- AI-focused cryptocurrencies show potential for a comeback amid anticipation of market consolidation.
- NVDA’s strength and ASI token merger contribute to positive sentiment in the AI sector.
- Despite mixed performance, collaborations aim to democratize AI development and foster innovation.
June is shaping up to be an exciting month for AI-focused cryptocurrencies. Experts are cautiously optimistic about a possible comeback for the following digital assets.
CryptoRand analysts point to INJ, RNDR, FET, and OCEAN as attracting renewed attention. This comes as the AI index exhibits signs of stabilizing at a new higher low, suggesting a potential bullish reversal if it consolidates above $10.50.
One factor contributing to this anticipation is the recent strength of Nvidia (NVDA), a leading chipmaker with a prominent role in the AI industry. NVDA’s surge to new all-time highs is often seen as influencing broader sentiment in the AI sector.
Adding to the buzz is the impending merger of tokens associated with Fetch.ai, SingularityNET, and Ocean Protocol (ASI). This collaboration signifies a concerted effort to advance the field of artificial intelligence.
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