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Is the ASI Token Merger a Buy the Rumor, Sell the News Event?

Is the ASI Token Merger a Buy the Rumor, Sell the News Event?
  • FET and AGIX prices drop despite the upcoming ASI token merger announcement.
  • Fetch.ai’s FET trading volume surged 36% despite a recent price decline.
  • Market analyst Sherpa sees potential for AGIX to rally past its 200 EMA.

Fetch.ai (FET) revealed on Wednesday that its long-awaited ASI token merger with Ocean Protocol (OCEAN) and SingularityNET (AGIX) will commence on July 1st.

However, the initial excitement surrounding this two-phase process appears to have subsided, as both FET and AGIX prices have experienced significant declines following the announcement.

At press time, Fetch.ai was trading at $1.64, down 3.95% from the previous day. Similarly, Ocean Protocol and SingularityNET have also declined, with OCEAN falling 3.1% to $0.6544 and AGIX decreasing 4.89% to $0.6715, according to CoinMarketCap.

Fetch.ai Price Analysis

Recently, the FET token surged to a new peak of $1.84, eclipsing its previous high of $1.74 set on June …

The post Is the ASI Token Merger a Buy the Rumor, Sell the News Event? appeared first on Coin Edition.

Read the article at CoinEdition

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Is the ASI Token Merger a Buy the Rumor, Sell the News Event?

Is the ASI Token Merger a Buy the Rumor, Sell the News Event?
  • FET and AGIX prices drop despite the upcoming ASI token merger announcement.
  • Fetch.ai’s FET trading volume surged 36% despite a recent price decline.
  • Market analyst Sherpa sees potential for AGIX to rally past its 200 EMA.

Fetch.ai (FET) revealed on Wednesday that its long-awaited ASI token merger with Ocean Protocol (OCEAN) and SingularityNET (AGIX) will commence on July 1st.

However, the initial excitement surrounding this two-phase process appears to have subsided, as both FET and AGIX prices have experienced significant declines following the announcement.

At press time, Fetch.ai was trading at $1.64, down 3.95% from the previous day. Similarly, Ocean Protocol and SingularityNET have also declined, with OCEAN falling 3.1% to $0.6544 and AGIX decreasing 4.89% to $0.6715, according to CoinMarketCap.

Fetch.ai Price Analysis

Recently, the FET token surged to a new peak of $1.84, eclipsing its previous high of $1.74 set on June …

The post Is the ASI Token Merger a Buy the Rumor, Sell the News Event? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

ONDO Breaks $1, Analysts Eye Surge Toward $2 and Beyond

ONDO Breaks $1, Analysts Eye Surge Toward $2 and Beyond

The crypto market is slowly shifting back into green territory. In the last 24 hours,...
Vine Coin (VINE) Price Prediction for July 29, 2025: VINE Skyrockets Above $0.15 But Rising Wedge Signals Caution

Vine Coin (VINE) Price Prediction for July 29, 2025: VINE Skyrockets Above $0.15 But Rising Wedge Signals Caution

After trading below $0.05 for most of July, Vine Coin price exploded higher in the pa...