Cryptocurrencies remained downbeat on Thursday, with most assets reflecting significant losses on their daily charts.
While the crypto Fear & Greed Index switched from greed to neutral, Fetch.ai, Dogecoin, and Toncoin topped altcoin trends for various reasons.
Let us find out more.
Fetch.ai launches startup fund
Crypto AI firm Fetch.ai has unveiled a Startup Accelerator program to fund enterprises in growing trends such as artificial intelligence and quantum computing.
x.com/i/article/1877…
The $10 million annual funding program will boost startups’ development and growth through funding, mentorship, support, and resources.
According to the details:
From initial ideas to building innovative solutions, founders are paired with relevant experts from Fetch.ai and the industry to address their top technical challenges.
That will help early-stage innovative businesses attain remarkable success by unlocking their full potential.
Meanwhile, a qualified startup should have a minimum prototype or product.
Furthermore, the industry-agnostic program allows enterprises across different sectors to access tools and mentorship and to scale their solutions globally.
Notable, Fetch.ai’s accelerator program comes as the artificial intelligence crypto space heats up, with AI agents dominating trends.
Nvidia CEO Jansen Huang believes each tech company will integrate AI agents in the future.
“The IT department of every company is going to be the HR department of AI agents in the future.”
– Jensen Huang (CEO @nvidia ) at CES 2025
DOGE enthusiasts upbeat amid bearish actions
The meme token exhibits significant bearishness after losing nearly 10% on its daily chart to trade at $0.3213.
However, Dogecoin witnesses an inconsistency between its downbeat near-term price movements and social media optimism.
Trader Tardigrade highlighted that DOGE’s prevailing performance mirrored its previous cycle, with a parallel channel indicating a bullish bias.
The trader urged long-term investors to remain patient for massive gains as Dogecoin could hit $2 in 2025 and $8 in 2028.
In another post, Tardigrade revealed that DOGE is retesting the top on an ascending triangle, which could yield substantial gains.
Nevertheless, Dogecoin’s trajectory depends on broad market sentiments.
Toncoin large transactions skyrocket
While cryptocurrencies grappled with immense liquidations following the latest flash crash, TON witnessed a massive uptick in large transactions.
Data from IntoTheBlock shows that Toncoin whale transfers increased by 94% within the past day to $8.21 billion (1.54 trillion TON).
The staggering surge indicates significant purchases or selling activities by TON whale investors.
Toncoin trades at $5.21 after losing 3% and 9% in the past day and week.
Dip-pocketed players could capitalize on discounted prices or reduce their exposure to prevent further losses.
IntoTheBlock shows most Toncoin investors are enduring losses at current prices.
Meanwhile, TON remains the top crypto project on Telegram, and the messaging app’s growth positions the altcoin for impressive success.
Telegram founder Pavel Durov confirmed that the messaging platform attained its first profitability last year, with over $1 billion in 2024 total revenue.
The gradual change to blockchain via the Open Network contributed to this surge.
Tap-to-earn games such as Hamster Kombat attracted massive user activity on the social media site.
Telegram’s ability to balance regulatory compliance, growth, and user privacy will boost Toncoin’s growth amid broad-based bull runs.
The post Altcoins today: Fetch.ai boosts AI agents, DOGE mirrors previous cycle, TON whales on the move appeared first on Invezz
https://invezz.com/news/2025/01/09/altcoins-today-fetch-ai-boosts-ai-agents-doge-mirrors-previous-cycle-ton-whales-on-the-move/
