AI tokens FET, AGIX, and OCEAN have all shown substantial increases in value in the last 24 hours amidst talks of merging into a new Artificial Superintelligence (ASI) token.

Fetch.ai's FET token has risen by 6%, with a trading price of $3.26 and a 57% surge in 24-hour trading volume, reaching around $1.1 billion. The token now has a market capitalization of $2.73 billion, indicating strong investor interest.

SingularityNET's AGIX token has also seen a rise, trading at $3.26 with a 10% increase in value within the same period. The trading volume for AGIX has gone up by 150%, hitting about $554 million, and its market cap has grown to $1.7 billion.

Ocean Protocol's OCEAN token has made the most remarkable progress, increasing by 18%. Its trading volume has skyrocketed by 900% to around $640 million, with a total market cap of $820 million.

These upward movements in prices suggest that investors are becoming more optimistic about the possible merger of these AI-focused projects.

The value surge is leading up to a planned community vote on April 2 for the proposed token merger involving SingularityNet, Fetch.ai, and Ocean Protocol. The combined market capitalization of these entities is approximately $5.3 billion.

If the merger proposal is accepted, it will result in the creation of the Artificial Superintelligence Alliance's ASI token, aiming to combine the strengths of the three entities to compete against major players in the AI industry.

The coalition, which will be known as the Superintelligence Collective, is looking to unite Fetch.ai's AI application platform, SingularityNET's AI services marketplace, and Ocean Protocol's data exchange framework.

The initiative is a response to the rapid growth of AI projects and is meant to offer a decentralized alternative for AI development, utilization, and monetization, challenging industry giants like OpenAI, Google, and Microsoft.

As per the merger terms, a total of 2.631 billion ASI tokens will be issued, replacing the existing AGIX, FET, and OCEAN tokens. These tokens can then be exchanged for ASI at predetermined rates.

The details of the merger include a one-to-one swap for FET into ASI tokens. Additionally, 867 million ASI tokens will be allocated to AGIX holders and 611 million to OCEAN tokenholders, with fixed conversion rates for those tokens into ASI.

Token holders who have their AGIX and OCEAN tokens stored on exchanges will not need to take any action, as the conversion to ASI tokens will be managed directly by the exchanges.

This strategic move is backed by on-chain data and market sentiment analyses indicating positive expectations for the merger, with a substantial increase seen in the combined market capitalization of the category to $43.12 billion.