Top Performers in Crypto Market: Chinese Ethereum and ‘Super’ AI Token See Double-Digit Gains
Neo and Artificial Superintelligence Alliance took the spotlight on Monday, standing out as the top-performing cryptocurrencies in the market. NEO, often referred to as the “Chinese Ethereum,” surged over 14% within the last 24 hours, making it the highest gainer. The cryptocurrency’s trading volume spiked to $65.04 million, showcasing a surge in buying activity.
For those unfamiliar, NEO serves as the native token for a blockchain platform established by Chinese innovators Da Hongfei and Erik Zhang. This project leverages smart contracts to tokenize real-world assets, earning it the nickname “Ethereum of China.”
The two standout cryptocurrencies in terms of gains were Neo and Artificial Superintelligence Alliance. Neo experienced a gain of 14.33%, reaching a price of $10.55, while Artificial Superintelligence Alliance saw an 11.77% increase, reaching $0.9056 by 10:40 p.m. EDT.
Furthermore, the AI-based collaborative token known as FET surged over 11%, securing the second spot among the top gainers. FET witnessed a significant 124% surge in trading volumes over the past 24 hours. This universal token emerged from the strategic amalgamation of three AI coins: Fetch.ai, SingularityNET, and Ocean Protocol.
The surge in shares of AI giant Nvidia Corp. by 4.35% may have played a role in these developments, although the direct impact remains unclear.
The recent spike in these cryptocurrencies coincided with a broader market rally that saw major players like Bitcoin and Ethereum achieve substantial gains. Additionally, a post by Tesla CEO Elon Musk on social media boosted the value of his favored cryptocurrency, Dogecoin.
In conclusion, Neo and Artificial Superintelligence Alliance demonstrated remarkable performance in the cryptocurrency market, with significant gains and increased trading volumes. These developments occurred amidst a broader market rally that saw various cryptocurrencies, including Bitcoin and Ethereum, experiencing notable upticks. The influence of key industry figures like Elon Musk further contributed to the dynamic shifts in cryptocurrency values.
