Ethereum of China and Advanced AI Token Lead Crypto Market Earnings with Significant Double-Digit Gains — Insights from TradingView News

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            <strong class="root-Tkn6WL2y">Neo</strong> and the <strong class="root-Tkn6WL2y">Artificial Superintelligence Alliance</strong> led the cryptocurrency market performance on Monday, standing out as the most successful digital currencies of the day.
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            <strong class="root-Tkn6WL2y">What Occurred:</strong> NEO, dubbed the "Chinese <strong class="root-Tkn6WL2y">Ethereum</strong>," experienced a surge exceeding 14%, topping the list of gainers in a 24-hour span. The trade volume for NEO increased dramatically to $65.04 million, reflecting the intense purchasing activity.
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            Interested parties should note that NEO is the proprietary cryptocurrency of a blockchain platform initiated by Chinese developers <strong class="root-Tkn6WL2y">Da Hongfei</strong> and <strong class="root-Tkn6WL2y">Erik Zhang</strong>. The platform facilitates smart contracts to digitize assets from the physical world, earning NEO the nickname "China's Ethereum."
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            <table class="table-VG8_37yK" data-no-swipe="true">
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                        <td><strong class="root-Tkn6WL2y">Cryptocurrency</strong></td>
                        <td><strong class="root-Tkn6WL2y">Gains +/-</strong></td>
                        <td><strong class="root-Tkn6WL2y">Price (Recorded at 10:40 p.m. EDT)</strong></td>
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                        <td><strong class="root-Tkn6WL2y">Neo</strong></td>
                        <td>+14.33%</td>
                        <td>$10.55</td>
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                        <td><strong class="root-Tkn6WL2y">Artificial Superintelligence Alliance</strong></td>
                        <td>+11.77%</td>
                        <td>$0.9056</td>
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            In addition, the token associated with AI collaboration, FET, jumped by more than 11%, securing the second spot among the largest gainers. This cryptocurrency has seen its trading volumes leap by 124% in the past day.
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            The said universal token is the outcome of a consolidated effort between three AI-centric cryptocurrencies, specifically <strong class="root-Tkn6WL2y">Fetch.ai</strong>, <strong class="root-Tkn6WL2y">SingularityNET</strong>, and <strong class="root-Tkn6WL2y">Ocean Protocol</strong>.
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            It remains uncertain if Nvidia Corp.'s 4.35% uptick in share value had any influence on these events. <a target="_blank" href="https://www.tradingview.com/symbols/NASDAQ-NVDA/" class="container-ekXxv5Y5 symbolTag-pIO_GYwT tag-zVPYJd3B size-xsmall-zVPYJd3B interactive-zVPYJd3B apply-overflow-tooltip apply-overflow-tooltip--allow-text apply-overflow-tooltip--check-children"><img class="tv-circle-logo-PsAlMQQF tv-circle-logo--xxxsmall-PsAlMQQF" crossorigin="" src="https://s3-symbol-logo.tradingview.com/nvidia.svg" alt=""/><span class="text-ekXxv5Y5">NVDA</span></a>
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            <strong class="root-Tkn6WL2y">See Also:</strong> <strong class="root-Tkn6WL2y"><a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/08/40444364/bitcoin-looking-bearish-while-equities-are-at-all-time-highs-what-gives" class="link-XnzAKBML icon-XnzAKBML">The Downtrend of Bitcoin Versus the Peak of Equities: Exploring the Contrast</a></strong>
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            <strong class="root-Tkn6WL2y">Significance:</strong> The notable rise in prices for the crypto coins in question aligns with an overall bullish sentiment in the market, which also saw major players like <strong class="root-Tkn6WL2y">Bitcoin</strong> and <strong class="root-Tkn6WL2y">Ethereum</strong> <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/08/40453354/bitcoin-ethereum-dogecoin-advance-along-with-stocks-analyst-says-king-crypto-still-early-i" class="link-XnzAKBML icon-XnzAKBML">attaining significant gains</a>.
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            A particular update from <strong class="root-Tkn6WL2y">Tesla</strong> CEO <strong class="root-Tkn6WL2y">Elon Musk</strong> led to a spurt in the value of his favored cryptocurrency, <strong class="root-Tkn6WL2y">Dogecoin</strong>, <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/08/40453739/elon-musk-sends-dogecoin-spiking-with-ai-generated-image-says-willing-to-serve-in-governme" class="link-XnzAKBML icon-XnzAKBML">nudging it slightly higher</a>.
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        <p class=""><em>Image Credit: CMP_NZ via Shutterstock</em></p>
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        <p class=""><em>© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</em></p>
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