The cryptocurrency world is abuzz with the latest developments surrounding three prominent projects: SingularityNet (AGIX), Floki (FLOKI), and Shiba Inu (SHIB). As the market recovers from a turbulent June, these projects are positioning themselves for a potential bull run.
SingularityNet (AGIX) Begins Migration to ASI
SingularityNet, the decentralized AI platform, has announced the commencement of the migration process for its AGIX token to the new ASI token. This is a significant step towards the creation of an independent and decentralized AI ecosystem, as AGIX, OCEAN, and FET tokens have joined forces to form the Alliance for Artificial Superintelligence. The migration will involve the exchange of AGIX and OCEAN tokens for FET, followed by the distribution of the unified ASI token to all FET holders.
Floki (FLOKI) Launches Public Mainnet Beta for Trading Bot
In the memecoin space, Floki has unveiled the public mainnet beta of its new trading bot. The bot will be initially available on three major EVM networks: Ethereum, BNB Chain, and Base, allowing users to trade a wide range of cryptocurrencies with ease. Fifty percent of the trading fees will be used to purchase and burn FLOKI tokens, while the remaining portion will go towards strengthening the project’s community.
Shiba Inu (SHIB) Offers Airdrop to LEASH Holders
Shiba Inu, the popular meme-inspired cryptocurrency, has announced an airdrop for all holders of the LEASH token, one of the three tokens in the Shiba Inu ecosystem. The airdrop is part of the DePin AIRian project and includes 20 AIR Bombs (NODES) and 100,000 AIR tokens. This initiative aims to incentivize the Shiba Inu community and encourage users to hold their LEASH tokens.
Price Analysis: AGIX, FLOKI, and SHIB
Despite the market’s turbulence in June, which saw these cryptocurrencies decline by around 30%, the outlook appears to be improving. The potential listing of spot ETH ETFs could provide a boost to the altcoin market, including ERC-20 tokens like AGIX.
For AGIX, the price evolution will depend on the Supercollective’s ability to attract market attention and Nvidia’s financial results. The merger into ASI could drive new purchases and help prices return to pre-dump levels.
As for SHIB and FLOKI, the memecoin hype will be a crucial factor. Memecoins tend to perform better in a positive market outlook, and the market is expected to see Bitcoin and Ethereum reach new all-time highs by September, which could provide an opportunity for SHIB and FLOKI to break out of their local highs, though they may still underperform the overall market indices.
