Cryptocurrency market analysts name the reasons for the sharp growth of a little-known token based on artificial intelligence

Over the past week, the AI token Fetch. ai (FET) has become one of the leaders in the mid-market altcoins segment. Industry analysts noted that digital tokens that support artificial intelligence technologies are once again outperforming their closest competitors.

FET’s value has increased by about 55% in 7 days. The cryptocurrency is trading at $ 0.358, up 12.3% over the day. The daily trading volume amounted to $ 128.72 million, which is 55.5% higher than yesterday. Crypto experts note that the increase in the value of the digital currency was not due to a banal pump, but was the result of the positive dynamics shown by the crypto industry.

This week, Fetch. AI developers announced the launch of DeltaV. This is an innovative chatbot based on artificial intelligence technology that allows users to communicate in natural language for independent task management. The product is based on AI Engine, AI Agents, and Agentverse platform.

In addition, the Fetch. AI team (FET) launched the HackAI hackathon in cooperation with Techfest, the organizers of Asia’s largest science and technology festival held by the Indian Institute of Technology in Bombay. Thus, the rise in the value of the FET cryptocurrency was the result of a massive influx of liquidity into the market.

The increase in trading volumes allowed FET to rise above important technical resistance levels — the market capitalization of the AI cryptocurrency segment exceeded $ 6 billion.

Amid the global growth of the cryptocurrency market, other AI tokens have also demonstrated a significant increase in rates. Thus, Injective (INJ) rose in price by 50.2% over the week, and the digital token AGIX from SingularityNET added 31.5% over the reporting period.