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The Ocean Protocol price jumped 18% in the past 24 hours to trade for $1.4416 as of 7:00 a.m. EST time.
This came as markets processed news of a planned merger within the AI space among the three leading sector tokens, Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN).
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Last night, over 45k listeners tuned in to our CMC Live event featuring AI blockchain leaders SingularityNET, https://t.co/7kK9AEuHhn and Ocean Protocol.
CMC Live has become home for crypto’s biggest announcements and live… pic.twitter.com/8EluHR2PYM
— CoinMarketCap (@CoinMarketCap) March 28, 2024
In a report on Wednesday, three networks entered a proposed merger to combine their individual tokens, FET, AGIX, and OCEAN, into a single one, ASI. ASI is short for Artificial Superintelligence coin. The merger would have a fully diluted value worth $7.5 billion, enabling it to challenge AI sector leader NEAR Protocol, which currently has a market cap of $7.6 billion.
We are excited to announce a multi-billion token merger with @Fetch_ai and @oceanprotocol to create the Artificial Superintelligence Alliance, the largest open-sourced, decentralized network, and accelerate the race to AGI. Learn more: https://t.co/zT8Q1HbkEv pic.twitter.com/2U3VbeFfW5
— SingularityNET (@SingularityNET) March 27, 2024
The announcement saw AGIX, OCEAN, and FET explode with double-digit gains as the popularity of AI crypto coins continues to become evident. Around the news, the collective market capitalization of the sector approached $43 billion.
Every user who held FET, AGIX, or OCEAN tokens before the Alliance Snapshot are eligible to claim ASI from the Alliance Treasury Pool.
https://twitter.com/_a301/status/1773023389441052676
Based on the report, the merger idea was conceived by three key figures in the decentralized AI arena.
Dr. Ben Goertzel, known as the “Father of AGI,” set up SNET as a blockchain framework and marketplace for AI services. Fetch.ai is the brainchild of Deep Mind’s initial investor, Humayun Sheikh, designed to operate as a decentralized platform for the development and monetization of AI applications. The third figure is Trent McConaghy a key person on the Ocean Protocol, as he created a data exchange platform to enable trading of tokenized data assets, powered by AI.
Merger Could Help AI Crypto Coins Achieve Global Competitiveness, OCEAN CEO
According to Ocean Protocol’s CEO and co-founder, Bruce Pon, the merger could help achieve a fully integrated suite of decentralized technologies capable of global competitiveness, with ASI’s fully diluted market capitalization going as high as around $7.5 billion.
Ocean Protocol Price Prediction
The Ocean Protocol price is confronting resistance due to a weekly supply zone that extends from $1.4301 to $1.7196. With technicals inclining towards the continuation of the rally, OCEAN price must record a candlestick close above the mean threshold of $1.5663 to confirm the continuation of the trend.
The Relative Strength Index (RSI) is climbing go signify rising momentum. This is reinforced by the sustained green histograms of both the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD). They show a growing bullish sentiment.
If the bulls are able to haul the Ocean Protocol price past the supply zone, the AI crypto coin could reclaim the April 2021 peak around $1.9410.
TradingView: OCEAN/USDT 1-week chart
However, if seller momentum increases, the Ocean protocol, price could retrace the 50% Fibonacci placeholder at $1.0299. A candlestick close below this level on the weekly timeframe would invalidate the bullish thesis. This could see OCEAN price extend the fall to the 38.2% Fibonacci retracement at $0.8149, or in a dire case, roll over to the 23.6% Fibonacci retracement at $0.5488 before the bulls can have another buying opportunity.
Meanwhile, investors are flocking to 5SCAPE, a new VR/AR presale, for potentially explosive gains. It is the ticker for the 5thScape ecosystem, advertised as the world’s first AR & VR ecosystem connecting the smartest minds together.
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5th Scape says it is the gateway to the next big thing of the decade, unlocking the limitless potential of the virtual realm.
VR is the future. Learn how the University of National Horizons Centre is Leveraging VR & MR.#VR pic.twitter.com/PKBVqVYUwf
— 5th Scape (@5th_scape) March 20, 2024
Token holders enjoy a hyper-realistic game world of virtual reality, diving into a diverse array of gaming experiences. The wealth of offering ranges from adrenaline-pumping battles to precision archery, high-speed racing, and immersive sports.
5thScape, the cutting-edge crypto project poised to revolutionize augmented and virtual reality, offers investors an opportunity to dive into the future of immersive gaming.
With plans for innovative VR hardware and a diverse range of games, including Cage Conquest and Epic… pic.twitter.com/FaIicOGq3w
— 5th Scape (@5th_scape) March 23, 2024
The 5th Scape VR ecosystem allows the Web3 sector to step into tomorrow by unleashing the next wave of gaming innovation in the VR sector.
The platform is committed to becoming the architect of alternative realities by creating an integrated system complete with hardware and software. Experts say it has the potential 100X on launch.
The 5th Scape VR ecosystem also has a developer center to give builders access to the right resources to bring their worlds to life and unleash a new wave of gaming innovation. You can become an early adopter in this budding ecosystem with the presale still active.
Leaving limits behind! 🚀 We have hit another milestone and has entered the 3rd round of our presale.
So join us on this incredible journey into the future of AR/VR gaming.
#5thScape #Presale #AR #VR pic.twitter.com/ZOkwg8s34E— 5th Scape (@5th_scape) March 26, 2024
So far, presale sales have reached upwards of $2.8 million out of a target objective of $3.75 million.
Investors looking to buy 5SCAPE, the ticker for the 5th Scape ecosystem, can do so for $0.00248. With the launch price set at $0.01, that means you can buy now and lock in profits of 303% before listing.
Also Read:
- How To Buy 5th Scape – 5SCAPE Token Presale Review
- 5th Scape Unlocks Unmatched VR Adventures With Token Presale – Why Investors Shouldn’t Miss the Opportunity
- 5th Scape Brings A Hyper-Realistic World of Virtual Reality to Web3
- If You Believe In The Future Of AR/VR, 5th Scape (5SCAPE) Is The Best Project To Invest In
- The VR Industry Is All Set To Receive A Massive Boost Thanks to 5th Scape (5SCAPE)
- Where to Buy Presale Crypto: Unlock Exclusive Early Investments Now!
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