Upcoming AI tool launches and market optimism propel AEGIS token to a staggering 92% surge.
The AEGIS token, which is connected to the Aegis AI platform for auditing smart contracts, has experienced a significant surge in value. Over the past 24 hours, it has increased by 92% and reached its peak at $0.2987.
This growth is due to the anticipation of upcoming advancements in the Aegis AI ecosystem, as noted by a well-known crypto influencer named Jolly Green Investor. In a statement, the influencer expressed excitement about Aegis AI’s introduction of AI-based security tools that aim to address vulnerabilities in the crypto domain. These tools include smart contract audits, token legitimacy audits, protocol monitoring, and bug bounty programs, all of which will be part of the soon-to-be-launched Aegis AI dApp.
The surge in the value of the AEGIS token is closely tied to Ethereum co-founder Vitalik Buterin’s emphasis on the importance of AI in smart contract auditing and bug detection. Buterin recently expressed optimism about the use of AI for formal verification of code and identifying bugs, highlighting it as a significant technical risk that Ethereum currently faces. He believes that AI has the potential to revolutionize this aspect and greatly enhance security and reliability.
Jolly Green Investor believes that Buterin’s encouragement for Ethereum projects to develop AI-based solutions, along with the growing anticipation around the Ethereum ETF, positions AEGIS at the forefront of addressing these challenges.
Another user added further insights, referring to a recent AMA that revealed additional features of the Aegis ecosystem. These features include a Bitsensor subnet, an operating system, a DePIN ecosystem, and SKL-based licensing, among others. The expansion of these features opens up new revenue streams for AEGIS token holders, who will receive an 80% revenue share.
At the time of writing, the price of the AEGIS token has adjusted to $0.2452, still representing an impressive 64.3% increase over the previous 24 hours.
The surge in the price of the AEGIS token aligns with the resilience and substantial growth demonstrated by AI-related cryptocurrencies, such as Fetch.ai. Despite a market downturn, these cryptocurrencies have experienced significant price increases. In addition, a recent report from Coinbase highlighted that AI-affiliated cryptocurrencies have outperformed major cryptocurrencies like bitcoin and ether since the beginning of the last quarter of 2023. These tokens have also reportedly performed better than major AI-related stocks, including Nvidia and Microsoft, further emphasizing the growing role and potential of AI in the cryptocurrency sector.
