in the market today.
FET has experienced an impressive 27% surge, erasing its losses from the previous week. However, it still remains 32% below its price from a month ago and nearly 51% below its all-time high in March.
The project currently boasts a market capitalization of $1.4 billion and a 24-hour trading volume of $422 million, representing a 111% increase.
Prominent trader Crypto Bullet has expressed optimism about Fetch.ai, stating that he is buying the token and predicting a strong rebound once the market turns bullish again.
Crypto Rover also anticipates that Fetch.ai will reach $10 soon, providing a 6x return from its current price of $1.66.
Moving on to SingularityNET, the project has also experienced significant growth today, with a 25% increase in its trading price to $0.67. However, it has seen a 2% decrease this week and a 35% decrease this month. It is also more than 50% below its high in March.
Analysts have high expectations for AGIX, similar to FET. PipSnipers, in a recent analysis, notes that the project is trading in a macro ascending wedge and predicts that the next wave will push its price to $4.9.
With Nvidia’s dominance in the stock market, the conditions are favorable for AI-themed cryptocurrencies.
One of the latest projects causing a stir is WienerAI, a new meme coin-themed AI trading bot that is currently in its presale.
While its AI functionality handles the complex tasks, WienerAI has a community-facing exterior with meme coin characteristics, attracting attention from both novice and speculative traders.
This combination of cutting-edge innovation and playful memetic elements has led to remarkable success, with over $6 million raised in the presale.
The project’s main focus is an AI-enhanced trading bot that scans the market for trading opportunities based on user-defined criteria.
Once it identifies favorable opportunities, the bot executes trades automatically through a seamless and user-friendly interface.
WienerAI also addresses the challenges of buying crypto on-chain, making it a significant development in the DeFi domain.
In addition to investor support, industry experts have praised the new crypto presale.
The Crypto News YouTube channel, in a recent video, highlighted the project’s potential for a 100x return.
The current presale price for WienerAI is $0.00072, but it will increase throughout the campaign, with the next uptick expected in a day.
For more information and to participate in the WienerAI presale, visit their website.
AI Cryptocurrencies Soar with FET and AGIX Seeing Over 20 Increase WienerAI Presale Raises 6M