Following the release of the poll results, the market saw notable price movements in AI-related cryptocurrencies. At 12:15 PM EST on February 28, 2025, SingularityNET (AGIX) experienced a 10% price increase from $0.50 to $0.55 within the first 15 minutes after the tweet, with trading volumes reaching 5 million AGIX tokens (CoinGecko, 2025). Similarly, Fetch.AI (FET) saw a 7% rise from $0.70 to $0.75, with a trading volume of 3 million FET tokens (CoinGecko, 2025). These movements were accompanied by a noticeable increase in trading activity on major exchanges such as Binance and Coinbase, where the trading pairs AGIX/BTC and FET/ETH saw volume increases of 200% and 150%, respectively, within the same timeframe (Binance, 2025; Coinbase, 2025). The market reaction suggests a strong correlation between AI development news and the performance of AI-related tokens, indicating potential trading opportunities in these assets.
Technical analysis of the AI-related tokens following the poll results shows bullish trends. The Relative Strength Index (RSI) for AGIX reached 72 at 12:30 PM EST on February 28, 2025, indicating overbought conditions, while FET’s RSI was at 68, suggesting strong buying pressure (TradingView, 2025). On-chain metrics further supported the bullish sentiment, with the number of active AGIX addresses increasing by 30% to 10,000 addresses, and FET addresses rising by 25% to 8,000 addresses within the first hour after the tweet (CryptoQuant, 2025). Additionally, the Moving Average Convergence Divergence (MACD) for both AGIX and FET crossed above the signal line at 12:45 PM EST, confirming the bullish momentum (TradingView, 2025). These technical indicators, combined with the increased trading volumes, suggest that traders might consider buying into these AI tokens on short-term dips, as the market sentiment remains positive towards AI development and its impact on cryptocurrency markets.
The correlation between AI developments and cryptocurrency markets is evident from the immediate market reaction to the poll results. The surge in trading volumes and prices of AI-related tokens such as AGIX and FET indicates a direct impact of AI news on these assets. Moreover, the positive sentiment towards AI integration in blockchain technologies, as reflected in the poll, aligns with the bullish market trends observed. Traders should monitor these AI-related tokens closely, as further developments in AI could continue to influence cryptocurrency markets, potentially creating new trading opportunities at the intersection of AI and crypto.