AI Coins Dip: Fetch.ai, Singularity and Ocean Merger Hype Fades – This is the Next AI Coin to Watch

The blistering near 30% rallies posted Thursday by AI coins Ocean Protocol ($OCEAN), SingularityNET ($AGIX), and Fetch.ai ($FET) appear to have largely cooled off today, by Friday afternoon UTC.

News that $AGIX and $OCEAN are merging into the $4 billion market cap token $FET in a Binance-supported deal helped the tokens record intraday gains far greater than any other top 100 cryptocurrencies yesterday.

However, their upside momentum appears to have largely cooled off today. At the time of writing, Fetch.ai is down 3.7% from its price this time yesterday. It now trades at $1.58.

The same can be said of Ocean Protocol and SingularityNet. $OCEAN fell 3.1% overnight to $0.6544, while $AGIX dropped 2.5% to $0.6561, according to CoinCodex .

The biggest AI coin , Near Protocol’s $NEAR token, depreciated a comparable 2.6% and currently changes hands at $5.24.

These losses are in line with crypto market leader Bitcoin ($BTC) . The world’s favorite digital asset fell 3.2% overnight to trade at $63,788.

So, how is Fetch.ai looking ahead of the merger? A glance at the token’s price chart over the last three months suggests $FET failed to sustain highs above $2.50, before spiralling below the $2 support level in early June.

Current data suggests the token may have found support at $1.50, but this is conditional on the token remaining at its current level and/or rallying.

Source: TradingView

Given Bitcoin’s current dip, $FET is unlikely to breakout substantially higher than $1.50 this weekend unless the rest of the market rallies, since the hype-driven buying appears to have cooled off, according to the relative strength index, which sits at 52.

This indicates the profit-taking from yesterday’s run has also cooled off.

AI Coins Get Memeable With WienerAI

AI coins merge blockchain with artificial intelligence to unlock the full potential of Web3, however a new generation of coins like ScottytheAI and WienerAI are bringing AI utility to the viral world of meme coins to unlock some potentially exponential gains.

On the surface, WienerAI looks like another dog-themed meme coin, but it’s much more than that.

It’s a next-generation crypto project that utilizes viral marketing strategies to offer crypto fans a high-value proposition: the most advanced, beginner-friendly AI trading bot in crypto.

The presale has started its third month, and it has already taken a tidy $6.2 million in investments.

Touted as a “Revolutionary AI Trading partner”, WienerAI ($WAI) is a digital companion that gives its owners user-friendly AI-enhanced trading advice, seamless swap functionality and zero fees.

Moreover, Blockchain security platform Coinsult audited WienerAI’s smart contract .

Around 20% of $WAI’s supply is for staking.

WienerAI’s website offers buyers the ability to stake during the presale in order to take advantage of the mouth-watering yield, which is currently 186% APY .

This makes $WAI potentially more of a consumer favorite than coins like Fetch.ai.

The token currently sells at a fixed presale price of $0.00072 on the website. Interested investors have a few hours to buy in before it rises to the next fixed price. When the presale ends, the sky’s the limit on potential appreciation.

Keep on top of WienerAI news over on X and Telegram .

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.