Neo And Alliance for Artificial Superintelligence grabbed attention on Monday, emerging as the best-performing cryptocurrency on the market.
What happened: NEO, also called “Chinese Ethereum ETH/USD“, climbed more than 14% to become the biggest gainer in the last 24 hours. The cryptocurrency’s trading volume more than tripled to $65.04 million, indicating the buying frenzy.
For those curious, NEO is the native token of the blockchain-based platform, founded by Chinese entrepreneurs Da Hongfei And Erik Zhang. Because the project integrates smart contracts to digitize real-world assets, it is sometimes referred to as “China’s Ethereum.”
| Cryptocurrency | Gains +/- | Price (recorded at 10:40 p.m. EDT) |
| Neo NEO/USD | +14.33% | $10.55 |
| Alliance for Artificial Superintelligence FET/USD exchange rate | +11.77% | $0.9056 |
Additionally, AI-powered collaborative token FET surged by over 11% to come in second on the list of biggest gainers. The cryptocurrency saw a 124% increase in trading volumes in the last 24 hours.
The Universal Token is the result of a strategic merger between three AI coins, namely, Recover.ai FET/USD exchange rate, SingularityNET AGIX/USD exchange rateAnd Oceans Protocol OCEAN/USD.
It was not immediately clear whether the 4.35% rise in the AI giant’s shares Nvidia Corp. NVDA acted as a trigger.
See also: Bitcoin Looks Bearish While Stocks Are At All-Time Highs: What’s Going On?
Why it matters: The sharp rise in the aforementioned coins came amid a broader market rally that saw market heavyweights like Bitcoin Bitcoin/USD And Ethereum ETH/USD achieve considerable gains.
Additionally, an X post from Tesla CEO Elon Musk sent his “favorite” cryptocurrency, Dogecoin DOGE/USD Pricea few notches higher.
Photo by CMP_NZ on Shutterstock
Read more:
News and market data powered by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
