VAI token price went parabolic on Tuesday, bucking the recent strong downward trend

The token jumped to a high of $0.1232, its highest point since June 18th. It has soared by over 33% from its lowest point this month.

The price of Vaiot (VAI) token soared on Tuesday, defying the recent steep downward trend. VAI price reached a high of $0.1232, the highest level since June 18th. It rose by more than 33% from the lowest point this month.

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The main reason for the VAI token price surge is that other artificial intelligence tokens also soared. As I reported earlier, tokens like SingularityNET and Fetch AI surged by more than 50% from the lowest point this year. Other AI-affiliated tokens like The Graph, Akash Network, and Render token also rebounded.

VAI price chart.

Vaiot also soared because of the rising optimism in the crypto industry. Bitcoin recovered from $59,000 to more than $61,000 today. Other major coins like dogwifhat, Bonk, and Lido DAO and Brett also soared.

However, this rebound could be a dead cat bounce, which occurs when an asset rebounds sharply after crashing hard in a specific period. In most cases, this type of rebound is short-lived and takes a short period.

Vaiot is among the blockchain companies that are aiming to integrate AI features. It combines the concepts of blockchain, AI, and natural user interface. For example, it aims to introduce an AI legal assistant that will help businesses and individuals get legal answers.

The developers are working on a solution called Legal Torch that is set to be launched by the end of the year.

Legal Torch offers flexibility and cost-effectiveness with pay-as-you-go legal tools, plus comprehensive packages with ongoing support via subscriptions. #legaltech

The platform aims to redefine the way individuals and businesses navigate the legal landscape by offering easy-to-use solutions. The solution will also feature expertise from Grant Thornton, one of the leading accounting and advisory services players.

Some of the solutions that the platform will initially launch with include service agreements, non-disclosure agreements (NDA), loan agreements, and share transfer agreements, among others.