Is the AI wave making a comeback?

At the start of 2024, the cryptocurrency market witnessed a significant increase in AI-related coins such as Fetch.ai (FET), the Graph, and SingularityNET (AGIX), which surged nearly 80% in just two weeks.

Following the launch of OpenAI's Sora AI, which turns text into video, enthusiasm for the AI sector reached new heights, bolstering investors' belief that AI has the potential for explosive growth in 2024.

Moreover, Fetch.ai is collaborating with SingularityNET and Ocean Protocol to form what they call the "Superintelligence Alliance," merging tokens into an ASI token with an FDV of approximately 7.5 billion USD.

So, are these three tokens worth buying on a dip?

Earlier this week, The Graph (GRT -5.26%), Fetch.ai (FET -3.29%), and SingularityNET (AGIX) still showed notable growth, increasing by 5.6%, 2%, and 1.8% respectively over the past 24 hours. However, many of these tokens continued to decline in the afternoon trading session as tensions in the Middle East escalated, leading to today's prices of The Graph (GRT - 1.97%), Fetch ai (FET - 4.33%), and SingularityNET (AGIX - 3.38%).

As these coins show a slight decline from their most recent resistance levels, many investors have shifted their focus to newer AI cryptocurrencies still in their early stages with potential for substantial growth, such as AURUMT or TUK - both of which are in the midst of highly scaled presales.