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Cryptocurrency News Articles

The AI Crypto Boom: How Influencer Tweets Shape the Market

Feb 09, 2025 at 05:45 pm

In early February 2025, the cryptocurrency market experienced an unprecedented surge in AI-related tokens following a tweet from renowned influencer WallStreetBulls.

The AI Crypto Boom: How Influencer Tweets Shape the Market

February 9, 2025, saw a thrilling turn of events in the crypto world when WallStreetBulls, a prominent influencer, voiced a bullish sentiment about AI-related cryptocurrencies on Twitter. Almost immediately, the market responded with a frenzy of trading activity.

SingularityNET (AGIX) jumped from $0.75 to $0.92 in a mere 15 minutes, with trading volume rocketing by 120% to 45 million tokens. Fetch.AI (FET) wasn’t far behind, surging from $1.20 to $1.32, witnessing an 80% increase in trading volume. Meanwhile, Bitcoin climbed modestly, reinforcing the notion that AI tokens were driving the day’s excitement.

But the buzz didn’t stop there. The AGIX trading pair with Bitcoin saw a staggering 23% volume increase, as traders flocked to capitalize on the newfound hype. This was mirrored in the FET/USDT pairing, which recorded a rise as well. An intriguing correlation emerged, showing a significant connection between the movements of AI tokens and Bitcoin, suggesting that news in this sector might create waves across the broader crypto landscape.

While the technical charts indicated overbought conditions, spurring caution, the surge in active addresses for both AGIX and FET highlighted a growing interest in AI developments. Furthermore, a surge of 40% in positive mentions of AI tokens on social media within an hour of the tweet underscores the potency of influencer sentiment.

Key takeaway: As AI technologies advance, their influence on the crypto market is undeniable. For traders, this means staying informed about the fast-evolving landscape can unlock profitable opportunities.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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