AI tokens FET, AGIX, OCEAN and ARKM rose despite exiting the market.
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Several artificial intelligence (AI)-related crypto assets performed impressively despite Monday's market selloff. These include Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Arkham (ARKM).
According to data from CoinGecko, FET has increased by 20% in the last 24 hours, with a current price of $1.69.
Ocean has shown a positive trend of 15% increase in 24 hours and its current price is $0.68. Meanwhile, AGIX has increased by about 15.5% in the last 24 hours and is currently trading at $0.68.
The recent price increase follows news from the Artificial Superintelligence Alliance, including SingularityNET, Fetch.ai and Ocean Protocol, that the ASI token merger will begin on July 1st. Earlier this month, the union said it would extend the merger to July 15. .
Another major AI token, ARKM, native to the Arkham platform, an AI-driven blockchain analytics platform, has seen a 16 percent increase in the past 24 hours. ARKM is currently trading around $2.
The rise in AI tokens comes amid a market correction on Monday morning as defunct crypto exchange Mt. Gox announced in July that it plans to pay its creditors $9 billion.
In the past, news surrounding Met Gox has triggered a market selloff. For example, last month, the price of Bitcoin experienced a slight decline, after Arkham data showed that a wallet worth more than $9 billion began moving more than 140,000 BTC to a new wallet, a move considered preparatory. Level for creditor payments.
After the latest announcement, the price of Bitcoin dropped below $59,000. As of press release, BTC has recovered above $61,000, but is still down more than 2% in the last 24 hours. The major crypto asset is down about 11% this month.
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