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FET, AGIX, OCEAN Up 7% as ASI Token Merger Launches

TokenTalk Staff

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ASI Alliance’s Token Merger Sparks 7% Surge in FET, AGIX, OCEAN Prices

The Artificial Superintelligence (ASI) Alliance has announced the start of Phase 1 of its token merger involving Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN).

This merger process will ultimately unify these tokens under the ASI brand.

Market Confidence Rises as ASI Alliance Launches Token Merger

Phase 1 of the ASI token merger focuses on the migration of OCEAN and AGIX tokens to FET. This initial phase involves closing deposits and withdrawals for AGIX and OCEAN to prepare for the migration. At the same time, the project branding has been switched to the Artificial Superintelligence Alliance on major platforms.

In the meantime, FET deposits, withdrawals, and trading will continue uninterrupted. The migration platform for this process has been launched on the decentralized application (dApp) SingularityDAO.

To know more: How to invest in AI-powered cryptocurrencies?

The Fetch.ai team emphasized that this step is aimed at ensuring a smooth transition and onboarding of exchanges and data aggregators. They assured token holders that there is no need to rush, as the process will be meticulously managed to avoid disruptions.

“The focus of Phase 1 is on integrating exchanges and data aggregators, as well as ensuring a smooth transition as the rebrand begins,” the team said. declared.

This rebranding also involves Delisting of AGIX and OCEAN from exchangesHowever, Fetch.ai markets remain open under the ticker FET.

This development occurred after ASI Alliance postponed token merger in mid-June. This careful planning allowed for comprehensive preparation, addressing all technical and logistical concerns to ensure a smooth transition for token holders.

After the start of phase 1 of the merger, FET pricesAGIX and OCEAN are up about 7%. At the time of writing, FET is trading at $1.46, AGIX at $0.6138 and OCEAN at $0.6105.

FET price/performance ratio.FET Price Performance. Source: Being in Cryptocurrency

What are the next steps for Phase 2 of the token migration?

Phase 2 of the merger is scheduled to follow the initial migration. It will focus on community onboarding and the distribution of ASI tokens across multiple chains.

This phase prioritizes self-custodial holders and will introduce new migration contracts as Fetch.ai upgrades to ASI. Additionally, the ASI Alliance has ensured that migration contracts will remain open for years, allowing token holders plenty of time to transfer their assets.

The final step of the merger involves the transition from the FET ticker token to ASI. This step will see new migration contracts for any remaining AGIX and OCEAN Tokens and the automatic conversion of FET Mainnet tokens to ASI during the Fetch.ai mainnet upgrade. The conversion rates for this final transition are 1 FET to 1 ASI, 1 AGIX to 0.433350 ASI, and 1 OCEAN to 0.433226 ASI.

ASI token fusion stages.ASI Token Merger Phases. Source: Alliance X/ASI

For those who have funds on centralized exchanges like Binance, OCEAN and AGIX Tokens will automatically convert to FET at the appropriate ratios. In the meantime, self-custodial holders on the Ethereum mainnet should follow the detailed guides and tutorials provided by the ASI Alliance to facilitate a smooth transition.

To know more: How will artificial intelligence (AI) transform cryptocurrencies?

To manually convert tokens, holders must connect their existing wallets to the official conversion portal on the SingularityDAO dApp and follow the on-screen instructions. The ASI Alliance has ensured compatibility with major software and hardware wallets, simplifying the process for users.

Disclaimer

In compliance with the Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on this content. Please note that our Terms and conditions, Privacy PolicyAND Disclaimers They have been updated.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Donald Trump-Related Crypto Tokens Surge as Former President Survives Assassination Attempt

TokenTalk Staff

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Donald Trump-Related Crypto Tokens Surge as Former President Survives Assassination Attempt

In short

Several cryptocurrency tokens associated with the former US president who was shot earlier today have soared in value as he survived the assassination attempt.

According to more recent sources, the man has reportedly been released from a local hospital and is returning to New Jersey.

The cryptocurrency industry has its controversial moments, and the constant creation of tokens tied to global events is one of them.

The ongoing battle for absolute power in the United States between Republican candidate and former President Donald Trump and the current 46th President, Joe Biden, has allowed developers to create several tokens related to both, whose value is often influenced by the events surrounding them.

Crypto-potato reported before the notable price fluctuations of the largest-cap cryptocurrencies that followed the shooting, which led to impressive gains for BTC, SOL, and others.

However, Trump-related tokens have seen even more significant increases. This is perhaps due to the failed assassination attempt and Trump’s reaction immediately afterward, when he stood up and raised his hands in a rather spectacular manner.

As a result, MAGA (TRUMP) skyrocketed over 30% after the news broke. Despite a slight retracement since then, the token is still up 26%, its market cap has risen to $370 million, and it is currently the 167th largest crypto asset.

