The crypto AI narrative is turning heads once again, with SingulatirtyNET and Fetch.ai leading the way, up 9.6% and 2.6% today.
Excitement is also spreading into emerging AI cryptos eTukTuk, with the new ICO project recently crossing the $2.5 million total raise mark.
AGIX and FET Run Amid Merger and Calls for 5x Sector Growth
SingularityNET has soared 9.6% today, 25.1% this week, and 107% this month.
Meanwhile, Fetch.ai is up 2.6% today, 22.5% this week, and 194% this month.
The recent upticks reflect an outperformance against the broader crypto market, with its total market cap up just 1.72% today.
However, the reason behind this move is somewhat unusual. It was recently announced that AGIX, FET, and OCEAN will merge into one token with the ticker $ASI.
As per data from Crypto Sasha, the move has received a 91.2% positive sentiment, with the merger expected to create a $7.5 billion FDV.
The analyst tells readers, “Expect these coins to experience significant upward momentum leading up to the merger and $ASI to continue to perform strongly post-merger.”
However, Wave Jumper is less optimistic, using the merger as confirmation that “there’s no utility in their tokens” and that it “looks like a gimmick.”
The tweet has received notable support, with over 130 likes and 20K views so far.
Nevertheless, the broader crypto AI sector is showing massive potential.
Earlier today, Alex Becker highlighted that Dogecoin’s market cap peaked at $90 billion in the last market cycle, presenting massive potential for AI cryptos in the upcoming rally.
When discussing AI and gaming cryptos, he said, “It’s borderline reasonable to expect our two most prominent use cases to be at least 5x bigger than a single meme coin. UP.”
Currently, the total AI crypto market cap is just $42 billion. Assuming that the analyst anticipates the 5x growth to be split 50/50 between AI and gaming, this leaves room for a 5x total market cap increase for the crypto AI sector this cycle.
In an earlier post, Alex said, “AI coins saw 20-50% pumps on just the HINT of Bitcoin repassing $70K. They are clearly ready to run HARD.”
He then speculated that these AI coins could see parabolic gains once Bitcoin reaches between $80K – $100K.
Should this occur, the new merger token ASI could benefit significantly, given it would be one of the market’s leading blue chips based on its FDV.
However, the new liquidity would also ignite a parabola for smaller AI projects, enabling some to outpace the market.
One of the most promising contenders is eTukTuk, a revolutionary electric vehicle DePIN project with AI integration. It is currently undergoing a presale, enabling investors to get in from the ground up.
New AI Coin eTukTuk Raises $2.5M and Offers 103% Staking APY
Ushering in a new paradigm of transport, eTukTuk stands as a vanguard in the DePIN and AI crypto sectors.
The project will strategically place zero-emission electric tuk-tuks in developing nations worldwide, starting with Sri Lanka. It has already partnered with the nation’s largest privately held company, Capital Maharaja Group, attesting to its relentless efforts for progress.
Benefits like reducing CO2, minimizing carbon-related health issues, and eradicating financial disparity are just part of the eTukTuk’s allure.
The project’s integration of AI for route optimization and predictive maintenance on its physical infrastructure renders it a pioneer in the DePIN sector, stoking immense interest from analysts.
“All of this is very useful long-term. Many countries are going to require companies to only produce electric vehicles,” said Michael Wrubel to his 311K YouTube subscribers in a recent eTukTuk analysis.
Meanwhile, Jacob Bury dubbed it the “next 10x potential green crypto.”
Indeed, this hints at a bright future. However, those who get in today will benefit the most, with a 103% staking APY and discounted presale price of $0.029 at play.
The staking APY will decrease as the staking pool grows, and the presale price will rise throughout the campaign. In other words, those who buy eTukTuk today will be rewarded the most.
