u.today
Amid massive technology release announcements and community breakthroughs, the popular AI token $FET becomes the top performer in the mid-cap altcoins segment. Meanwhile, AI cryptos are yet again outperforming all competing categories.
AI crypto $FET is 55% up in seven days: Possible reasons
In the last seven days, the price of $FET, the core native cryptocurrency of the AI-powered dApps platform Fetch.AI, added almost 55%. By press time, it rallied from $0.22 to $0.35 on major spot exchanges. The $FET cryptocurrency is on the verge of entering the top 100 tokens by market cap and top five biggest AI cryptos.
$FET price jumps by 55% in seven days">In the last days, Fetch.AI ($FET) released DeltaV, a search-based AI chat interface that enables natural language conversations to independently manage tasks for users. DeltaV relies on numerous Fetch.AI ($FET) developments, including the likes of AI Engine, AI Agents and the Agentverse platform.
The early access subscription campaign witnessed participation of AI enthusiasts from all over the globe.
Then, the Fetch.AI ($FET) team organized a HackAI hackathon together with Techfest, Asia's largest science and technology festival hosted by Indian Institute of Technology Bombay.
As covered by U.Today previously, the rally of the $FET cryptocurrency was accompanied by a massive inflow of liquidity. The trading volume spike allowed the $FET price to secure crucial technical analysis levels.
AI cryptos segment surpasses $6 billion in market cap
Last but not least, the Fetch.AI ($FET) team moved all its cryptocurrency operations to Dubai, UAE, one of the most influential crypto hubs globally.
Other largest AI cryptos also perform well: AGIX by SingularityNET added 31.54%, while Injective (INJ) witnessed a 48.06% rally. As per CoinMarketCap's data, the aggregated capitalization of the segment added 4% in 24 hours and surpassed $6 billion.
In the last 24 hours, the rest of cryptocurrency markets lost 0.2% of capitalization.