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AI coins are back in the spotlight as three major players in the sector are undergoing a landmark merger.
The three-way merger between SingularityNET (AGIX), Ocean Protocol (OCEAN) and Fetch.ai (FET) will start today on June 11th and conclude on June 13th.
As part of this agreement, the native tokens of the three firms will become one – under the umbrella of Fetch.ai – and will be renamed ASI, which stands for Artificial Superintelligence Alliance.
Experts believe that the merger could spark a broader AI coins rally. New tokens such as WienerAI – an AI-powered meme coin – are also facing substantial demand, having already raised over $5.3 million in its ICO.
ASI Merger Brings Spotlight To AI Coins
The crypto bull market so far has been dominated by meme coins. However, experts and retailers are not dismissing the upside potential of AI coins.
For instance, a poll conducted by market intelligence platform Messari identified AI to be the biggest crypto trend of 2024, beating meme coins, RWA and DePIN.
The ASI merger now has the potential to reignite interest in the sector, facilitating capital rotation from meme coins to AI cryptocurrencies.
According to the project’s website, the Artificial Superintelligence Alliance is set to create the largest open-source, decentralized player in the field of AI research and development. It is a response to the Big Tech’s monopoly over AI development and monetization.
The existing FET, AGIX and OCEAN tokens will eventually be burned in exchange for ASI. The FET tokens will converted to ASI at a 1:1 ratio. On the other hand, the ASI to OCEAN and ASI to AGIX ratios are set at 1:0.433226 and 1:0.433350, respectively.
SingularityNET, Fetch.ai and Ocean Protocol have been three of the top-performing AI coins during this bull run. FET, in particular, has rallied by over 800% over the past year, while AGIX and OCEAN are up by over 250% in the same period.
The newly created ASI token is expected to capture the cumulative demand of the three individual cryptocurrencies.
AI Coins That Could Explode Next
The new ASI token will unsurprisingly be in high demand, now that three erstwhile major players have joined forces.
Investors are also eyeing the Worldcoin ($WLD) token as one that could explode next. During yesterday’s WWDC event, Apple announced a major partnership with OpenAI to roll out artificial intelligence systems in Mac and iOS devices. Notably, OpenAI’s CEO Sam Altman is the founder of OpenAI as well.
WLD is currently seeing selling pressure and is down over 6% in the daily time frame, largely due to the pre-FOMC derisking in the broader cryptocurrency market. However, if the upcoming CPI data and the Fed’s interest rate decision match the market’s expectations, WLD could display a significant bounce back.
However, smart money traders are also eyeing new AI coins such as WienerAI as viable alternatives.
Is WienerAI The Best Crypto To Buy Now?
The new AI-powered meme coin WienerAI ($WAI) is in high demand, having already raised over $5 million in its ongoing ICO.
With WAI in its presale, it remains unaffected by the short-term volatility in the broader market. On the other hand, experts believe that it could deliver outsized returns after its launch, especially once the top AI coins start to surge.
A few smart-money traders are also hinting at the possibility of WienerAI offering 100x returns.
WAI sits at the confluence of two of the most in-demand sectors, AI coins and meme tokens. Its memable mascot – a part sausage, part dog hybrid – has already caught the attention of meme coin enthusiasts.
More importantly, the project is set to launch its own cutting-edge AI trading bot, portraying it as a canine companion for traders. The bot is set to offer seamless swaps, MEV protection and AI-enhanced predictive trading, all at zero additional fees.
Furthermore, WienerAI has also launched its own staking protocol, which is currently offering an APY of over 200%.
Interested buyers can head to the WienerAI presale and buy the meme coin using the over-the-counter widget. They are also advised to follow the project’s X and Telegram accounts for the latest updates.
*Cryptonomist did not write the article or test the platform.
, Ocean Protocol (OCEAN) and Fetch.ai (FET) will start today on June 11th and conclude on June 13th.){kind=link}