The dominance of tech giants over AI-powered crypto assets motivates SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN) to create an autonomous AI ecosystem. Another AI-powered presale token, Algotech (ALGT), is making headlines due to its growth potential as the next best thing in the crypto market. Let’s learn more!
Proposal for a Three-Way Merger of Leading AI-Focused Tokens
The momentum surrounding Artificial Intelligence (AI), which garnered traction in late 2023, has continued to intensify throughout 2024. The surge showcases growing investor interest in AI-based cryptocurrencies, such as Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN).
Even with the progress made in AI cryptocurrencies, the influence exerted by large technology corporations is increasingly posing a significant challenge. Top AI crypto tokens Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) have proposed solutions to this dominance.
The three tokens have collaborated to fight tech companies, democratize AI development, and decentralize access. Subsequently, the Artificial Superintelligence Alliance (ASI Alliance) disclosed the conclusive merger particulars, encompassing details regarding token swaps.
The tokens associated with each project will undergo conversion into the new ASI token. The token supply for Fetch.ai (FET) will be rebranded as ASI, with a conversion rate of 1:1. Meanwhile, the conversion rates for SingularityNET (AGIX) and Ocean Protocol (OCEAN) will be 0.433350:1 and 0.433226:1, respectively.
As of May 28, 2024, the proposed token resulted in ASI’s market capitalization reaching $6 billion. However, the price movements of the three AI tokens have mostly stayed the same since the announcements or the merge, but analysts anticipate significant upticks before the end of Q2. The three-way merger involving FET, AGIX, and OCEAN will be finalized on June 13, 2024.
Algotech (ALGT): AI-Powered For Ease of Trading, Enhancing Potential For More Gains
Algotech (ALGT) is an AI-powered presale coin gaining traction in the crypto market alongside top artificial intelligence assets SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN). Besides its AI-powered platform, Algotech (ALGT) is democratizing the industry with its algorithmic trading for novice and seasoned investors.
Furthermore, Algotech (ALGT) utilizes machine learning alongside AI to offer its users accurate real-time market analysis, mitigate trading downturns, and make trading easy for everyone. Additionally, Algotech (ALGT) prioritizes security and privacy for its users by eliminating manual trading through automation.
Through its ERC-20-compliant ALGT token, Algotech users can enjoy several benefits, such as governance and voting rights. They also get a share of the profits generated through dividends and partial ownership of the platform’s software.
The token presale is in the bonus stage at $0.08. The next stage will see the token rise by 25% to reach $0.10, while investors can anticipate a 275% ROI once it reaches its anticipated launch value of $0.15. Moreover, the earliest investors of the ICO can expect a 500% gain after the price hits its launch value.
