Neo And Alliance of Artificial Superintelligence were in the spotlight on Monday and proved to be the best performing cryptocurrency on the market.

What happened: NEO, also called “Chinese” ether ETH/USD,” rose more than 14% to become the biggest gainer in the last 24 hours. The cryptocurrency’s trading volume has more than tripled to $65.04 million, indicating a buying spree.

For the curious: NEO is the native token of the blockchain-based platform founded by Chinese entrepreneurs Da Hongfei And Eric Zhang. Because the project involves smart contracts to digitize real-world assets, it is sometimes referred to as the “Ethereum of China.”

Additionally, AI-based collaborative token FET gained more than 11%, taking the second spot on the list of biggest gainers. The cryptocurrency saw a 124% increase in trading volume over the past 24 hours.

The Universal Token is the result of a strategic merger between three AI coins, namely Fetch.ai FET/USD, SingularityNET AIX/USDAnd Ocean Protocol Ocean/USD.

It was not immediately clear whether the 4.35% rise in the AI ​​giant’s shares Nvidia Corp. NVDA acted as a trigger.

See also: Bitcoin looks bearish while stocks are at all-time highs: What’s going on?

Why it is important: The sharp rise in the above coins came amid a broader market rally, with market heavyweights such as Bitcoin BTC/USD And ether ETH/USD make considerable profits.

Additionally, an X-contribution of Tesla Managing Director Elon Musk sent his “favorite” cryptocurrency, Dogecoin DOGE/USDa few steps higher.

Photo by CMP_NZ on Shutterstock

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