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ASI Coin announced the merger of three major AI altcoins a long time ago. Now it’s time to act. As Bitcoin and altcoins rise, FET, AGIX, and OCEAN are preparing for this big move. We shared details about the timeline and mentioned that we might see price fluctuations in June.
Artificial Superintelligence Alliance (ASI)
Three networks will merge into a single crypto network. These three cryptocurrencies find their place in investors‘ portfolios under AI-focused tokens. With ASI, we will see something similar to an ETF where the three become one. The alliance formed by the Artificial Superintelligence Alliance will undoubtedly have significant effects on prices.
The current total market value of the three tokens is roughly around 3.2 billion dollars. After the merger, the ASI team aims to quickly rise among the top 20 cryptocurrencies with a market value exceeding 7 billion dollars. The merger will start on June 11 and be completed on June 13. So, what levels are possible for the three altcoins until this date?
Fetch (FET)
The FET Coin price that has been consolidating for two months has already seen significant increases. Considering its price in November 2022 and the current range, substantial gains have been made. The price fluctuating between $1.95 and $2.49 tells us where to look for a speculative breakout. For now, the direction is unclear, and the RSI is at a neutral level. As June 11 approaches, we might see a more decisive move towards $2.49 or $1.95.
SingularityNET (AGIX) and OCEAN
We have seen a consistent rise in the last two months. Although the price tested the $1 threshold, it couldn’t break the key resistance. When the $1.07 resistance is broken, the rally may accelerate, but now it is at $0.89. The key thing to note here is that FET investors will receive 1 ASI Token for each FET Coin, while AGIX investors will receive roughly 0.43 ASI Tokens. Therefore, the AGIX price should be balanced at 43% of the FET Coin price on June 11.
Considering the $2.09 price of FET Coin, $0.89 appears as a fair value. Investors can gain by observing the balance disruptions on the AGIX and OCEAN fronts. Although investors set this balance today, they can chase advantageous positions arising from the divergence in FET Coin or the other two altcoins.
Ocean’s price should also hover around $0.89 since 1 token will be given for every 0.43 tokens. However, at the time of writing, it is finding buyers at $0.8959. Those who believe in the future of ASI Coin may continue to chase this balance with the motivation to increase the number of ASI Coin tokens they hold.
