This week has been quite good for altcoins as they recorded remarkable gains over the seven days. This comes as the anticipation for an *ETH* ETF approval grows, with Grayscale expressing confidence in approvals.
Ethereum ETF is "a matter of when, not a matter of if." -Grayscale CEO $ETH pic.twitter.com/fgnQUUpLG8
— Crypto Banter (@crypto_banter) February 23, 2024
JasmyCoin Price Review
JasmyCoin (JASMY) was the week’s top gainer, recording impressive gains over the seven days. As of press time, the JasmyCoin price stood at $0.01608, representing a pump of 154.5% in the last seven days. The market cap stood at $796 million.
The surge in the JasmyCoin price over the week may be attributed, in part, to Japan’s legislative revisions. The nation’s government recently made significant progress in enabling venture capital companies and other investment organizations to invest directly in digital assets.
3⃣ Support for New Businesses: The amendment to the Industrial Competitiveness Enhancement Act aims to promote the creation of new businesses and industries by providing support to medium-sized companies and startups. Allowing VCs to acquire #crypto assets expands… pic.twitter.com/tuMWiXhnUz
— Keyur Rohit (@CryptoKingKeyur) February 21, 2024
SingularityNET Price Review
SingularityNET (AGIX) was the week’s second top gainer, having also recorded impressive gains. As of press time, the SingularityNET price stood at $0.7631, representing a pump of 69.4% in the last seven days. The market cap stood at $952 million.
However, AGIX’s recent pump can be attributed to current market trends as AI takes center stage. According to the technical analysis, the market for SingularityNET cryptocurrency may expand together with the need for generative AI amid the growing demand for it.
Nvidia $NVDA CEO Jensen Huang just said“Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations”
— Evan (@StockMKTNewz) February 21, 2024
Worlcoin Price Review
Worldcoin (WLD) is this week’s third top gainer, having also recorded impressive gains. As of press time, the Worldcoin price stood at $8.85, representing a pump of 65% in the last seven days. The market cap was at $1.1 billion as of press time.
The current increase in the Worldcoin price value has nothing to do with the project’s advancements. Rather, the expansion stems from the launch of OpenAI’s Sora project.
OpenAI just dropped the bomb on video generation.But how do they compare to their closest rival?OpenAI: Sora vs Runway: Gen2 pic.twitter.com/JYbnCqm6Dd
— Dogan Ural (@doganuraldesign) February 16, 2024
Uniswap Price Review
Uniswap (UNI) is this week’s third top gainer, having also recorded impressive gains. As of press time, the Uniswap price stood at $40, representing a pump of 40% in the last seven days. The market cap was at $6.3 billion as of press time.
The foundation’s announcement of an upgrade to the protocol governance that will allow for the collection of protocol fees, their pro-rata distribution to token holders who have staked and delegated their UNI votes, and the continuation of governance’s ability to set fundamental fee parameters is specifically responsible for the Uniswap Price Pump.
If approved by the community, Uniswap Governance's resilience and decentralization will increase.Two truths: The Uniswap Protocol is immensely useful (trillions of USD in lifetime swap volume), and it is governance minimized (two adjustable parameters in v3, one in v4).
— Erin Koen (@eek637) February 23, 2024
Fetch.ai Price Review
Fetch.ai is this week’s fifth top gainer as we wrap up our list of gainers. The token also recorded impressive gains, with Fetch.ai price at $1.11 as of press time, representing a pump of 35% in the last seven days. The market cap was at $922 million as of press time.
The pump in the Fetch.ai price can also be attributed to the launch of OpenAI’s Sora project, as AI tokens now take the crypto space by blast.
𝗔𝗜 𝘁𝗼𝗸𝗲𝗻𝘀 𝗮𝗿𝗲 𝘀𝘁𝗮𝗿𝘁𝗶𝗻𝗴 𝘁𝗼 𝗯𝗹𝗼𝘄 𝘂𝗽 In the past week, AI tokens have surged by an average of 8%, with the market cap skyrocketing from $7 billion to $17 billion this month. Here is why AI crypto is poised to become the biggest narrative:– OpenAI's… pic.twitter.com/nJ3DaP33zI
— Karan Singh Arora (@thisisksa) February 22, 2024
