The cryptocurrency market has witnessed significant fluctuations in recent days, as the price of Bitcoin fell to approximately $64,000 before stabilizing slightly above this level of $65,000.
As is usual in such cases, many altcoins were also affected, following a similar path, but it is noteworthy that some of them managed to outperform Bitcoin, especially in recent days.
Among these prominent digital currencies, the Fetch.AI (FET) digital currency stands out with huge gains over the past 24 hours.
Remarkable performance of Fetch.AI (FET) coin in the AI sector:
Fetch.AI is considered one of the most prominent cryptocurrencies related to artificial intelligence, and one of the leading cryptocurrencies in this field.
The Fetch.AI protocol aims to enable users to exploit resources and tools to build and develop applications and services powered by artificial intelligence. These services rely on what are known as independent economic agents who contribute to enhancing the efficiency of these applications.
At the time of writing this article, the Fetch.AI (FET) cryptocurrency is trading at $1.73, after a rise of around 35% over the past hours. It is important to note that the significant increase in FET price was not surprising or caused by a single unexpected catalyst.
On the contrary, this increase reflects broader growth within the AI-related digital currency market.
According to CoinGecko, this category of cryptocurrencies has risen by more than 12% on average in the past 24 hours.
One of the main reasons for the rise in the price of Fetch.AI is the recent announcement of the updated timeline for the integration of digital tokens of the Super AI Alliance.
As part of this initiative, Fetch.AI (FET), Ocean Protocol and SingularityNET will see their tokens merged.
Binance, one of the largest cryptocurrency trading platforms, has expressed its support for the integration of these digital tokens.
It is worth noting that Ocean Protocol (OCEAN) and Singularity NET (AGIX) currencies also achieved gains of up to 25% over the past day, which reinforces the general trend of growth of the artificial intelligence sector in the cryptocurrency market.
