As AI Coin $FET Claims Top Spot, New Dogecoin Rival Reaches Record Highs – Is it Too Late to Invest?
The $FET AI token underpinning the Artificial Superintelligence (ASI) Alliance is up 46% in the last fortnight, beating any other digital asset tied to artificial intelligence among the biggest 100 cryptocurrencies by market capitalization.
In terms of overnight performance, $FET is even outperforming the market leaders. $FET grew 3.7% overnight to its current price of $1.20.
Over the same period, crypto’s trillion-cap market leader Bitcoin ($BTC) grew 1.3% to $58,573, while Ethereum ($ETH) grew 2.6% to $2,519.
In contrast, $FET’s stalwart AI rivals NEAR Protocol ($NEAR) and the Internet Computer ($ICP) remain little changed from their prices 24 hours ago at $3.90 and $7.29, respectively.
$NEAR is only up 2% in the last fortnight after shedding 18% in a week, while $ICP is down 10% over last week and up 5% over the last fortnight.
The ASI Alliance began as a token merger between three big AI crypto projects: Fetch.ai ($FET), SingularityNET ($AGIX), and Ocean Protocol ($OCEAN), the aim being to pool their resources to accelerate the development of decentralized artificial general intelligence (AGI).
AGI is essentially an AI that knows how to learn. Once AI has mastered this general concept, theorists suggest we will be a short step away from achieving artificial superintelligence (ASI), with machines that are vastly smarter than humans.
The ASI Alliance promotes decentralized development and open-source solutions to ensure AI development proceeds safely, ethically and transparently, while democratizing access to AI resources for everyone.
The Alliance’s flagship token $FET spiralled down to a recent low of $0.80 on August 5th, where it held the fort before launching an impressive rebound in late august up to brief highs of
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