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Artificial intelligence is taking over the crypto market.
Leading AI tokens like Render and SingularityNET are surging this week as investors double down on their transformative potential.
Meanwhile, a quirky newcomer called WienerAI is also drawing attention – and has already secured over $6 million in its presale round.
Render & SingularityNET Surge as AI Crypto Bull Run Reignites
The AI crypto bull run is back on – and blue chips like Render and SingularityNET are leading the way.
After a few rocky days earlier in the week, Render (RNDR) has bounced back.
The RNDR token ripped over 15% higher in the past 24 hours, pushing it back above $7.90.
That rally erased Monday and Tuesday’s losses after the token found support around $6.90.
But Render isn’t the only AI crypto showing signs of life.
SingularityNET (AGIX) has also been rising, spiking 22% to $0.57 in the past day.
This rally came after AGIX tapped support at $0.47 – an area that seemed to be filled with buy orders.
Ultimately, as the dust settles, the total AI crypto market cap is now back above $16.4 billion.
Over $1.5 billion in spot volume has also occurred in the past 24 hours.
Whether this bullishness turns into a larger uptrend remains to be seen.
But one thing’s for sure – the AI crypto craze is far from over.
Positive Catalysts Combine to Fuel Investor Demand for AI Cryptos
So, what’s driving the appetite for AI crypto plays?
Several positive catalysts are converging all at once.
First are the eye-catching achievements of leading AI companies like Nvidia.
Nvidia’s stock has been exploding – and when big companies like this start setting records, it shines a spotlight on the AI sector.
Although RNDR and AGIX are unrelated to Nvidia, the enthusiasm is spilling over to the crypto market.
But there are some crypto-specific factors at play, too.
For instance, the ambitious plot by startup CoreWeave to take over mining firm Core Scientific through a bold power-sharing deal.
Core Scientific rejected the proposal, but the move has turned heads.
Also, Fetch.ai, Ocean Protocol, and SingularityNET plan to create a new “Artificial Superintelligence Alliance” with a potential $6 billion market cap.
Moves like that signal the AI crypto space is heating up.
With so much activity and capital moving around, it’s no wonder most tokens are being bid up this week.
New Meme Coin WienerAI Combines Humor & AI Tech to Raise $6M in Presale
Amidst this AI crypto craze, a fresh face is looking to capitalize – the quirky meme token WienerAI (WAI).
Believe it or not, this token has already fetched over $6 million in its presale phase.
Not bad for a new contender that focuses on hilarious vibes and a robotic dog mascot.
However, WienerAI has some real utility, unlike most meme coins.
It boasts an AI-powered trading bot that can detect advantageous market conditions and provide users with data-driven trading signals.
So, a user could type in what kind of crypto asset they’re looking for, and the bot will suggest potentially profitable trades.
These trades can then be executed on various DEXs – without charging fees.
This combination of humor and AI tech is new to the crypto market.
And for that reason, retail investors have been piling into WienerAI’s presale.
Currently, WAI tokens are priced at $0.00072, and can be bought using ETH, USDT, BNB, or a credit/debit card.
Once the presale ends, WienerAI’s team plans to list WAI on the open market.
This will mark the real test of the token’s market appeal beyond the initial hype.
If the AI crypto mania continues and WienerAI builds its presence on Twitter, this dog-themed project could be a surprise contender.
