3 Top AI Cryptos To Consider This Week: Fetch.ai (FET), SingularityNET (AGIX), & Oraichain (ORAI)
The cryptocurrency market experienced a bullish week, with Bitcoin (BTC) gaining nearly 11%. As the market tends to move with BTC’s sentiment, AI-themed cryptocurrencies also showed notable gains. The overall market cap of AI coins increased by 5.6%, reaching $4.11 billion, accompanied by a 24-hour trading spot volume of $447.146 million.
Among the AI cryptos, Fetch.ai (FET), SingularityNET (AGIX), and Oraichain (ORAI) emerged as the top gainers. Here’s a closer look at each of them:
1. Fetch.ai (FET): Fetch.ai recently completed the merging of Ocean Protocol (OCEAN) and SingularityNET (AGIX) tokens into Fetch.ai. This move is associated with the establishment of the Artificial Superintelligence Alliance. Fetch.ai has been rebranded as the Artificial Superintelligence Alliance (ASI), with the ticker FET. As of now, trading and investing will be conducted using the FET ticker until further notice. FET has seen a rise of 9% to $1.32 intraday, with a market cap of $3.327 billion. It experienced a 62% surge this week, breaking out from a falling wedge pattern. The price pierced the 20-day and 50-day EMAs, indicating a bullish trend.
2. SingularityNET (AGIX): AGIX is closely related to FET after their merger and the formation of the Artificial Superintelligence Alliance. AGIX tokens have been delisted from major exchanges as they completed their merger into FET. However, AGIX/WETH is still available on UNISWAP and has followed the recent growth of FET, increasing by nearly 62.9% this week.
3. Oraichain (ORAI): ORAI ranked 412th on Coingecko and has gained 18.5% this week. After a period of decline, it displayed bullishness at an important demand zone. The price action showed a declining wedge pattern, with the lower border of the wedge aligning with the demand zone, boosting bullish confidence. The recent surge has breached the 20-day EMA and is approaching the 50-day and 200-day EMAs, indicating further upward momentum.
Considering their recent performance and market trends, FET, AGIX, and ORAI are three top AI cryptos worth considering this week.