Artificial Superintelligence Alliance (ASI) Token Merger Begins, But Coinbase Opts Out

The first phase of the Artificial Superintelligence Alliance (ASI) token merger began on July 1, with the merger of two artificial intelligence (AI) tokens

The Artificial Superintelligence Alliance price dropped 5% in the last 24 hours to trade at $1.299 as of 01:49 a.m. EST on trading volume that slid 32% to $103 million, according to Coingecko.

This comes as the first phase of the Artificial Superintelligence Alliance (ASI) token merger began on July 1, with the merger of two artificial intelligence (AI) tokens: SingularityNet’s AGIX and Ocean Protocol’s OCEAN.

https://t.co/hJFsqsChEr

— Artificial Superintelligence Alliance (@ASI_Alliance) July 2, 2024

In the first phase, Fetch.ai merged the AI tokens into the FET token, and crypto exchanges subsequently delisted the original tokens.

However, some crypto exchanges did not support the merger. For instance, Coinbase noted that it did not support the ASI merger and opted not to introduce a mechanism that would automatically convert users’ token holdings.

Ocean (OCEAN) and https://t.co/pOEE8X2oY0 (FET) have announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not execute the migration of these assets on behalf of users.

— Coinbase Assets ?️ (@CoinbaseAssets) June 26, 2024

Artificial Superintelligence Alliance Price Set To Soar Over The $1.65 Resistance Level

The Artificial Superintelligence Alliance price has been in a downtrend in June, trading within the descending triangle pattern, which indicates that sellers have been more aggressive than buyers as the price continued to make lower highs.

The price of the Artificial Superintelligence Alliance trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the token being on a downtrend.

Moreover, the Relative Strength Index (RSI) supports the selloff, with the RSI trading within the 30-oversold level, currently at 34, which shows that sellers continue to sell.

According to the Artificial Superintelligence Alliance price analysis on the 4-hour chart, the token is on a sustained bearish trend, trading within a descending triangle pattern. If the bears continue to sell, the price of the Artificial Superintelligence Alliance could retrace further to the next support zone around $1.05.

In an inverse scenario, with the RSI already crossing over to the 30-oversold level, the Artificial Superintelligence Alliance price could go through a consolidation phase and a breakout thereafter.

If the bulls push the token over the $1.65 resistance level (200-day SMA), the token could soar to the next target over $2.74.

Meanwhile, other traders attracted to AI coins are piling into WienerAI ($WAI), the new dog-themed meme coin that combines two of the hottest niches in crypto: AI and meme coins.

WienerAI Presale Blasts Past $6.9 Million – Best Crypto To Buy Now?

A new AI-powered meme coin project is smashing through presale targets, having already collected over $6.9 million in its presale. Meet WienerAI ($WAI) – part dog, part sausage, part AI trading bot.

The project will introduce a trading bot that is essentially an investment partner, designed to give holders a utility they have long sought in crypto markets. The project uses predictive technology and a user-friendly interface to provide users with advice on when to buy and sell crypto.

UPGRADE your trading strategy.

The WienerAI Trading Bot will be your trusted trading companion, using AI to make savvy and predictive moves in a dynamic market. pic.twitter.com/uYCRAWRd2N

— WienerAI (@WienerDogAI) June 1, 2024

WienerAI is similar to another recent presale called Scotty the AI (SCOTTY), which collected over $10 million in funds raised.

WAI token holders can earn passively through the platform’s staking option, which offers an annual percentage yield (APY) of 163%.

According to 99Bitcoins, a prominent crypto channel on YouTube with over 700,000 subscribers, $WAI could potentially go 100X after its launch.

If you are interested in participating in the presale, you can buy the token for $0.000724. But hurry as the price will increase in less than 11 hours.

You can buy WAI tokens on the official website here using ETH, BNB, USDT, or a bank card.