Another coin, (Donald Trump – TRUMP2024), created primarily for the ongoing presidential battle, has surged 40% in the same time frame. DONALD TRUMP (DONALD) is another example of developers trying to capitalize on the current craze. So far, it seems to be working, as it has surged 35% on the day.

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Top 3 Undervalued Tokens Growing 10x This Year!

TokenTalk Staff

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Top 3 Undervalued Tokens Growing 10x This Year!

The cryptocurrency market has shown increased price volatility this week, highlighting increased buying and selling pressure in the cryptocurrency space. Additionally, major tokens have successfully retested their important support levels, indicating a potential bullish price action in the near future.

On the other hand, mid-cap and small-cap altcoins have seen the highest gains, indicating growing investor interest in these crypto tokens. Are you considering investing in undervalued small-cap altcoins for the next bull rally?

Read on because in this article we have covered the top 3 altcoins that are currently trading at significant discounts to their all-time highs, but have solid long-term fundamentals.

Serial Number (MDX):

Built on the HECO chain and launched in January 2021, the Mdex project is an Automated Market Making (AMM) exchange protocol. It is decentralized and works on the concept of pooled funds. Specifically, it uses a dual chain and can also operate on the Ethereum network.

TradingView: MDX/USDT

Notably, MDX price has increased by 129.91% in a day and 132.05% in the past week. This highlights a growing bullish sentiment for the altcoin. Furthermore, with a market cap of $75.215 million, it has secured the 410th position.

The technical indicators SMA and RSI have seen a sharp increase, indicating increased buying-selling pressure in the cryptocurrency sector.

Furthermore, Mdex price is currently discounted by over 99% from the previous all-time high of $10.06 and with strong fundamentals, this altcoin could see a price surge in the near future.

Renzo (REZ):

Renzo is a Liquid Staking token and strategy manager on EigenLayer and is based on the Ethereum chain. Offering a higher yield than ETH staking, it is the interface to the EigenLayer ecosystem and AVS protection.

TradingView: REZ/USDT

With a trading price of $0.0658, a circulating supply of 1.15 billion, and a total supply of 10 billion, Renzo price has secured the 409th position with a market cap of $76,430 million.

The SMA indicator is showing a bullish convergence in the 1D time frame, indicating a strong bullish outlook in the cryptocurrency market. The MACD has been steadily rising in the green histogram with its averages showing a positive crossover. This indicates a positive outlook for the REZ price.

Horizon (ZEN):

A zero-knowledge network-enabled blockchain powered by the largest node infrastructure in the industry, the Horizen project is truly unique. Its interoperability is enabled by the Zendoo protocol. Horizon’s native token “ZEN” is a mineable PoW coin and is listed on all major exchanges.

TradingView: ZEN/USDT

ZEN price continues to trade under bullish price action adding 14.91% to its portfolio in the last day and 23.15% in the last week. Furthermore, it is up 53.62% in the last 30 days and has recorded a Year-to-Date (YTD) return of 31.52%.

With a trading price of $11.35, a circulating supply of 15,204,481 tokens, and a maximum supply of 21 million tokens, it has successfully secured the 237th position in the global cryptocurrency ranking with a market capitalization of $179.56 million.

If the market continues to trade with a bullish sentiment, Horizen price will prepare to head towards its all-time high (ATH) in the coming months. However, a bearish price action could push ZEN coin price towards its low of $7.85.

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TokenTalk Staff

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NFTs – Decrypt

Italian: https://news.google.com/./articles/CBMiVGh0dHBzOi8vZGVjcnlwdC5jby8yMzk2OTIvYml0Y29pbi1wcmljZS1jbGltYnMtdHJ1bXAtbWVtZS1jb2lucy1zdXJnZS10cnVtcC1hdHRhY2tlZ NIBWmh0dHBzOi8vZGVjcnlwdC5jby8yMzk2OTIvYml0Y29pbi1wcmljZS1jbGltYnMtdHJ1bXAtbWVtZS1jb2lucy1zdXJnZS10cnVtcC1hdHRhY2tlZD9hbXA9MQ?hl=it-IT&gl=IT&ceid=IT%3Ait

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Crypto: Bitcoin ETFs Herald a Less Febrile Token in the Long Term, Traders Say

TokenTalk Staff

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Crypto: Bitcoin ETFs Herald a Less Febrile Token in the Long Term, Traders Say

Bitcoin began the week with a slump that fueled fears of outflows from dedicated U.S. exchange-traded funds. Instead, dip buyers poured money in, a pattern that some say points to a less volatile token in the long run.

A net $737.5 million was added to the 11 ETFs in the four days through Thursday, stabilizing Bitcoin near $58,000 after a dip to $53,602 on July 5, driven by sell-offs of seized tokens and fears of divestments by creditors of the failed Mt. Gox exchange.

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