ASI gained momentum on Sunday after positive remarks from US Vice President Kamala Harris on AI and digital assets.
ASI sought to integrate CUDOS as a new alliance member in a merger that would expand the FET token’s utility., came off the weekend trading higher, buoyed by remarks on Artificial Intelligence and cryptocurrencies by U.S. Vice President Kamala Harris.Harris’s comments on the matter, her first in public, signaled a pro-innovative stance, spurring mild enthusiasm in the niche crypto market.
Fetch.ai, Ocean Protocol, and SingularityNET merged in March to form the Artificial Superintelligence Alliance, resulting in the new ASI token.As part of the arrangement, the CUDOS network will provide critical decentralized cloud computing resources, helping the alliance manage its large-scale AI workloads cost-effectively.
In addition to reducing AI development costs without comprising high computational standards, CUDOS’ integration will add to the utility of the ASI token. The merger will follow an adjusted conversion rate of 119 CUDOS: 1 FET after factoring in a 5% merge fee.Thus far, 95.26% of community members have voted in favor, while 4.74% have opposed the move.
The FET/USDT pair is trading above key moving averages, including the 50-day and 100-day SMAs as well as the 50, 100, and 200-day EMAs on the daily chart, indicating bullish sentiment.Support levels currently appear at $1.235, a psychological price zone providing a floor for the token if the rally stalls.CoinMarketCap data shows that TAO is on the verge of overtaking ASI, positioning itself as a top contender in the AI token market.
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