Neo and Artificial Superintelligence Alliance Hog the Limelight, Emerge as Market's Best-Performing Cryptocurrencies

NEO, also called "Chinese Ethereum ETH/USD," soared more than 14% to become the biggest gainer in the last 24 hours.

As the market opened Monday, Neo and Artificial Superintelligence Alliance (FET) emerged as the best-performing cryptocurrencies, hogging the limelight with double-digit gains.

NEO Price Today: Neo (NEO) soared more than 14% to become the biggest gainer in the last 24 hours. The cryptocurrency's trading volume also more than tripled to reach $65.04 million, indicating a buying frenzy among traders.

What Happened: Neo, also known as the "Chinese Ethereum (ETH)," is a blockchain-based platform founded by Chinese entrepreneurs Da Hongfei and Erik Zhang. The project incorporates smart contracts to digitize real-world assets, which is why it is sometimes referred to as the "Ethereum of China."

Neo's native token, NEO, powers the platform and facilitates transactions. It enables developers to build and deploy decentralized applications (dApps) on the Neo blockchain.

The platform also features a dual-token system, with the other token being Neo Gas (GAS). GAS is used to pay for transaction fees and smart contract execution on the Neo network.

Moreover, Neo has been making headlines recently due to its partnership with Chainlink, a decentralized oracle network. This collaboration aims to integrate Chainlink's price feeds and other data into the Neo ecosystem.

FET Price Today: The AI-based collaborative token saw an impressive 11% swell, securing the second spot on the list of biggest gainers. The cryptocurrency recorded a 124% jump in trading volumes in the last 24 hours.

What Happened: FET, also known as the Fetch.ai token, is a universal token that emerged from a strategic merger between three AI coins: Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN).

This token aims to provide a unified and liquid trading experience for those interested in AI-related cryptocurrencies. It combines the strengths of each project to offer a diverse exposure to the emerging field of artificial intelligence.

As a collaborative token, FET facilitates easy access to a basket of AI coins, catering to the growing demand for AI integration in various industries.

It's worth noting that the 4.35% jump in shares of AI giant Nvidia Corp (NASDAQ:NVDA) might have acted as a trigger for these gains, although this connection was not immediately clear.

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