The AEGIS token, tied to the Aegis AI smart contract auditing platform, witnessed a notable surge, catapulting by 92% in the past 24 hours and peaking at $0.2987.

The increase occurs while people are optimistic about new developments in the Aegis AI ecosystem. Well-known crypto influencer Jolly Green Investor agreed with this opinion. Jolly Green Investor emphasized that Aegis AI is allegedly about to release AI-based security tools to help make the Bitcoin world safer.

SLEEPING GIANT A.I. PROJECT
 $AEGIS – Aegis A.I. is about to unleash their ecosystem of A.I. based security tools on the world of crypto.

The timing of the coming launch of their new suite of security dApps could not be more perfect

Vitalik Buterin recently said that… pic.twitter.com/nqnvs0OkXv

— Jolly Green Investor (@jollygreenmoney) March 12, 2024

These tools include AI-powered smart contract audits, assessments of token legitimacy, protocol monitoring, and bug bounty programs. They are all essential parts of the soon-to-be-released Aegis AI decentralized application (dApp).

Jolly Green Investor said that the rise in the value of AEGIS tokens was related to Vitalik Buterin’s support for using AI to improve Ethereum’s security. Buterin has spoken out in favor of AI’s use in smart contract monitoring and bug finding.

Buterin’s support, expressed in a cross-post on Feb. 19, focused on AI’s potential in formal code verification and bug detection. This would address Ethereum’s significant technical risks and bring about a new age of security and dependability.

AEGIS Thrives Amid Ethereum’s Expansion

In this situation, Jolly Green Investor stressed how AEGIS is uniquely positioned to deal with these problems. This was helped by Buterin’s call for Ethereum projects to use AI solutions and the growing excitement about the Ethereum ETF.

A commentator shared more information by mentioning a recent Ask Me Anything (AMA) session that showed off more features of the Aegis ecosystem, such as a Bitsensor subnet, an operating system, a DePIN ecosystem, and an SKL-based license. However, none of these developments exist in their final form today nor are they accessible by anyone. 

Oh man, have you listened to $AEGIS AMA yet where they drop alpha about their upcoming Bitsensor subnet, operating system, DePIN ecosystem, SKL-based licensing to other platforms…. all revenue streams for holders to get 80% rev share!

— Brentus33 (@Brentus333) March 12, 2024

With these rumored changes, AEGIS token holders will have new ways to earn money and an enticing 80% cut of the profits.

The rise in the price of AEGIS tokens is similar to how AI-related coins like Fetch.ai have been strong and grown a lot, even though the market is down.

Notably, a recent report from Coinbase showed that AI-related cryptocurrencies have done better than large ones like Bitcoin and ether since the beginning of the fourth quarter of 2023.

Disclaimer

This article is provided for information only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.