Amid massive technology launch announcements and community advancements, popular AI token FET becomes the top performer in the mid-cap altcoin segment. Meanwhile, AI cryptocurrencies are once again outperforming all competing categories.
AI crypto FET surged 55% in seven days: possible reasons
In the last seven days, the price of FET, the main native cryptocurrency of the AI-powered dApps platform Fetch.AI, has increased by almost 55%. At press time, it rose from $0.22 to $0.35 on major spot exchanges. The FET cryptocurrency is about to enter the top 100 tokens by market capitalization and the five largest AI cryptocurrencies.
In recent days, Fetch.AI (FET) launched DeltaV, a search-based AI chat interface that enables natural language conversations to independently manage tasks for users. DeltaV is based on numerous Fetch.AI (FET) developments, including AI Engine, AI Agents, and the Agentverse platform.
The early access subscription campaign saw participation from AI enthusiasts around the world.
The Fetch.AI (FET) team then organized a HackAI hackathon along with Techfest, Asia’s largest science and technology festival organized by the Indian Institute of Technology Bombay.
As U.Today previously reported, the FET cryptocurrency rally was accompanied by a massive influx of liquidity. The increase in trading volume allowed the FET price to secure crucial levels of technical analysis.
AI Cryptocurrency Segment Surpasses $6 Billion in Market Cap
Last but not least, the Fetch.AI (FET) team moved all of its cryptocurrency operations to Dubai, United Arab Emirates, one of the most influential cryptocurrency hubs globally.
Other top AI cryptocurrencies also performed well: SingularityNET’s AGIX added 31.54%, while Injective (INJ) witnessed a 48.06% rally. According to data from CoinMarketCap, the aggregate capitalization of the segment increased by 4% in 24 hours and exceeded $6 billion.
In the last 24 hours, the rest of the cryptocurrency markets lost 0.2% in capitalization.
