A remarkable shift in the crypto markets kicked off with a wave of enthusiasm, particularly towards artificial intelligence-related tokens. This fresh bullish bias followed the recent introduction of xAI, an AI company unveiled by Tesla and SpaceX CEO Elon Musk that’s intended to rival leading chatbot ChatGPT. Consequently, there’s been an applaudable upswing – of about 11% and 7%, respectively – in SingularityNET (AGIX) and Fetch.ai (FET) token values within 24 hours.
Several influential figures at the helm of notable entities like DeepMind, OpenAI and Microsoft Research constitute the forming team of this new venture. Despite functioning as a separate entity from Musk’s X Corp., xAI pledges to maintain close ties with his broad network of companies.
On another note, a recent development challenges the ecosystem of cryptocurrencies, particularly tether (USDT), bitcoin (BTC), and toncoin (TON), as they craft a novel niche in e-commerce. Merchants utilizing the popular messaging app Telegram can now exploit services by Wallet – built on the Open Network blockchain – that expands on its chat-centric payments system, marking a significant stride in mainstream crypto usage.
An intriguing proposition lurks within the workings of the Polygon network. A collective of founders and researchers introduced the idea to replace Polygon’s MATIC with POL, setting the stage for POL to centralize all Polygon-based networks, whether it’s the main blockchain, the zkEVM network, or an array of supernets. This news saw MATIC’s value surge by 2.6%, but it’s worth mentioning that this rise hinges on the acceptance of the proposition.
Finally, the litecoin-bitcoin dynamic undergoes a change as attention gravitates towards Litecoin’s mining reward halving slated for Aug. 2. This precisely programmed code should half the per-block LTC emission from 12.5 to 6.25.
It’s beneficial to be aware of these shifts, as they do not only affect the respective tokens, but are also a barometer of the overarching trends within the realm of blockchain and crypto fiduciaries. The future thus seems adorned with continuous advancements, albeit riding the waves of volatility and unpredictability, unsurprisingly associated with any groundbreaking domain.
Source: Coindesk
