Fetch.ai ($FET), the second largest AI coin in the crypto market with a market cap of $4.15 billion, has experienced a significant rally of around 30% overnight, surpassing the gains of other top 100 cryptocurrencies. As of the time of writing, Fetch.ai’s price has increased by 28.4% compared to its price yesterday.
Despite its impressive overnight price movement, Fetch.ai’s price remains relatively unchanged from last Thursday, hovering around $1.65. However, it has outperformed the leading cryptocurrency Bitcoin ($BTC), which only saw a 1.6% increase in price overnight. Additionally, it has surpassed the biggest AI coin, Near Protocol’s $NEAR token, which rallied by 9.4% and is currently trading at $5.46.
The rally of Fetch.ai can be attributed to the recent announcement of the merger between AI coins Ocean Protocol ($OCEAN) and SingularityNET ($AGIX) with Fetch.ai, which is set to take place on July 15. This news has garnered support from major crypto exchange Binance. As a result, whales are actively buying up all three tokens, with $AGIX seeing a 26% increase overnight and $OCEAN rallying by 24%, according to CoinCodex.
From mid-April to May, Fetch.ai experienced fluctuations between its $2 support level and resistance at $2.50. However, at the beginning of June, the token saw a downward spiral, mirroring Bitcoin’s trajectory.
The recent whale purchase has lifted Fetch.ai above its three-month low of $1.19, but it still has a way to go before reaching the $2 mark. The token’s relative strength index (RSI) briefly reached 80 overnight but has since returned to a healthy range, indicating some profit-taking and consolidation.
Looking ahead, Fetch.ai appears to be relatively stable as it enters the weekend.
Beyond Fetch.AI, the integration of artificial intelligence with meme coins is gaining traction in the crypto world. Coins like ScottytheAI and WienerAI are merging blockchain technology with AI to unlock the full potential of Web3. WienerAI, in particular, stands out as a next-generation crypto project that leverages viral marketing strategies to offer users a high-value proposition: the most advanced and beginner-friendly AI trading bot in the crypto market.
WienerAI, with a presale currently in its third month, has already received $6 million in investments. It is positioned as a “Revolutionary AI Trading partner” that provides users with AI-enhanced trading advice, seamless swap functionality, and zero fees. The project’s smart contract has been audited by blockchain security platform Coinsult, ensuring the security of its operations. Additionally, 20% of WienerAI’s supply is available for staking, offering buyers the opportunity to earn a mouth-watering yield of 189% APY during the presale.
The token is currently being sold at a fixed presale price of $0.00072 on the website, with interested investors having one more day to take advantage of this price before it increases. Once the presale ends, there is potential for significant appreciation in value.
Please note that investing in crypto carries a high level of risk, and this article is for informational purposes only and should not be considered as investment advice.