Should FET, AGIX and OCEAN Investors Worry About ASI?

A merger of two companies is rare in the crypto industry. Still, it's even rarer to see three companies come together as Fetch.ai ( FET ), Ocean Protocol ( OCEAN ), and SingularityNET ( AGIX ) plan to do so.

It is yet to be determined whether this will be a spectacular or a terrible spectacle.

The Alliance for Artificial Superintelligence (ASI) is about to come to life

Earlier this week, SingularityNET announced that it will merge with Fetch.ai and Ocean Protocol to form the Artificial Superintelligence Alliance (ASI). The merger will bring the three networks into one artificial intelligence (AI) network.

Currently, these three tokens are worth a total of around $3.2 billion. Following the merger, ASI is targeting a market cap of $7.5 billion, placing the token among the top 20 cryptocurrencies in the world.

The merger will begin on June 11 and is expected to be completed by June 13, after which the three symbols will cease to exist. Token holders will have until June 13 to convert their holdings to ASI.

However, considering the current valuation of these three properties at 2x market value, the question arises whether this is possible or just a fantasy.

FET, AGIX, Ocean price forecast: where they are and where they are located

Fetch.ai (FET)

Fetch.ai's price has been rallying for the past couple of months, with every attempt to sell off thus far failing. FET is changing hands at $2.11, moving in the $1.95 and $2.49 range.

The relative strength index (RSI) is in the hidden zone below the neutral line of 50.0. RSI is a momentum oscillator that measures the speed and volatility of price movements. It currently shows bearish results next week, which will keep the FET firmer.

Read More: How Artificial Intelligence (AI) Will Change Crypto?

SingularityNET (AGIX)

AGIX price is doing well on the macro time frame. The altcoin has seen steady growth over the past two months, bringing its trading price to $0.89. AGIX is currently sitting at critical resistance at $1.00.

If this barrier is breached, the crypto asset will have a shot to move higher towards a rally above $1.07.

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However, this may take some time, and the expected integration date, June 11, is less than a week away.

Ocean Protocol

OCEAN's price action was also not very impressive. The altcoin is consolidating between $0.84 and $1.02 for a solid eight weeks. OCEAN came close to breaching the upper limit once but failed to sustain the gains, returning to the trading price of $0.89.

The probability of the altcoin diving to test the support floor of $0.84 is much higher than breaking out.

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Therefore, in view of the current market situation and the rise in AI, these three tokens are showing slow growth. The possibility of these properties being combined with levels 60, 80 and 143 and at the highest level to 20 more properties seems a little difficult.